Inspira™ Launches INSPIRA™ ART100 at the World's Largest Extracorporeal Life Support Conference

Rhea-AI Summary

Inspira™ Technologies OXY B.H.N. (Nasdaq: IINN, IINNW) is set to showcase its latest innovations at the 34th Annual Extracorporeal Life Support Organization (ELSO) Conference in Detroit, Michigan, from September 29-30, 2024. The company will present its FDA-cleared INSPIRA™ ART100 system, which is ready for deployment in the U.S. market.

Attendees will have the opportunity to experience interactive demonstrations and presentations of Inspira's technologies. The company's U.S. sales team, led by chief distributor Glo-Med Networks Inc., will be present at booth #18 to discuss the potential impact of these innovations on patient care. Key personnel, including VP of Product Tomer Carmeli, Medical Director Dr. Dekel Stavi, and CTO Dr. Daniella Yeheskely-Hayon, will be available to address questions and showcase the INSPIRA™ ART100 system's features and advantages.

Positive

• FDA clearance for the INSPIRA™ ART100 system
• Imminent deployment of the INSPIRA™ ART100 system in the U.S. market
• Presentation of latest technologies at a major industry conference
• Partnership with Glo-Med Networks Inc. for U.S. distribution and sales

Negative

• None.

Insights

Medical Device Expert

The launch of the INSPIRA™ ART100 system at the ELSO Conference marks a significant milestone for Inspira Technologies. This FDA-cleared extracorporeal blood circulation device could potentially revolutionize patient care in critical conditions. The presence of key personnel, including the Medical Director and CTO, indicates the company's commitment to engaging with healthcare professionals and showcasing their technology's capabilities.

However, while the product launch is noteworthy, the article lacks specific details about the ART100's features, competitive advantages, or market potential. Without this information, it's challenging to assess the immediate financial impact on Inspira Technologies. The company's small market cap of $22.9 million suggests it's still in a growth phase and the success of this product could be important for its future.

Investors should monitor post-conference updates for information on initial orders, partnerships with hospitals, or revenue projections. The collaboration with Glo-Med Networks for U.S. distribution is positive, but its impact on sales and market penetration remains to be seen. Overall, while promising, more concrete data is needed to fully evaluate the potential impact on Inspira's stock value and market position.

RA'ANANA, Israel, Sept. 24, 2024 /PRNewswire/ -- Inspira™ Technologies OXY B.H.N. Ltd. (Nasdaq: IINN, IINNW), ("Inspira Technologies", "Inspira", or the "Company") a breakthrough medical technology company, is poised to make a significant impact at the 34th Annual Extracorporeal Life Support Organization (ELSO) Conference in Detroit, Michigan, on the 29^th to the 30^th of September 2024. The Company will be presenting its latest and future technologies, underscoring its commitment to innovation and excellence in the field of extracorporeal blood circulation technologies.

During the conference, attendees will have the opportunity to engage in interactive demonstrations and presentations, giving physicians and perfusionists a hands-on experience of the Company's latest innovations, highlighting key design features and advantages of the U.S. Food & Drug Administration-cleared INSPIRA™ ART100 system to be deployed to the U.S. market. The U.S sales team and the VP of Product, Mr. Tomer Carmeli together with the company's team of professionals, including our Medical Director, Dr. Dekel Stavi, MD and our CTO, Dr. Daniella Yeheskely-Hayon PhD, will be available to address questions and discuss the potential impact of these innovations on patient care.

Join us at booth #18 to see the INSPIRA™ ART100 system and to meet in person with the Inspira U.S. local sales team, led by Glo-Med Networks Inc. ("Glo-Med"), Inspira's chief distributor, head of sales and after-market service provider in the U.S., which will support the U.S. rollout, ensuring that leading hospitals and medical centers have immediate access to this breakthrough technology.

About ELSO

The Extracorporeal Life Support Organization (ELSO) is an international nonprofit consortium of healthcare institutions, researchers, and industry partners. The organization provides support to those delivering extracorporeal life support through continuing education, guidelines, original research, publications, and a comprehensive registry of extracorporeal membrane oxygenation (ECMO) patient data. ECMO clinicians, research scientists, and members of regulatory and public health institutions are eligible for membership in ELSO. There are currently over 20,000 users and center members from over 50 countries. Memberships allows physicians, nurses, perfusionists, respiratory therapists, researchers and other healthcare professionals to become more directly involved in the world's largest ECMO community.

Inspira Technologies OXY B.H.N. Ltd.

Inspira™ Technologies is an innovative medical technology company in the respiratory treatment arena. The Company has developed a breakthrough Augmented Respiration Technology (INSPIRA™ ART), with adaptive blood monitoring and blood oxygenation technology designed to rebalance patient oxygen saturation levels. This technology potentially allows patients to remain awake during treatment while reducing the need for highly invasive, risky, and costly mechanical ventilation systems that require intubation and medically induced coma. Equipped with HYLA™ real-time continuous blood monitoring technology, the system instantly detects changes in patient conditions, empowering physicians in making informed decisions.

The Company's INSPIRA™ ART100 system has obtained FDA 510(k) clearance for use in Cardiopulmonary Bypass procedures, along with the Israeli AMAR certification for both Extra-Corporeal Membrane Oxygenation and Cardiopulmonary Bypass procedures.

The Company's other products, including the INSPIRA™ ART also known as the INSPIRA™ ART500 or Gen 2, the INSPIRA™ Cardi-ART portable modular device and HYLA™ blood sensor, are currently being designed and developed, and have not yet been tested or used in humans and have not been approved by any regulatory entity.

For more information, please visit our corporate website: https://inspira-technologies.com

Forward-Looking Statement Disclaimer

This press release contains express or implied forward-looking statements pursuant to U.S. Federal securities laws. These forward-looking statements and their implications are based on the current expectations of the management of the Company only and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. For example, the Company is using forward-looking statements when it discusses the upcoming ELSO conference and the potential benefits of its products. These forward-looking statements and their implications are based solely on the current expectations of the Company's management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Except as otherwise required by law, the Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading "Risk Factors" in the Company's annual report on Form 20-F for the fiscal year ended December 31, 2023 filed with the U.S. Securities and Exchange Commission (the "SEC"), which is available on the SEC's website, www.sec.gov

For more details:

Inspira Technologies – Media Relations
Email: info@inspirao2.com
Phone: +972-9-9664485
Copyright © 2018-2024 Inspira Technologies OXY B.H.N. LTD., All rights reserved.

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SOURCE Inspira Technologies

FAQ

What is Inspira Technologies showcasing at the 34th Annual ELSO Conference?

Inspira Technologies is showcasing its FDA-cleared INSPIRA™ ART100 system and other latest technologies at the conference, offering interactive demonstrations and presentations.

When and where is Inspira Technologies (IINN) presenting at the ELSO Conference?

Inspira Technologies (IINN) is presenting at the 34th Annual ELSO Conference in Detroit, Michigan, from September 29-30, 2024.

Who will be representing Inspira Technologies (IINN) at the ELSO Conference?

Inspira's U.S. sales team, VP of Product Tomer Carmeli, Medical Director Dr. Dekel Stavi, and CTO Dr. Daniella Yeheskely-Hayon will be representing the company at the conference.

What is the booth number for Inspira Technologies (IINN) at the ELSO Conference?

Inspira Technologies (IINN) will be located at booth #18 at the ELSO Conference.