Lucid Hearing's OTC Products Honored with Gold and Bronze 2023 Stevie Awards

FORT WORTH, TX – Lucid Hearing, LLC, a market leader and global provider of advanced hearing technology and audio solutions, was named the winner today of a Gold Stevie^® Award in the Health & Pharmaceuticals-Product category and a Bronze winner in the Emerging Technology category in The 21st Annual American Business Awards^®. In both cases, the recognitions are for Lucid Hearing’s lineup of Over-the-Counter Hearing Aid Solutions, including Fio, Engage, and Engage Rechargeable.

The American Business Awards are the U.S.A.’s premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations—public and private, for-profit and non-profit, large and small.

Nicknamed the Stevies for the Greek word meaning “crowned,” the awards will be presented to winners at a gala ceremony at the Marriott Marquis Hotel in New York on Tuesday, June 13.

More than 3,700 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories, including Startup of the Year, Executive of the Year, Best New Product or Service of the Year, Marketing Campaign of the Year, Thought Leader of the Year, and App of the Year, among others.

“I want to congratulate our entire team on these honors,” said CEO Tim Schnell. “We began preparing and doing the necessary work to ensure we were ready with high quality solutions as soon as the FDA gave the green light for the OTC market to open up, and everyone at Lucid Hearing, from research and development to sales to our supply chain team and regulatory—everyone contributed to the successful launch of our OTC product lineup and these recognitions,” Schnell added.

The company's lineup of OTC hearing aids was in full compliance with the FDA's OTC rule on the first day (Oct. 17, 2022) that the category of devices was approved for sale. Schnell noted the company continues to take a data-based approach to new product development, incorporating customer feedback, anonymized audiogram data, and feedback from the over 500 hearing instrument specialists and audiologists it employs in its hearing aid center locations.

Judges’ comments about Lucid Hearing’s OTC lineup included remarks about the company’s effective accessibility approach, noting that “Overall, the company has done an excellent job of creating an accessible and affordable product line that meets the needs of a wide range of customers, and [it] has positioned itself well in the expanding OTC hearing aid market.”

More than 230 professionals worldwide participated in the judging process to select this year’s Stevie Award winners.

“It is very gratifying for us to be able to recognize the achievements of such a wide variety of organizations, teams, and individuals in the 21st ABAs, and we look forward to bringing them together in New York on June 13 to celebrate with them,” said Maggie Miller, president of the Stevie Awards.

Details about The American Business Awards and the list of 2023 Stevie winners are available on the ABA website.