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General Electric backs Sonitus Medical with $10M loan

Wed, 09/18/2013 - 12:20pm
Mass Device

General Electric's capital arm loans $10 million to Sonitus Medical for its SoundBite tooth-based hearing aid.

General Electric backs Sonitus Medical with $10M loan

General Electric (NYSE:GE) said its GE Capital arm lent $10 million to Sonitus Medical for its SoundBite tooth-based hearing aid.

San Mateo, Calif.-based Sonitus plans to use the funds to expand commercialization of the SoundBite device, which uses bone conduction to transmit sound via the teeth, according to a press release.

The device is already on the market in the U.S. and Canada, according to the release.

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