asx coh industry biotechnology founded 1981 headquarters sydney australia key people chris smith ceo rick holliday smith chairman products cochlear implants bone anchored hearing aids cochlear wireless accessories bone anchored prosthetics revenue a 925.6 million 2015 1 net income a 145.8 million 2015 1 number of employees 2 800 in 20 countries 2015 1 website www.cochlear.com cochlear asx coh is a global biotechnology company that designs manufactures and supplies the nucleus cochlear implant the hybrid electro acoustic implant and the baha bone conduction implant . 2 based in sydney cochlear was formed in 1981 with finance from the australian government to commercialise the implants pioneered by dr graeme clark . 3 4 today the company holds over two thirds of the worldwide hearing implant market 5 6 with more than 250 000 people receiving one of cochlear s implants since 1982 . 2 cochlear was named australia s most innovative company in 2002 and 2003 7 and one of the world s most innovative companies by forbes in 2011 . 8 contents 1 products 2 corporate affairs 3 references 4 see also products edit cochlear produces three implants for different medical situations . nucleus is a system combining an electrical simulation device that is surgically implanted behind a patient s ear a processor that captures sounds and an electrode array that relays the sounds to the brain . 2 9 it is a direct descendant of the original cochlear implants also known as nucleus developed by dr graeme clark in melbourne during the 1970s . 3 nucleus was the first cochlear implant to be approved by the u.s. food and drug administration . 10 the system is upgradable for example by installing a new sound processor without surgery . 2 cochlear s latest processor nucleus 6 was launched in 2013 after six years of development . 11 it replaced the nucleus 5 system . in 2011 the nucleus 5 ci500 series internal implant was recalled 12 with up to a 24 % failure rate . 13 in 2013 the nucleus implant recorded 99 % reliability over the last 8 years more than any similar product . 14 hybrid is an electro acoustic system combining a cochlear implant with an acoustic hearing aid suitable for patients who have residual hearing at low frequencies . 15 the implant of the hybrid system is a smaller variant of nucleus with an electrode that relays only high frequency sounds 15 while the acoustic component amplifies low frequency sounds and transmits them to the brain through the ordinary nerve pathway . 2 hybrid was launched in 2008 and won australian engineering excellence and international design awards in 2009 . 15 baha derived from bone anchored hearing aid is a bone conduction system involving a small titanium implant that is ossointegrated with the bone behind a patient s ear . 2 a sound processor captures sounds which is passed to the implant and directly transferred to the inner ear through the skull . 2 16 baha was originally produced by swedish biotechnology group entific medical systems before that company was acquired by cochlear in 2005 . 17 corporate affairs edit cochlear manufactures principally in sweden and australia including at a purpose built facility at macquarie university in sydney . 18 19 the company s products are supplied to over 100 countries internationally with 43 % sales revenue 403 million derived from the americas 40 % 377.6 million from europe the middle east and africa and 17 % 161.3 million from the asia pacific region as of 2015 . 2 cochlear spent 128 million on research and development in fy15 . 2 in 2011 reports arose of nucleus model ci500 implants shutting down although less than 1 % of devices were affected and the failures posed no health risks . 20 21 cochlear funded a complete recall of the model with an older version of the nucleus implant being available as a replacement . 20 21 the company spent 101.3 million on the recall . 22 references edit a b c asx and media release f15 results pdf . a b c d e f g h i annual report 2015 pdf . cochlear . retrieved 3 november 2015 . a b history who developed the cochlear implant and why . powerhouse museum . retrieved 22 june 2013 . history . cochlear . retrieved 22 june 2013 . australia s cochlear plans to return implant to market . reuters . retrieved 22 june 2013 . questions mount over cochlear s top status . 9 news . retrieved 22 june 2013 . cochlear named most innovative company . sydney morning herald . retrieved 22 june 2013 . most innovative growth companies . forbes . retrieved 22 june 2013 . the cochlear implant . powerhouse museum . retrieved 22 june 2013 . cochlear implants technical report . american speech language hearing association . retrieved 22 june 2013 . hearing company cochlear stakes growth on new range . herald sun . retrieved 22 june 2013 . cochlear recalls line of ear implants . wall street journal . retrieved 22 july 2016 . nucleus n5 ci500 series implant recall hard failure rate at a major cochlear implantation center . the laryngoscope . wiley . retrieved 22 june 2016 . cochlear nucleus reliability report 2013 . cochlear . retrieved 22 june 2013 . a b c cochlear hybrid hearing system 2008 . powerhouse museum . retrieved 22 june 2013 . baha implant . university of maryland medical center . retrieved 22 june 2013 . cochlear buys into sweden . sydney morning herald . retrieved 22 june 2013 . new technologies push growth of cochlear . biospectrum asia . retrieved 22 june 2013 . cochlear well placed for growth trend . sydney morning herald . retrieved 22 june 2013 . a b hearing aid company s shares drop sharply as cochlear recalls product . news limited . retrieved 22 june 2013 . a b cochlear shares plummet on product recall . sydney morning herald . retrieved 22 june 2013 . cochlear reports 77.7 m h1 profit as it recovers from recall . the australian . retrieved 22 june 2013 . see also edit cochlear bone anchored solutions ab v t e business in australia institutions australian competition and consumer commission australian corporate law australian prudential regulation authority australian securities and investments commission australian takeovers panel constitution of australia 1901 cth corporations power economy of australia stock exchange australian securities exchange s & p asx 20 s & p asx 50 s & p asx 200 s & p asx 300 chi x business associations australian chamber of commerce and industry australian hotels association australian industry group business council of australia consult australia minerals council of australia national farmers federation s & p asx 50 companies alpha sorted agl energy amcor amp apa asciano aurizon anz asx bhp billiton brambles caltex australia coca cola amatil commonwealth bank computershare crown csl dexus goodman gpt incitec pivot iag james hardie lend lease macquarie group medibank mirvac national australia bank newcrest mining oil search orica origin energy qbe insurance ramsay health care rio tinto santos scentre seek limited sonic healthcare south32 stockland suncorp sydney airport holdings telstra transurban vicinity centres wesfarmers westfield westpac woodside petroleum woolworths other notable companies adelaide bank akubra alumina australian radio network axa asia pacific bendigo bank bluescope steel bunnings caltex camperdown dairy international challenger cimic cochlear coles downer group fairfax media fosters holden james hardie jb hi fi john holland macquarie radio manildra group metcash national storage news corp australia nine entertainment optus qantas qube holdings rm williams seven west media southern cross austereo st george bank star entertainment group vero insurance virgin australia zinifex corporate controversies and collapses ansett australia bridgecorp holdings dick smith holdings firepower international great southern group james hardie asbestos controversy rodney adler brad cooper ray williams and the collapse of hih insurance king brothers masters home improvement opes prime pasminco becomes zinifex poseidon bubble price fixing in the packaging industry rene rivkin and the offset alpine fire jodee rich and one.tel christopher skase and qintex storm financial timbercorp wa inc wayne mansfield westpoint notable individuals peter abeles warren anderson reg ansett alan bond chris corrigan robert champion de crespigny janet holmes court robert holmes court rod eddington john elliott andrew forrest david gonski joseph gutnick lang hancock margaret jackson gail kelly solomon lew frank lowy david morgan hugh morgan lachlan murdoch james murdoch rupert murdoch sidney myer jacques nasser frank packer james packer kerry packer clive palmer arvi parbo gina rinehart dick smith kerry stokes ziggy switkowski harry triguboff malcolm turnbull solomon trujillo nicholas whitlam retrieved from https en.wikipedia.org w index.php title cochlear limited & oldid 731106119 categories biotechnology companies of australiamanufacturing companies of australiacompanies listed on the australian securities exchangecompanies based in sydneyhearing aid manufacturershidden categories use australian english from june 2013all wikipedia articles written in australian englishuse dmy dates from june 2013 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutschpolski edit links this page was last modified on 23 july 2016 at 00 45 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the 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