Binovi Transforming K-12 Global Education Through Guided Classroom Technology Resources

Rhea-AI Summary

Binovi Technologies Corp. (OTCQB: BNVIF) announces its expansion into the pre-K-12 education sector, aiming to enhance cognitive literacy skills through technology-driven vision training. The company plans to leverage its Binovi Platform to provide early intervention for students with vision issues, potentially impacting literacy rates and educational outcomes. With about 15,000 schools in Canada and over 130,000 in the USA, Binovi's revenue model projects earnings of $50k to $100k per school. This initiative aligns with the company’s goal to improve educational experiences and outcomes.

Positive

• Expansion into the pre-K-12 education sector opens new revenue streams.
• Potential annual revenue of $50k to $100k per school increases financial forecasts.
• Aims to address vision-related learning disabilities, enhancing educational outcomes.

Negative

• None.

TORONTO, NY / ACCESSWIRE / August 11, 2020 / Binovi Technologies Corp., (Binovi) (TSX-V:VISN) (OTCQB:BNVIF), a leader in neuro-vision performance technology, announces its strategic expansion into pre-K-12 Education. The expansion is in stride with the Company's "Global and Noble" initiatives directed towards accelerating the development of reading fundamentals. Cognitive literacy skills for students of all abilities from pre-K to grade 3, with continued reading comprehension activities to grade 12, will be advanced through technology-driven vision training protocols. The company is positioned to leverage the flexibility of the Binovi Platform and empower students and teachers globally in this new post COVID-19 world.

"Expanding our Binovi vision therapy technology into the field of education is the most exciting development I have seen. Research has already proven that binocular vision problems can interfere with a student's ability to read. In fact, 80% of children diagnosed with a learning disability meet the criteria for visual accommodation and vergence problems. Knowing this, our Binovi Platform has been designed to provide early-intervention vision therapy activities to help increase reading abilities by grade three, which is the strongest predictor of high school completion and other positive life outcomes. If we can integrate our Binovi platform into the school system and have it accessible to all children as early as kindergarten, the impact of being able to detect and remediate early vision deficits, that are impeding children's ability to read successfully by grade 3, could be a game changer," said Terry Both, Executive Chairman, Binovi Technologies

The global education smart technology industry is growing significantly with abundant opportunities. North America plays a huge role in the development of this technology, which helps in the adoption of new learning solutions across various end-user segments. The goal of Binovi is to provide the global education sector with the best vision assessment and development tools to assist students to achieve all that they are capable. New learning opportunities are emerging as students engage with a new generation of smart technology; with smart classrooms becoming the norm, students have instant access to performance and cognitive tools that can supplement their learning success.

There is approximately 15,000 k-12 schools within Canada and over 130,000 schools within the USA. Binovi hopes to penetrate this North American education sector with our product offering and for each school we are able to license the revenue would be approximately $50k to 100k per school based upon our current pricing structure.

"Vision extends well beyond the realm of eyesight and is a fundamental component of cognition. Educators assume that each child enters the educational system with adequate visual abilities, but all too often that is not the case. Binovi technology is poised to help level the playing field among students," commented Dr. Leonard Press, Chief Scientific Officer, Binovi Technologies

Blending personalized, online, student-driven instruction with offline, teacher-delivered lessons and activities, Binovi strives to accelerate the development of both fundamental literacy skills and higher-order thinking skills through adaptive learning paths. With a range of instructional and motivating resources, Binovi for Education will engage students in their learning success. Additionally, progress monitoring, actionable data, and scripted lessons will empower teachers to deliver literacy support specific to each students' needs.

"The final frontiers in technology evolution is how these advancements can impact Healthcare and Education. We are now seeing these changes in real-time and look forward to becoming a global leader in the field of Education," commented Adam Cegielski, CEO, Binovi Technologies

For additional information on the Company, please visit https://www.binovi.com/investor-reports/

About Binovi Technologies Corp.

Binovi is a best-in-class neuro-visual performance platform designed to test, analyze, track, and report on individual cognitive performance. Binovi combines hardware, software, specialized expert knowledge, and unique data insights to deliver customized, one-on-one training and learning protocols ideal for K-12 Students, Vision Care Specialists, and Sports Performance testing and training. Designed for vision optimization and the enhancement of skills related to cognitive performance, Binovi provides measurable results in less time, and with less effort. Binovi is currently used in over 1,500 locations across 20 countries.

Terry Booth
Executive Chairman

Adam Cegielski
Founder | CEO

Dr. Leonard Press OD, FAAO, FCOVD
Chief Scientific Officer

Investor Relations
Email: invest@binovi.com
Toll-free: 1 (844) 866-6162
https://www.binovi.com/investor-reports/

Forward looking information:

Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains regulatory approval. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, that occurrences such as those referred to above are realized and result in delays, or cessation in planned work, that the Company's financial condition and development plans change, and delays in regulatory approval, as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com . The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Binovi Technologies Corp.

View source version on accesswire.com:
https://www.accesswire.com/601213/Binovi-Transforming-K-12-Global-Education-Through-Guided-Classroom-Technology-Resources

FAQ

What is Binovi Technologies' new initiative in education?

Binovi Technologies is expanding into the pre-K-12 education sector with its vision therapy technology to improve cognitive literacy skills.

How much revenue does Binovi expect from schools?

Binovi anticipates approximately $50k to $100k in revenue per school licensed under their new educational initiative.

Which demographic is targeted by Binovi's new educational program?

The program focuses on students from pre-K through grade 12, particularly those with vision-related learning disabilities.

What is the stock symbol for Binovi Technologies?

The stock symbol for Binovi Technologies is BNVIF, traded on the OTCQB.

How does Binovi plan to integrate its technology into schools?

Binovi plans to provide its platform through licensing agreements with schools, facilitating access to early-intervention vision therapy.