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Oticon Funds $12,000 in Sertoma Scholarships for Students with Hearing Loss

Somerset, NJ, November 2 Oticon, Inc. President Peer Lauritsen announced today that the company will fund twelve $1,000 scholarships for students with hearing loss through Sertoma International. The scholarships are open to students with mild to profound hearing loss (minimum 40dB bilateral hearing loss) who are pursuing a bachelors degree in any discipline. Each $1,000 award is designed to cover tuition, books and supplies during any academic term, including summer term.

By investing in this unique scholarship program, Oticon is investing in the future of young people with hearing loss, stated Lauritsen. We believe that people with hearing loss have the potential to make enormous contributions to the world. Through this scholarship program, we aim to help them acquire the education they need to achieve their goals.

Oticon is a long time supporter of scholarship programs for students with hearing loss through Sertoma International, one of the oldest civic service clubs in the U.S. promoting civic responsibility through community service. Scholarship applications can be downloaded from www.sertoma.org. Deadline for applications is 4:00 PM Central Standard Time on May 1, 2006.

For more information on Oticon, visit www.oticon.com

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