Welcome to our dedicated page for Innerscope Hear news (Ticker: INND), a resource for investors and traders seeking the latest updates and insights on Innerscope Hear stock.
InnerScope Hearing Technologies, Inc. (INND) is a technology-driven company based in Roseville, California, offering scalable B2B and B2C solutions. The company provides a B2B SAAS-based Patient Management System software program that improves operations and communication with patients. They also offer a buying group experience for audiology practices to lower product costs and increase margins. INND competes in the Direct-to-Consumer markets with 'hearable,' 'wearable,' personal sound amplification products (PSAP). Revolutionary apps on iOS and Android markets cater exclusively to the hearing impairment population globally, tapping into a vast untapped market created by the recent OTC (Over-the-Counter) hearing aids ruling.
InnerScope Hearing Technologies Inc. (OTC: INND) announces CEO Matthew Moore will present at the Emerging Growth Conference on January 5, 2022, from 3:00 to 3:30 PM EST. This interactive online event allows investors to engage with Moore in real-time. Key highlights of the presentation will include InnerScope's recent acquisitions of iHear Medical Inc. and HearingAssist LLC, focusing on their innovative hearing products and patent portfolio. Attendees can register through a provided link and access an archived webcast post-event.
InnerScope Hearing Technologies (OTC: INND) announced that its subsidiary, HearingAssist, secured purchase orders exceeding $277,000 from Walmart for the EZ-Hear Neckband Bluetooth Hearing Amplifier. This product will be featured in 757 Walmart stores across Texas, North Carolina, Tennessee, Colorado, and Arizona. Enhanced production is underway to meet demand, with expectations of continued sales growth in Q4 2021 and a strong trajectory into 2022. The EZ-Hear's features include hands-free calling and music streaming. InnerScope is positioning itself as a leader in affordable hearing solutions.
InnerScope Hearing Technologies has partnered with Giant Eagle to offer free hearing screenings through automated self-check kiosks at select locations in Pennsylvania and Ohio. This initiative aims to assist the 48 million Americans with hearing loss by providing convenient access to screenings and information about hearing health. The kiosks will be located in Giant Eagle pharmacies, allowing users to check their hearing in about 3 to 5 minutes and receive results via email. InnerScope will also provide affordable hearing aids for in-store and online purchase.
InnerScope Hearing Technologies Inc. (OTC: INND) has acquired Hearing Assist II, LLC, Walmart's largest hearing aid supplier, for a total purchase price of $10 million in restricted common stock. This strategic acquisition is expected to significantly boost InnerScope's revenues, with an anticipated record sales performance starting in Q4 2021. Hearing Assist has sold over 500,000 hearing aids since 2018 and generated more than $72 million in revenue. The acquisition enhances InnerScope's distribution network and marketing efforts, aligning with its goal to lead the direct-to-consumer hearing aid market.
InnerScope Hearing Technologies (OTC: INND) has partnered with Food City Pharmacy to deploy automated self-check hearing screening kiosks in three locations in Virginia and Tennessee. This initiative, launched in mid-October, aims to promote hearing health awareness among the estimated 48 million Americans with hearing loss. Each kiosk offers free screenings and is part of a broader strategy to enhance accessibility to affordable hearing solutions. Additional kiosks are planned, and Food City intends to offer InnerScope's hearing aids and products both in-store and online soon.
InnerScope Hearing Technologies (OTC: INND) announced a partnership with Atlazo Inc. to develop innovative smart hearing devices, leveraging Atlazo's AI hardware platform. This collaboration aims to enhance user experience through features like voice commands and continuous health monitoring. The products will feature an ultra-low power System-on-Chip, reducing costs and time-to-market for manufacturers. With over 12 patents protecting their technology, InnerScope plans to dominate the direct-to-consumer hearing device market, especially following recent FDA regulations enhancing accessibility.
InnerScope Hearing Technologies (OTC: INND) has partnered with Hartig Drug Company to deploy automated self-check hearing screening kiosks in three locations in Iowa, Illinois, and Wisconsin. The kiosks, installed in mid-October, aim to enhance hearing health awareness and provide free screenings, catering to the approximately 48 million Americans with hearing loss. InnerScope plans to expand kiosk deployment and offer direct-to-consumer hearing aids and related products to improve access to affordable hearing solutions.
InnerScope Hearing Technologies Inc. (OTC: INND), based in Roseville, California, announced that President and CEO Matthew Moore will present live at VirtualInvestorConferences.com on November 4, 2021, at 4 PM EST. This interactive online event allows investors to ask questions in real-time, with an archived webcast available post-event. Investors are encouraged to pre-register and perform a system check for smoother access. InnerScope focuses on affordable hearing solutions, especially following recent acquisitions to expand its product offerings.
InnerScope Hearing Technologies (OTC: INND) announced its intent to acquire 100% of Hearing Assist II LLC via a Letter of Intent signed on October 19, 2021, with a target closing date of November 15, 2021. Hearing Assist has sold over 500,000 hearing aids, generating $72 million in revenue through July 2021 and serving almost 400,000 customers across 757 Walmart stores. This acquisition aims to strengthen InnerScope's market position in the direct-to-consumer hearing aid sector, with projected revenue exceeding $150 million by 2024.
InnerScope Hearing Technologies has appointed Adnan Shennib as its new Chief Technology Officer (CTO), effective immediately. Shennib brings over 30 years of experience in the hearing sector, having worked with major manufacturers like ReSound and founded iHEAR Medical. His innovations include the Lyric® hearing device and the iHEARtest™, the only FDA-cleared home hearing test. InnerScope's recent acquisition of iHEAR positions the company as a leader in direct-to-consumer and over-the-counter hearing products, aiming to develop new devices for tech-savvy consumers.
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