The new female condom is called VA w.o.w, and Michigan-based IXü LLC claims that after first use, 70 percent of female test subjects achieved orgasm - with 100 percent achieving orgasm after the fourth use, according to a company press release.

The condom can be inserted into the vagina eight hours before sex. The vibrating sleeve has a heart or star-shaped ring that keeps the condom from slipping too far into the vagina, the company said, and some vibrating condoms can be controlled by wireless remotes like a smart phone "while the condoms perform various stimulating functions of vibe/pulse sensations; sound, heat and light emissions."

IXü LLC has been awarded five U.S. patents for wearable tech that combines female condoms with electronic sex-toys. The company has also entered the Bill Gates Foundation Condom Contest and according to the press release, the company hopes that female condoms will become more popular. Currently, men prefer to use female condoms with a female partner while women prefer to have sex using a male condom with a male partner, so the VA w.o.w would put both partners on the same sexual page. Female condoms are 95 percent effective - a higher efficacy rate than male condoms, according to Our Bodies, Our Selves - and use of a female condom makes use of contraception a more likely option. The female condom can also be used in anal sex, so any receptive partner would be protected from most STIs, according to NAM Publications.

"Perhaps this announcement will evoke an 'aha!' moment from various governmental, non-profit or commercial entities who could promote this proven technology," an IXü spokesperson said. "This maybe the condom Gates and the safe-sex world is looking for - and it's ready to unveil."

VA w.o.w is pending approval from the U.S. Food and Drug Administration, but it is expected to hit the shelves in Europe in the next 12 or 18 months, according to the Daily Dot.