CB Scientific, Inc. Announces Exclusive Canadian Distribution Agreement
CB Scientific (OTCQB: CBSC) has announced an exclusive 5-year distribution agreement with Your Heart Protector Corp. in Canada. This agreement will allow Your Heart Protector to market CBSC's non-invasive cardiac monitoring products and provide related services. The partnership includes developing cloud-based software and mobile applications, as well as facilitating regulatory approvals for the myCam 1.1 device. CBSC is also working on obtaining FDA clearance for myCam 1.1 to expand its market reach. The company is committed to keeping investors updated on future developments.
- Exclusive 5-year distribution agreement with Your Heart Protector Corp. in Canada.
- Collaboration on developing localized cloud-based software and mobile apps.
- Plans to obtain FDA clearance for the myCam 1.1 device to expand market reach.
- None.
Your Heart Protector Corp. to market the Company's products and provide associated monitoring services throughout Canada
LAS VEGAS, NV / ACCESSWIRE / March 9, 2023 / CB Scientific. Inc. (OTCQB:CBSC) ("CBSC" or the "Company"), a designer, manufacturer, and distributor of non-invasive ambulatory cardiac monitoring products and services, today announced that it has finalized a comprehensive distribution agreement with newly formed Your Heart Protector Corp. based in Okotoks, Alberta, Canada. The exclusive, renewable 5-year contract provides for conducting marketing and distribution of products, as well as all associated monitoring services, all of which are expected to launch later this year.
"As with our other international distributors, the initial start-up process for Your Heart Protector Corp. involves our development of localized cloud-based acquisition software, customization of the associated iOS and Android smartphone apps, as well as assistance in facilitating the requisite regulatory approval for the myCam 1.1 product through the Medical Devices Directorate (MDD) in Canada," said Charles Martin, Chief Executive Officer of CB Scientific, Inc. "Based on completion of each of the various distributor onboarding tasks, and as soon as MDD clearance is granted, Your Heart Protector Corp. will be fully prepared to commence sales and marketing activities throughout Canada."
As previously announced, CBSC tendered a 510(k) "Clearance to Market" submission for its myCam 1.1 device to the U.S. Food and Drug Administration (FDA) early last fall and has consistently collaborated with the agency in a resolute manner to obtain timely Clearance to Market for the product. Upon FDA clearance, the company plans to commence marketing the device domestically, as well as continuing with its intent to market the device throughout a number of offshore markets where it has already established local business relationships.
As additional new developments occur, CB Scientific, Inc. plans to make timely announcements through press releases and regulatory filings to keep its shareholders, industry participants, and the public markets informed.
About CB Scientific, Inc.
CB Scientific, Inc., through its domestic and international subsidiaries, provides innovative products and services in the ambulatory non-invasive cardiac monitoring space. Our electrocardiogram (EKG) devices, interactive cloud-based acquisition software, and smartphone apps for both iOS and Android platforms provides improved compliance for patients at risk of abnormal heart rhythms, as well as more accurate information for physicians.
Company Contact Information:
Telephone: (888) 225-0870
Email: General Inquiries: info@cbscientificinc.com
Investor Inquiries: investor@cbscientificinc.com
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This information disclosure may contain forward-looking statements covered within the meaning of the Private Securities Litigation Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions, and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties, including, without limitation, the ability to obtain financing and regulatory and shareholder approval for anticipated actions.
SOURCE: CB Scientific, Inc.
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FAQ
What has CB Scientific announced regarding its distribution agreement in Canada?
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