Eargo Launches Eargo 5 Hearing Aid with Sound Match^TM Technology

SAN JOSE, CA — Eargo, Inc. (Nasdaq: EAR), a medical device company on a mission to improve the quality of life for people with hearing loss, today announced the launch of Eargo 5, the company’s most advanced hearing aid to date.

Eargo 5 is Eargo’s fifth generation device and is a medical-grade, FDA Class II exempt hearing device designed to be customizable to the user’s hearing preferences through all new Sound Match™ technology. Through Sound Match™, Eargo 5 enables at-home hearing screenings and custom tuning with no clinic visits or waiting rooms. At a fraction of the price of traditional hearing aids, it also presents a real opportunity for the estimated 43 million Americans suffering from mild to moderate hearing loss to take full control of their hearing health.

Eargo 5 is also the smallest in-canal, rechargeable hearing aid Eargo has ever made, and includes Eargo’s best sound quality yet. Users can control sound with just a tap, choosing from four presets optimized to common situations, and adjusting noise reduction and other sound settings on the go. Users can also use the Eargo 5 mobile app on Android and iOS to fine-tune their settings for their sound environment—anytime, anywhere.

Eargo even reimagined its approach to charging and maintenance with Eargo 5, delivering a seamless experience for users. Updates include new contact pins with magnets to keep devices in place for contactless charging, redesigned Petal ear tips which include built-in filters for easier maintenance, and extra mic caps which keep devices free of debris.

A fully customized battery empowered by VARTA provides up to five years of running time based on usage and the highest energy density in the smallest space. Eargo 5 is fully charged within four hours for up to 15 hours of continuous power. The lithium-ion technology of the battery enables faster and easier charging while meeting the highest levels of safety.

Customers can expect Eargo 5 to continue to get better over time, as both the hearing aid and charger are in-field upgradeable.

Introducing Sound Match™

No other hearing aid company brings empowering technology and professional support to consumers’ homes at an affordable price. Sound Match™ and Eargo 5 gives even more freedom to consumers to check their hearing and tune remotely.

How it works: Eargo 5 emits test tones throughout the screening to assist the user in establishing a custom hearing profile and personalized recommendations for the user based on the results. The screening are conducted for each ear to ensure a fully user customized hearing experience.

Through its proprietary tuning data and in situ hearing screenings, Eargo Sound Match™ provides recommendations for users to adjust hearing settings to fine tune to their listening environments. Customers can further customize their hearing experience for different environments with up to four presets and additional bass/treble EQ, whether they are in a restaurant or meeting, or listening to music or talking on the phone.

Users are also able to contact Eargo’s on demand hearing professionals for any additional hearing customization they may need.

Eargo 5 Pricing and Availability

Eargo delivers unmatched experience and value for its users through its direct-to-consumer model. Eargo 5 is available for purchase at a fraction of the price of traditional hearing aids; and, unlike other direct to consumer hearing aids, Eargo promises lifetime support from a team of licensed hearing professionals.

Eargo has also continued its commitment to value and delivered these innovations without increasing prices for consumers. Eargo 5 is available for $2,950 – the same price as the fourth generation Eargo Neo HiFi – with financing available for as low as $123/month for 24 months.

Customers can purchase Eargo 5 online at eargo.com. Each purchase of Eargo 5 comes with a 45-day money back guarantee and a two-year warranty.

Eargo’s free hearing check can help determine if Eargo is a good fit for you. If you have questions, contact Eargo’ team of certified hearing specialists for a free telecare checkup.