Biotricity Releases Another Groundbreaking Product: Biotres Pro

Rhea-AI Summary

Biotricity Inc. announces the expansion of its Biotres product platform with the introduction of Biotres Pro, which includes cellular backup for offline connectivity. The company has also filed a patent application for its cutting-edge 3 channel technology. With the addition of Biotres Pro, Biotricity now has the most comprehensive remote cardiac monitoring portfolio in the market.

Positive

• The introduction of Biotres Pro with cellular backup enhances the benefits of the Biotres product platform.
• The filing of a patent application for the 3 channel technology protects Biotricity's innovative solution.
• Biotricity now has the most comprehensive remote cardiac monitoring portfolio globally.

Negative

• None.

• Company further expands its current product portfolio, making it the most comprehensive Remote Patient and Cardiac Monitoring portfolio globally.
• Company developed Biotres Pro with critical capability of cellular backup for connectivity
• Recently filed a patent application for its Biotres device as it seeks to redefine the cardiac care landscape

REDWOOD CITY, CA / ACCESSWIRE / October 31, 2023 / Biotricity Inc. (NASDAQ:BTCY) ("Biotricity" or the "Company"), a leading medical diagnostic and consumer healthcare technology company, today announced their expansion of the current Biotres product platform. The new product, known as Biotres Pro, adds cellular backup for offline connectivity in addition to the existing unique feature set. Biotres has been a game-changing product to the cardiac health market since its release. Biotres Pro continues this trend and establishes Biotricity's product portfolio as the most comprehensive remote cardiac monitoring product portfolio globally.

Biotres is a unique innovative ECG cardiac monitoring device that provides 3 channels of continuous ECG data. The device offers physicians enhanced accuracy into heart health. The company recently filed a patent application to protect its cutting edge 3 channel technology, which is a significant step forward in compact devices.

Biotricity has now taken it a step further with the new addition of Biotres Pro, another version of Biotres that combines cutting edge 3 channel technology with cellular backup for those with little connectivity, minimal access to a cellphone, or simply experience trouble connecting the device. The cellular capability of Biotres Pro ensures that the device will continue to offload data in instances of minimal connectivity. This is a groundbreaking solution as current compact devices only have 1 to 2 channels and are limited in or lack connectivity.

Dr. Waqaas Al-Siddiq, Biotricity Founder and CEO, commented, "Our 3-channel technology is essential for preventative and comprehensive cardiac care. Continuously offloading data is a top priority for the medical industry and our proactive approach has already proven to be a powerful tool for both patients and healthcare providers in enhancing cardiac care. This marks a significant leap forward as our Biotres Pro offline data storage establishes it as the leading solution for cardiac monitoring. With the addition of Biotres Pro, Biotricity now has the most comprehensive remote cardiac monitoring portfolio in the market."

Biotres offers up to 30 days of recording and automated data offloading while connected wirelessly, but the addition of Biotres Pro's innovative cellular connectivity elevates the benefits that the device provides for cardiac patients, removing any delays in data retrieval that may have occurred due to low connectivity before this addition.

To learn more about the groundbreaking solutions in cardiac care that Biotres and Biotres Pro provide, amongst other cardiac solutions, and to purchase Biotres, visit www.biotricity.com.

About Biotricity Inc.

Biotricity is reforming the healthcare market by bridging the gap in remote monitoring and chronic care management. Doctors and patients trust Biotricity's unparalleled standard for preventive & personal care, including diagnostic and post-diagnostic solutions for chronic conditions. The company develops comprehensive remote health monitoring solutions for the medical and consumer markets. To learn more, visit www.biotricity.com.

Important Cautions Regarding Forward-Looking Statements

Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements. Forward-looking statements, which involve assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the words "may," "should," "would," "will," "could," "scheduled," "expect," "anticipate," "estimate," "believe," "intend," "seek," "project," or "goal" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements may include, without limitation, statements regarding (i) the plans, objectives and goals of management for future operations, including plans, objectives or goals relating to the design, development and commercialization of Bioflux or any of the Company's other proposed products or services, (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 regulatory regime in which the Company operates or intends to operate 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, many of which the Company has no control over. 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 its products and related insufficient cash flows and resulting illiquidity, the Company's inability to expand the Company's business, significant government regulation of medical devices and the healthcare industry, lack of product diversification, existing or increased competition, results of arbitration and litigation, stock volatility and illiquidity, and the Company's failure to implement the Company's business plans or strategies. These and other factors are identified and described in more detail in the Company's filings with the SEC. There cannot be any assurance that the Company will ever become profitable.

CONTACTS

Investor Relations
Biotricity Investor Relations
Investors@biotricity.com

SOURCE: Biotricity, Inc.

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FAQ

What is the new product introduced by Biotricity?

The new product introduced by Biotricity is Biotres Pro, which includes cellular backup for offline connectivity.

What unique feature does Biotres offer?

Biotres offers 3 channels of continuous ECG data, providing enhanced accuracy into heart health.

What is the significance of the patent application filed by Biotricity?

The patent application protects Biotricity's cutting-edge 3 channel technology, ensuring its uniqueness in the market.

How does Biotres Pro address connectivity issues?

Biotres Pro's cellular backup ensures data offloading even in instances of minimal connectivity, making it a groundbreaking solution.

What is the benefit of Biotres Pro's cellular connectivity?

Biotres Pro's cellular connectivity eliminates delays in data retrieval due to low connectivity, providing a seamless experience for cardiac patients.