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Avant Technologies and Ainnova Request Pre-Submission Meeting with US FDA for VisionAI Platform Technology

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Avant Technologies (OTCQB: AVAI) and its joint venture partner Ainnova Tech have reached a significant milestone in their regulatory journey by requesting a pre-submission meeting with the FDA for their VisionAI platform technology.

The technology, focused on early detection of diabetic retinopathy, will be reviewed by the FDA's Center for Devices and Radiological Health. The companies aim to obtain FDA 510(k) clearance to market the technology in the U.S. through their partnership entity, Ai-nova Acquisition Corp (AAC).

Key points:

  • AAC holds worldwide licensing rights for VisionAI platform and retinal cameras
  • The strategy includes rapid deployment in low-regulation markets while pursuing FDA clearance
  • Pre-submission meeting will help determine clinical trial requirements and budget planning
  • Success with FDA is crucial for U.S. market entry and commercial potential

Avant Technologies (OTCQB: AVAI) e il suo partner in joint venture Ainnova Tech hanno raggiunto un importante traguardo nel loro percorso regolatorio richiedendo un incontro preliminare con la FDA per la loro tecnologia VisionAI.

Questa tecnologia, focalizzata sulla diagnosi precoce della retinopatia diabetica, sarà valutata dal Centro per i Dispositivi e la Salute Radiologica della FDA. Le aziende mirano a ottenere l'autorizzazione FDA 510(k) per commercializzare la tecnologia negli Stati Uniti tramite la loro entità di partnership, Ai-nova Acquisition Corp (AAC).

Punti chiave:

  • AAC detiene i diritti di licenza mondiali per la piattaforma VisionAI e le fotocamere retiniche
  • La strategia prevede un rapido lancio nei mercati con regolamentazioni meno stringenti mentre si procede con l'ottenimento dell'autorizzazione FDA
  • L'incontro preliminare aiuterà a definire i requisiti per gli studi clinici e la pianificazione del budget
  • Il successo con la FDA è fondamentale per l'ingresso nel mercato USA e il potenziale commerciale

Avant Technologies (OTCQB: AVAI) y su socio en empresa conjunta Ainnova Tech han alcanzado un hito importante en su proceso regulatorio al solicitar una reunión previa con la FDA para su tecnología VisionAI.

La tecnología, centrada en la detección temprana de la retinopatía diabética, será revisada por el Centro de Dispositivos y Salud Radiológica de la FDA. Las compañías buscan obtener la autorización FDA 510(k) para comercializar la tecnología en EE.UU. a través de su entidad asociada, Ai-nova Acquisition Corp (AAC).

Puntos clave:

  • AAC posee los derechos de licencia mundial para la plataforma VisionAI y las cámaras retinianas
  • La estrategia incluye un despliegue rápido en mercados con regulaciones menos estrictas mientras se persigue la autorización FDA
  • La reunión previa ayudará a determinar los requisitos de ensayos clínicos y la planificación del presupuesto
  • El éxito con la FDA es crucial para la entrada al mercado estadounidense y el potencial comercial

Avant Technologies (OTCQB: AVAI)와 공동 벤처 파트너 Ainnova TechVisionAI 플랫폼 기술에 대해 FDA와 사전 제출 미팅을 요청하며 중요한 규제 이정표를 달성했습니다.

이 기술은 당뇨병성 망막병증의 조기 발견에 중점을 두고 있으며, FDA의 의료기기 및 방사선 건강 센터에서 검토받게 됩니다. 양사는 파트너십 법인인 Ai-nova Acquisition Corp (AAC)를 통해 미국 시장에서 이 기술을 판매하기 위한 FDA 510(k) 승인 취득을 목표로 하고 있습니다.

주요 내용:

  • AAC는 VisionAI 플랫폼과 망막 카메라에 대한 전 세계 라이선스 권리를 보유하고 있습니다
  • 전략은 FDA 승인 절차를 진행하는 동안 규제가 덜한 시장에서의 신속한 배포를 포함합니다
  • 사전 제출 미팅은 임상 시험 요구 사항과 예산 계획을 결정하는 데 도움을 줄 것입니다
  • FDA 승인 성공은 미국 시장 진입과 상업적 잠재력에 매우 중요합니다

Avant Technologies (OTCQB : AVAI) et son partenaire en coentreprise Ainnova Tech ont franchi une étape importante dans leur parcours réglementaire en demandant une réunion de pré-soumission avec la FDA pour leur technologie de plateforme VisionAI.

Cette technologie, axée sur la détection précoce de la rétinopathie diabétique, sera examinée par le Centre des dispositifs et de la santé radiologique de la FDA. Les entreprises visent à obtenir l'autorisation FDA 510(k) pour commercialiser la technologie aux États-Unis via leur entité partenaire, Ai-nova Acquisition Corp (AAC).

Points clés :

  • AAC détient les droits de licence mondiaux pour la plateforme VisionAI et les caméras rétiniennes
  • La stratégie inclut un déploiement rapide sur les marchés à faible réglementation tout en poursuivant l'autorisation FDA
  • La réunion de pré-soumission aidera à déterminer les exigences des essais cliniques et la planification budgétaire
  • La réussite auprès de la FDA est cruciale pour l'entrée sur le marché américain et le potentiel commercial

Avant Technologies (OTCQB: AVAI) und ihr Joint-Venture-Partner Ainnova Tech haben einen wichtigen Meilenstein in ihrem regulatorischen Prozess erreicht, indem sie ein Vorab-Einreichungsgespräch mit der FDA für ihre VisionAI-Plattformtechnologie beantragt haben.

Die Technologie, die sich auf die Früherkennung der diabetischen Retinopathie konzentriert, wird vom FDA-Zentrum für Geräte und radiologische Gesundheit überprüft. Die Unternehmen streben an, eine FDA 510(k)-Freigabe zu erhalten, um die Technologie in den USA über ihre Partnergesellschaft, Ai-nova Acquisition Corp (AAC), zu vermarkten.

Wichtige Punkte:

  • AAC hält weltweite Lizenzrechte für die VisionAI-Plattform und Netzhautkameras
  • Die Strategie umfasst eine schnelle Markteinführung in Märkten mit geringerer Regulierung während des FDA-Zulassungsprozesses
  • Das Vorab-Einreichungsgespräch soll helfen, klinische Studienanforderungen und Budgetplanung festzulegen
  • Der Erfolg bei der FDA ist entscheidend für den Markteintritt in den USA und das kommerzielle Potenzial
Positive
  • FDA pre-submission package for VisionAI platform accepted for review
  • Worldwide licensing rights secured for VisionAI platform and retinal cameras through AAC joint venture
  • Two-tier market strategy: immediate deployment in low-regulation markets while pursuing FDA clearance
  • Strategic positioning for U.S. market entry through FDA regulatory pathway
Negative
  • Additional clinical trials required before FDA clearance, indicating time and cost investments ahead
  • Budget for FDA process not yet defined
  • Currently operating in OTC market (OTCQB) rather than major exchange

LAS VEGAS, April 29, 2025 /PRNewswire/ -- Avant Technologies, Inc. (OTCQB: AVAI) ("Avant" or the "Company"), and its JV partner, Ainnova Tech, Inc., (Ainnova), a leading healthcare technology company focused on revolutionizing early disease detection using artificial intelligence (AI), today announced that The Center for Devices and Radiological Health of the U.S. Food and Drug Administration (FDA) has received the company's submission package requesting a pre-submission meeting with the FDA for its VisionAI platform technology and is now under review.

Ainnova is requesting a pre-submission meeting with the FDA's review team to discuss any questions and/or concerns about its proposed formal submission, including seeking advice to finalize the protocol and obtain agency guidance for a clinical trial of its VisionAI platform in the early detection of diabetic retinopathy.  A pre-submission meeting allows companies to clarify regulatory requirements, get feedback on their plans, and potentially avoid delays or issues during the formal review process.

The clinical studies will aim to support an FDA 510(k) submission to obtain clearance from the regulatory agency to market its technology in the U.S.

Ai-nova Acquisition Corp. (AAC), the company formed by the partnership between Avant and Ainnova to advance and commercialize Ainnova's technology portfolio, including its VisionAI platform and its versatile retinal cameras, has worldwide licensing rights for this portfolio.  The licensing rights include the U.S., where the FDA regulates drug and medical device development, so the success of Ainnova's interactions with the FDA are paramount to marketing the technology portfolio in the United States.

Vinicio Vargas, Chief Executive Officer at Ainnova and a member of AAC's Board of Directors, said, "This milestone reflects our two-tiered strategy, rapid deployment in low-regulation markets where VisionAI operates as a screening tool, and simultaneous progress toward FDA clearance for the U.S. market.  Entering the U.S. will unlock significant commercial potential, and early engagement with regulators ensures we do so with speed, credibility, and a validated product."

For medical device applicants like Ainnova, the FDA's pre-submission program is useful to determine a clear regulatory pathway for the successful launch of the device, including the number of patients and the number of clinics that will be needed to generate the necessary clinical data for the FDA to make an informed decision on Ainnova's VisionAI platform.  For Avant, the pre-submission meeting will help define a precise budget for the strategic partnership's entire FDA process.

About Ainnova Tech, Inc.

Ainnova is a Nevada-based healthtech startup with headquarters in San Jose, Costa Rica, and Houston, Texas. Founded by an experienced and innovative team that is dedicated to leveraging artificial intelligence for early disease detection. Recognized with multiple global awards and renowned partnerships with hospitals and medical device companies, we proudly introduce VisionAI – our cutting-edge platform designed to prevent blindness and detect the early onset of diabetes. Explore how Ainnova is revolutionizing healthcare through advanced technology and proactive solutions.

About Avant Technologies, Inc. 

Avant Technologies, Inc. is an emerging technology company developing solutions in artificial intelligence in healthcare.  With a focus on pushing the boundaries of what is possible in AI and machine learning, Avant serves a diverse range of industries, driving progress and efficiency through state-of-the-art technology.

More information about Avant can be found at https://avanttechnologies.com 

You can also follow us on social media at:

https://twitter.com/AvantTechAI https://www.linkedin.com/company/avant-technologies-ai  

https://www.facebook.com/AvantTechAI 

https://www.youtube.com/@AvantTechAI 

Forward-Looking Statements

Certain statements contained in this press release may constitute "forward-looking statements."  Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact.  Actual results may differ materially from those indicated by such forward-looking statements because of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov).  In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company's ability to raise capital on acceptable terms, if at all, the Company's successful development of its products and the integration into its existing products and the commercial acceptance of the Company's products.  The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change.  However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so.  These forward-looking statements should not be relied upon as representing the Company's views as of any date after the date of the press release.

Contact:

Avant Technologies, Inc. info@avanttechnologies.com

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SOURCE Avant Technologies Inc.

FAQ

What is Avant Technologies (AVAI) VisionAI platform seeking FDA approval for?

VisionAI platform is seeking FDA clearance for early detection of diabetic retinopathy through a 510(k) submission process, starting with a pre-submission meeting request to discuss clinical trial protocols.

When did Avant Technologies (AVAI) submit their FDA pre-submission package for VisionAI?

Avant Technologies and Ainnova submitted their FDA pre-submission package before April 29, 2025, which is currently under review by The Center for Devices and Radiological Health.

What markets can Avant Technologies (AVAI) VisionAI platform currently operate in?

VisionAI currently operates as a screening tool in low-regulation markets, while simultaneously pursuing FDA clearance for entry into the U.S. market.

How will the FDA pre-submission meeting benefit Avant Technologies (AVAI)?

The pre-submission meeting will help Avant define a precise budget for the FDA process and allow them to clarify regulatory requirements, get feedback on plans, and potentially avoid delays during formal review.

What is the commercial significance of FDA clearance for Avant Technologies (AVAI) VisionAI platform?

FDA clearance will unlock significant commercial potential in the U.S. market, where Ai-nova Acquisition Corp. (AAC) holds worldwide licensing rights for the VisionAI platform and retinal cameras technology portfolio.
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