Brain Scientific Signs Agreement with MVAP Medical Supplies to Go After Rapidly Growing Pediatric Neurodiagnostic Space

Rhea-AI Summary

Brain Scientific (OTCQB:BRSF) announces a new distribution agreement with MVAP Medical Supplies to enhance sales in the pediatric EEG market. The partnership aims to promote Brain Scientific's NeuroCap™, which simplifies EEG setup and improves patient comfort, addressing the needs of pediatric care. This collaboration follows recent partnerships with Fulcrum and D&D Medical, supporting Brain Scientific's goal of becoming a leader in the medical wearables sector. The company continues to innovate in neurology and precision motion technology.

Positive

• New distribution agreement with MVAP Medical Supplies focused on pediatric EEG market.
• NeuroCap™ aims to enhance patient comfort and reduce EEG setup times.
• Strategic partnerships with Fulcrum and D&D Medical bolster distribution efforts.

Negative

• None.

MVAP Medical Supplies’ Industry-Leading EEG Catalog and Distribution Network Continue Brain Scientific’s Push Forward with Its Easy-to-Use, Quick-to-Set-Up and Comfortable NeuroCap™ – a Winning Combination for Pediatric Patient Care

LAKEWOOD RANCH, Fla., Dec. 15, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- Brain Scientific (OTCQB:BRSF), a Florida-based applied science technology company, announces today a new distribution agreement with MVAP Medical Supplies to drive sales into the rapidly growing and underserved pediatric EEG marketplace.

“For pediatric EEGs, Brain Scientific’s innovative NeuroCap^TM – which shortens EEG setup times and provides staff and patients with more ease of use and comfort – is a perfect fit,” said Eric Jensen, CEO of MVAP Medical Supplies. “As anyone who has tried to get a child to sit still through an hourlong procedure knows, patient comfort and speed of application are paramount in the pediatric space. They’ve hit the sweet spot our customers have been looking for.”

MVAP Medical Supplies, an industry leader in the sleep, EEG, EMG, IOM, respiratory and patient care supplies space, will help Brain Scientific further expand its sales and distribution network to key growth markets as Brain Scientific continues to position itself as the leader in the quickly emerging medical wearables space.

“We designed the NeuroCap to be game-changing in the neurodiagnostic wearable space. It has critical applications in pediatrics, emergency and ICUs, at-home care and research,” said Hassan Kotob, CEO of Brain Scientific. “We are excited to have MVAP Medical Supplies with us on our journey to becoming the leading medical wearables provider on the planet.”

The signing of MVAP Medical Supplies comes on the heels of the addition of Fulcrum and D&D Medical, both aimed at expanding the reach of Brain Scientific’s wearable products into key strategic markets.

About Brain Scientific

Brain Scientific Inc. (brainscientific.com) is an applied sciences technology company with multiple patents and FDA-cleared products. Brain Scientific is committed to developing next-gen solutions that advance the future of medical and OEM devices. Brain Scientific has two product lines covering neurology and precision motion. The NeuroCap™ and NeuroEEG™ are smart neurological diagnostic devices that simplify administration, shorten scan time and cut costs. The Piezo Motion product line consists of ultra-efficient compact precision motors that will drive the next generation of OEM devices. To learn more about Brain Scientific's corporate strategy, products or investor relations, please visit brainscientific.com.

Forward-Looking Statements

Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements. Forward-looking statements may include, without limitation, statements regarding (i) the plans and objectives of management for future operations, including plans or objectives relating to the design, development and commercialization of EEG products and services and piezo motor technology; (ii) a projection of income (including income/loss), earnings (including earnings/loss) per share, capital expenditures, dividends, capital structure or other financial items; (iii) the company's future financial performance; (iv) the successful integration of Piezo Motion with and into Brain Scientific; and (v) the assumptions underlying or relating to any statement described in points (i), (ii), (iii) or (iv) above. Such forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances and may not be realized because they are based upon the company's current projections, plans, objectives, beliefs, expectations, estimates and assumptions and are subject to a number of risks and uncertainties and other influences, over many of which the company has no control. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties. Factors that may influence or contribute to the inaccuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation, the company's inability to obtain additional financing; the significant length of time and resources associated with the development of products and related insufficient cash flows and resulting illiquidity; the company's inability to expand its business; significant government regulation of medical devices and the healthcare industry; lack of product diversification; volatility in the price of the company's raw materials; and the failure to implement the company's business plans or strategies. Some of these and other factors are identified and described in more detail in the company's filings with the SEC. The company does not undertake to update these forward-looking statements.

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FAQ

What is the latest partnership announced by Brain Scientific (BRSF)?

Brain Scientific announced a new distribution agreement with MVAP Medical Supplies to enhance sales in the pediatric EEG market.

How does the NeuroCap™ benefit pediatric patient care?

The NeuroCap™ simplifies EEG setup and improves comfort for pediatric patients, addressing challenges during procedures.

What other partnerships has Brain Scientific (BRSF) formed recently?

Brain Scientific has also formed partnerships with Fulcrum and D&D Medical to expand its distribution network.

What market is Brain Scientific targeting with its new distribution agreement?

Brain Scientific is targeting the rapidly growing pediatric EEG market with its new agreement.

What products does Brain Scientific (BRSF) focus on?

Brain Scientific focuses on innovative medical wearables, particularly in neurology and precision motion technology.