CAESAREA, Israel and EINDHOVEN, The Netherlands,
Sept. 20, 2017 /PRNewswire/ -- DarioHealth Corp. (NASDAQ: DRIO), a smart diabetes solution, and
HighTechXL, a corporate-backed accelerator based in Eindhoven, The Netherlands, announce their
strategic collaboration to bring personalized healthcare management to diabetes and pre-diabetes patients around the world.
Backed by an alliance of corporations and regional organizations, including Philips, the HighTechXL Acceleration program
selected DarioHealth because of its strong management team, innovative business model, and smart solutions for diabetes
management.
DarioHealth develops cloud-based diabetes platforms that include a native mobile solution helping patients to manage diabetes
related information and a platform that facilitates coaching. The all-in-one Dario Blood Glucose Monitoring System is capable of
sharing real-time results with healthcare professionals via the personalized AI-driven application.
Globally, DarioHealth is already cleared by four major regulatory bodies including Health Canada, CE, TGA, and the U.S. FDA
for both iOS and certain Android devices. The product is available in the United States,
United Kingdom, Australia, Canada, New Zealand, The Netherlands,
Israel, and Italy. In addition, DarioHealth has received
reimbursement coverage for plans in the United Kingdom, Australia, Italy, and Canada, and is also
covered by 3rd-party insurance agreements in the United States.
Guus Frericks, Managing Director of HighTechXL acknowledges: "We were impressed by
DarioHealth's solution and by the execution capabilities of the company. The company managed to create and enroll a very
user-centric solution that is truly data-driven and personalized. We believe HighTechXL's team experience and network can help
DarioHealth accelerate its penetration to market and get its product to millions of patients over the world."
Erez Raphael, Chairman and CEO of DarioHealth commented: "We are extremely honored and proud to
be selected by the Philips-backed accelerator. We believe the industry is transforming from a device-driven industry to a
personalized managed care, data and clinical outcome driven industry. It is encouraging that Philips' executives share the same
vision. We are looking forward to collaborate with the accelerator team and find new ways to accelerate our growth."
The HighTechXL Accelerator is a three-month, corporate-backed program designed to accelerate startups to their next stage of
development, including to help them gain broader customer traction and secure development partnerships. In addition, the program
team facilitates the possibility for scaling companies to explore options including starting a pilot project with the
corporations constituting the HighTechXL partner network, or integrating their product or service into the corporation's existing
business line.
For the selection of its latest batch, the HighTechXL team invited 75 startups and scale-ups from 23 different countries.
Selected companies were invited to participate in a joint three-day selection event by HighTechXL and Get in the Ring in
collaboration with ABN AMRO bank, ASML, EY, NTS-Group, and Philips. 35 of the 75 companies were
focused on the development of healthcare solutions and medical devices.
DarioHealth competed in a medical technology track, during which companies were given the opportunity to assess the fit of
their business and technology propositions against Philip's current product lines with executives and innovation managers.
About DarioHealth Corp.
DarioHealth Corp. is a leading global digital health company serving tens of thousands of users with dynamic mobile
health solutions. We believe people deserve the best tools to manage their treatment, and harnessing big data, we have developed
a unique way for our users to analyze and personalize their diabetes management. With our smart diabetes solution, users have
direct access to track and monitor all facets of diabetes, without having the disease slow them down. The acclaimed Dario™ Blood
Glucose Monitoring System all-in-one blood glucose meter and native smartphone app gives users an unrivaled method for
self-diabetes management. DarioHealth is headquartered in Caesarea, Israel with a regional
office in Burlington, Massachusetts. For more information, visit http://mydario.investorroom.com/.
Cautionary Note Regarding Forward-Looking Statements
This news release and the statements of representatives and partners of DarioHealth Corp. (the "Company") related
thereto contain or may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of
1995. Statements that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the
generality of the foregoing, words such as "plan," "project," "potential," "seek," "may," "will," "expect," "believe,"
"anticipate," "intend," "could," "estimate," or "continue" are intended to identify forward-looking statements. For example, when
the Company describes the potential benefits of the collaboration with HighTechXL, and when the Company describes its beliefs in
industry trends, it is using forward-looking statements. Readers are cautioned that certain important factors may affect the
Company's actual results and could cause such results to differ materially from any forward-looking statements that may be made
in this news release. Factors that may affect the Company's results include, but are not limited to, regulatory approvals,
product demand, market acceptance, impact of competitive products and prices, product development, commercialization or
technological difficulties, the success or failure of negotiations and trade, legal, social and economic risks, and the risks
associated with the adequacy of existing cash resources. Additional factors that could cause or contribute to differences between
the Company's actual results and forward-looking statements include, but are not limited to, those risks discussed in the
Company's filings with the U.S. Securities and Exchange Commission. Readers are cautioned that actual results (including, without
limitation, the timing for and results of the Company's commercial and regulatory plans for Dario™) may differ significantly from
those set forth in the forward-looking statements. The Company undertakes no obligation to publicly update any forward-looking
statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
About HighTechXL
HighTechXL is an innovation hub which accelerates innovative solutions to market success. We help startup founders and
corporations alike. With a main office at the High Tech Campus Eindhoven, HighTechXL runs effective acceleration and launchpad
programs which support entrepreneurs and in-corporate ventures throughout all chapters of their entrepreneurial quest - from idea
to prototype to scale-up. The comprehensive programs are backed by the leading high-tech, med tech and financial actors in the
region: ABN AMRO, ASML, BOM, EY, NTS-Group and Philips, forging an open innovation ecosystem where
the strengths of both the startup and corporate worlds complement each other to create new and sustainable business
opportunities. HighTechXL is headquartered in Eindhoven, the Netherlands with offices in
Shanghai, China and Boston, the U.S.
High Tech Campus 1, 5656 AE Eindhoven
http://www.hightechxl.com/
http://www.facebook.com/hightechxl
http://www.twitter.com/Hightechxl
http://www.linkedin.com/company/hightechxl
https://www.f6s.com/hightechxlhardwareaccelerator2016
DarioHealth Corporate and Media Contact
Shmuel Herschberg
Marketing Director
shmuel@mydario.com
1-914-775-5548
DarioHealth Investor Relations Contact
Hayden IR
Stephen Hart
DRIO@HaydenIR.com
1-917-658-7878
View original content with multimedia:http://www.prnewswire.com/news-releases/dariohealth-joins-philips-backed-innovation-hub-hightechxl-to-empower-more-diabetes-patients-to-analyze-and-personalize-their-treatment-300522200.html
SOURCE DarioHealth Corp. and HighTechXL