InnerScope Hearing Technologies (OTC: INND), an emerging and disruptive leader in the direct-to-consumer (“DTC”) hearing technology space, recently acquired all assets and operations of iHEAR Medical Inc., a venture-backed pioneer in online direct-to-consumer hearing solutions. INND expects the acquisition to expand and solidify its position as the emerging leader in the market of direct-to-consumer and over-the-counter hearing products. In addition, the acquisition offers InnerScope access to over 40 patents in hearing technology, brings world-class innovation and helps the company broaden its product offering. iHEAR, which has demonstrated a track record of bringing novel hearing solutions to the market, boasts a team that holds more than 100 patents in miniature hearing electronics and medical devices. Following the acquisition, InnerScope has ambitious plans for the future. A recent article quotes Matthew Moore, president and CEO of InnerScope, as saying, “Leveraging the renowned R&D talents of iHEAR Medical, InnerScope plans to develop next-generation hearing products incorporating artificial intelligence (‘AI’), advanced sound processing for improved hearing in noise environments and seamless wireless connectivity to internet-of-things (“IoT”) devices.”
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About InnerScope Hearing Technologies Inc.
InnerScope is a leading manufacturer and distributor of FDA-registered hearing products and personal sound amplifier products (“PSAPs”), dedicated to addressing the global demand for affordable hearing solutions. InnerScope’s products and business model break through the persistent barriers that prevent access to effective hearing solutions. With its recent acquisition of iHEAR Medical, InnerScope is poised to expand its leadership in the direct-to-consumer hearing solutions market with innovative hearing products offered to consumers at a fraction of the cost of conventional hearing aids sold in hearing aid centers. For more information about the company, visit www.INND.com.
NOTE TO INVESTORS: The latest news and updates relating to INND are available in the company’s newsroom at https://ibn.fm/INND
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