Tech & Science: Fitbit wins contract with Singapore to supply trackers to potentially hundreds of thousands of citizens - PressFrom - United Kingdom
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Tech & ScienceFitbit wins contract with Singapore to supply trackers to potentially hundreds of thousands of citizens

16:15  21 august  2019
16:15  21 august  2019 Source:   cnbc.com

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Your Singapore Citizen parent will need to log in to MyICA using their SingPass to sponsor your application. Name – For Singapore Permanent Residents holding a Singapore Identity Card, you are required to change your name in your foreign passport first before applying for change of name .

Fitbit wins contract with Singapore to supply trackers to potentially hundreds of thousands of citizens © Provided by CNBC LLC James Park, CEO of Fitbit.

Fitbit announced a deal on Wednesday with the government of Singapore to provide hundreds of thousands of consumers there with fitness trackers as the country aims to make its population healthier.

Fitbit told CNBC that starting next month, residents of Singapore can register for the Fitbit Inspire, which the company launched earlier this year specifically for employers and health plans. Customers won't pay anything for the device, but will commit to spending $10 (about £8.24) a month for a year of premium service, which includes guidance and one-on-one coaching.

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Other information Singaporean citizenship by birth is the only “automatic” form of citizenship , and is given only to The good news is that reservist obligations will cease upon renunciation. Similar to loss of PR above, renunciation of citizenship has an adverse impact on immigrating to Singapore in future.

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Fitbit wins contract with Singapore to supply trackers to potentially hundreds of thousands of citizens © Getty Person using Fitbit Flex

While Fitbit grew rapidly in the hardware market in its early days, the company's stock price has plunged more than 50% in the past year as competition has eaten into its core business. Apple has a commanding lead in the global smartwatch market and has a far bigger app ecosystem it can offer to customers, who are already using the iPhone.

Fitbit CEO James Park is trying to push the company into software and services, where there's recurring revenue and fatter margins. The company declined to provide specific details about how much the Singapore deal is worth, but said that it's material to its 2019 revenues for the health solutions business, which it previously said was on track to hit $100 million. A spokesperson noted that the agreement represents more than 5% of the health solutions unit.

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Fitbit spent its first decade selling activity trackers . Fitbit has deals with insurers like UnitedHealthcare, which pays its clients up to ,500 a year for hitting step-count goals. United has done years of research to calculate its return on these payouts, says Fitbit CEO James Park.

In Singapore , tenancy agreements typically include a lease term of between six months to two years. On the other hand, tenants too have a responsibility to uphold the obligations set forth in the terms of the contract . Basic terms include

Fitbit wins contract with Singapore to supply trackers to potentially hundreds of thousands of citizens © Provided by CNBC LLC

Singapore, with a population of about 5.6 million, has a program in place to use technology "to encourage Singaporeans to adopt healthy living and affect behavior change," said Zee Young Kang, CEO of the country's Health Promotion Board, in a statement.

"We intend to work with industry innovators, such as Fitbit, on additional efforts to use technology to provide Singaporeans with personalized health advice and nudges, so that they can take control of their own health," he said.

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Water supply and sanitation in Singapore is characterised by a number of achievements in the challenging environment of a densely populated island. Access to water is universal, affordable, efficient and of high quality.

The Singapore National Pledge is an oath of allegiance to Singapore . It is commonly recited by He believed that language, race and religion were potentially divisive factors and used the Pledge to “We, as citizens of Singapore , pledge ourselves to forget differences of race, language or religion

Like many other countries, Singapore has rising rates of diabetes and heart disease, and is looking for ways to reduce health costs by encouraging its citizens to eat healthier and exercise more regularly. The initiative with Fitbit is called Live Healthy SG.

Park told CNBC that the negotiations were "highly competitive" and that Apple was among those vying for the bid. While the Fitbit Inspire sells for well under $100, the cheapest Apple Watch starts at about three times that amount. An Apple spokesperson didn't respond to a request for comment.

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"We think this program could reach up to one million people," said Park, indicating he sees it possibly getting to almost 20% of the population. It's an indication "hopefully to investors and other potential customers that the transformation that we've talked about in our business model is becoming real," he said.

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Before, only 20 percent of users had it turned on.

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