Samsung Electronics Co., Ltd. (KRX:005930) has launched a prototype of a health-monitoring wristband that is connected to a cloud-based service, which would let consumers share stats with developers of mobile fitness apps. The device is called the Simband, which can measure heart rate and blood pressure.
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Samsung is spending $1.1 billion on a new Samsung Strategy and Innovation Center (SSIC). The SSIC will be a “global engine to accelerate innovation and to drive new business creation.” The company will have three offices worldwide and will give the opportunity for the company to interface with entrepreneurs outside of the company. Samsung will also provide mentorship for new businesses.
Samsung Chief Strategy Officer Young Sohn spoke candidly at the MIT Technology review event about the devices he uses. “At work I’m using Samsung devices; Apple at home, mainly because all of my systems and files are done that way,” said Sohn.
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