Smart fabric start-up Footfalls & Heartbeats raises loan after problem with technology

Fri, 18 Dec 2015

By Fiona Rotherham Dec. 18 (BusinessDesk) - Smart fabric start-up Footfall & Heartbeats is about to close a $250,000 convertible loan after having to pull a crowdfunding campaign in September and let go its newly-hired chief executive after a problem emerged with its technology. The Auckland-based company signed a licensing deal with German medical company Medi in March for its first application for the compression sensor fabric which allows a standard measure for bandaging. The technology can help medical practitioners and patients to...

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