BINOVI TECHNOLOGIES CORP - BNVIF STOCK NEWS

Binovi Technologies Corp. (TSXV:VISN, OTCQB:BNVIF) announced its focus on delivering optometrist-led vision screening solutions for K-12 students. The company aims to enhance reading skills through its acquired vision screening software, VERA, and complementary therapy modules. Binovi emphasizes the education sector's potential, with the market projected to rise from US$12.7 billion in 2021 to US$25.2 billion by 2026. A study led by Dr. Sandra Stoddard will assess the Binovi Platform's academic benefits, particularly reading proficiency, thereby paving the way for broader implementation in education.

Binovi Technologies Corp. (TSXV:VISN)(OTCQB:BNVIF) has launched the Binovi Touch Elite, an advanced neuro-visual technology device aimed at enhancing cognitive performance training. This next-generation product incorporates customer feedback and new manufacturing processes for better portability and design. It offers the same software performance as its predecessor while targeting diverse markets, including sports and at-home fitness. The device is available for pre-order at $4,595 or a promotional bundle at $6,892. The company continues to innovate in vision therapy with additional product developments.

Binovi Technologies Corp. (OTCQB: BNVIF) announced the upcoming launch of Binovi Connect, a platform designed to improve access to optometry professionals and enhance cognitive performance through visual skills training. The platform will offer personalized insights and action plans, integrating advanced technology to deliver measurable results efficiently. With plans to collaborate with global vision therapy providers, Binovi Connect aims to expand its user base across various industries. This initiative emphasizes the growing demand for technology-driven healthcare solutions.

Binovi Technologies Corp. has announced the integration of Computer Aided Vision Therapy (CAVT) and Visual Efficiency Rating Assessment (VERA) with its Binovi-Connect platform. This integration aims to enhance reading skills among K-12 students by allowing educators and vision care specialists to collaborate more effectively. VERA identifies common vision issues affecting reading, and CAVT provides exercises to improve relevant skills. The initiative seeks to address reading difficulties, particularly in early education, which can have long-term societal impacts.

Binovi Technologies Corp. announced a 24% year-over-year revenue growth despite COVID-19 challenges. The company plans to establish operations in the U.S., where 80% of its revenues originate, enhancing access to educational grants and project opportunities. Tania Archer has been appointed Interim COO, focusing on internal reorganization to improve sales efforts. Additionally, Binovi's upcoming educational research aims to demonstrate the positive impacts of its technology on students' learning abilities, particularly reading proficiency. New product launches and an integrated platform position Binovi for further growth.

Binovi Technologies Corp. has completed the acquisition of Samurai Motion Tracking Software for CAD$2,516,000, issuing 31,450,000 common shares. This acquisition enhances Binovi's education platform by integrating Computer Aided Vision Therapy (CAVT), which includes 12 therapy procedures, into its existing system. This will help diagnose and train K-12 students with visual issues affecting reading skills. The CAVT technology is aimed at addressing a significant market need, as one in four people experience visual difficulties beyond acuity.

Binovi Technologies Corp. (OTCQB:BNVIF) announced its acquisition of Samurai Motion Tracking Corp. for CDN$2,516,000 through the issuance of 31,450,000 common shares at CDN$0.08 each. This acquisition aims to enhance Binovi's technology offerings within its SaaS platform, especially for K-12 education. The Computer Aided Vision Therapy (CAVT) software developed by Samurai includes tools for improving eye tracking and visual processing skills. The transaction awaits TSX Venture Exchange approval.

Binovi Technologies Corp. has expanded its global reseller network by partnering with Sport-Orthèse, enhancing its business model in Europe. This partnership aims to optimize revenue opportunities and strengthen customer relations by offering localized support. Binovi continues to work with existing US partner Bernell Corporation while focusing on best-in-class product innovations. The company's neuro-visual performance platform is already utilized in over 20 countries, promoting cognitive performance in various sectors.

Binovi Technologies Corp. has announced the launch of Binovi Connect, a web-based video conferencing solution designed to enhance telehealth for vision care. This innovative platform aims to optimize the provider network of over 800 registered professionals, making vision care and cognitive training accessible globally. With over $6M invested in development, Binovi aims to reach the 50 million K-12 students in North America. The app will support remote assessments, therapy, and training while enhancing user experience. A beta launch is expected in fiscal Q1 2021.