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Somnigroup International Acquires Equity Interest in Fullpower-AI and Advances Long Term Strategic Partnership

1. SGI expands partnership with Fullpower, investing $25 million for 15.6% stake. 2. Tempur Sealy extends exclusive rights to use Sleeptracker technology until 2036. 3. Investment enhances consumer experience through smarter, tailored sleep solutions. 4. Sleep data analysis will deepen consumer behavior insights and product targeting. 5. Fullpower's technology enhances AI solutions for health and sleep sectors.

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FAQ

Why Bullish?

The $25 million investment indicates strong growth prospects and commitment to innovation, similar to past successful partnerships between established companies that enhanced market positions, such as those in tech sectors.

How important is it?

The strategic investment and long-term partnership significantly position SGI for future growth, especially as health-enhancing technologies continue to prioritize consumer engagement and product differentiation.

Why Long Term?

The extended agreement until 2036 signals a long-term strategy to enhance product offerings, likely leading to sustained revenue growth, akin to Apple's long-term contracts with suppliers driving product innovation.

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, /PRNewswire/ -- Somnigroup International Inc. (NYSE: SGI, "Company" or "Somnigroup") today announced the expansion of its relationship with Fullpower-AI® ("Fullpower"), a leading provider of biosensing AI solutions. Since 2019, Fullpower's Sleeptracker-AI ("Sleeptracker") technology has powered the TEMPUR-Ergo® Smart Base collection for over 250 million nights of sleep. As part of the expanded partnership, Tempur Sealy, a wholly-owned business of Somnigroup, is making a $25 million equity investment in Fullpower to acquire an approximate 15.6% ownership stake. In addition, Tempur Sealy and Fullpower have signed a multi-year extension through 2036 of Tempur Sealy's exclusive rights to embed Sleeptracker technology in its products. This agreement secures continued access to one of the industry's most advanced AI sleep platforms, ensuring continued sleep insights and coaching for consumers globally. Further, the sleep data aggregated by Sleeptracker enables Tempur Sealy to deepen its understanding of consumer behaviors and deliver even more targeted product solutions. Somnigroup Chairman and CEO Scott Thompson commented, "This strategic investment reflects our deep commitment to furthering innovation and enhancing the future of the consumer experience. By extending our relationship with Fullpower, we are both furthering our ability to serve consumers through smarter, more tailored solutions and reinforcing our position at the forefront of bedding innovation." About Somnigroup Somnigroup (NYSE: SGI) is the world's largest bedding company, dedicated to improving people's lives through better sleep. With superior capabilities in design, manufacturing, distribution and retail, we deliver breakthrough sleep solutions and serve the evolving needs of consumers in more than 100 countries worldwide through our fully-owned businesses, Tempur Sealy, Mattress Firm and Dreams. Our portfolio includes the most highly recognized brands in the industry, including Tempur-Pedic®, Sealy®, Stearns & Foster®, and Sleepy's®, and our global omni-channel platform enables us to meet consumers wherever they shop, offering a personal connection and innovation to provide a unique retail experience and tailored solutions. About Fullpower Fullpower-AI® delivers the no-code and API KOA platform, an enterprise-grade LAM (Large Action Model) biosensing solution engineered to scale specialized conversational and generative AI for the health, wellness, senior living, and sleep science sectors. Purpose-built for providers, KOA is a no-code and API configuration built for providers to deploy autonomous AI agents with real-time reasoning, adaptive learning, and actionable intelligence across all communication channels. These human-like agents enable fast, personalized, and context-aware interactions while seamlessly aggregating and analyzing data from all major wearables and contactless sensors. By managing routine tasks and queries, KOA empowers care teams to focus on complex needs and meaningful resident engagement. Stanford Medicine and UCSF independently vet our platform. Additional information regarding Fullpower can be found on their website www.fullpower.com. Somnigroup Investor Relations Contact Aubrey MooreInvestor RelationsSomnigroup International Inc.800-805-3635[email protected]  SOURCE Somnigroup International WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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