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Panasonic Reaches Distribution Agreement with The Hearing Shop (PC)

Panasonic Healthcare Group (NYSE:PC) today announced a new distribution agreement with The Hearing Shop, an online supplier for the hearing professional, which will allow licensed dispensers and audiologists to purchase Panasonic products at www.panasonic-hearingshop.com.

This is the first time that Panasonic digital hearing instruments will be available for hearing care professionals to order online.

“A changing market requires new thinking and evolving our business to meet our customer’s demands,” said Delain D. Wright, Director of Sales, Panasonic Healthcare Group. “Panasonic and The Hearing Shop are on the forefront of this changing industry by offering hearing professionals the opportunity to order Panasonic digital hearing instruments through an online store. Working with Sycle.net opens up a range of other opportunities such as integrating the purchase of Panasonic digital hearing aids through a hearing professional’s office management system, offering customers an easy and seamless way to shop.”

Panasonic (NYSE:PC) has potential upside of 60.6% based on a current price of $8.33 and an average consensus analyst price target of $13.38.

Panasonic is currently below its 50-day moving average (MA) of $8.53 and below its 200-day MA of $10.19.

In the last five trading sessions, the 50-day MA has fallen 0.3% while the 200-day MA has slid 0.72%.

Panasonic Corporation manufactures electric and electronic products. The Company produces home appliances, audio video, computer peripherals, telecommunications, industrial equipment, and electronic parts. Panasonic has associated companies around the world.

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