InnerScope Hearing Technologies (OTC: INND), an emerging and disruptive leader in the direct-to-consumer (“DTC”) hearing technology space, appears poised to disrupt the traditional hearing technology market by making affordable hearing aid technology accessible for affected patients across America and potentially beyond. Hearing loss is a growing problem affecting a significant number of Americans – around 16% of adults in the U.S. have hearing issues. But since hearing aids are so expensive — going for over $5,000 per pair, on average — only 14% of patients can afford them. The problem recently prompted an executive order from President Biden to make hearing aids more affordable and available over the counter without any prior medical evaluation. “Today, many patients are unaware that direct-to-consumer hearing aids are available online without any medical evaluation — and InnerScope is poised to get this message out as a company offering affordable and timely hearing aid solutions to patients across the U.S.,” reads a recent article. “Poised to shift hearing health care from expensive traditional brick-and-mortar hearing care clinics to consumers’ homes, InnerScope targets a sizable market that includes 70 million patients with hearing-related problems across North America.”
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About InnerScope Hearing Technologies Inc.
InnerScope is a manufacturer, distributor and retailer of direct-to-consumer (“DTC”) U.S. Food and Drug Administration (“FDA”)-registered, Bluetooth app-controlled personal sound amplifier products (“PSAPs”), hearing-related treatment therapies, doctor-formulated dietary hearing and tinnitus supplements, and hearing and health-related products targeting primarily the 48 million Americans suffering from hearing-related issues. The company’s overall mission is to improve the quality of life of the 70 million people in North America and 1.5 billion people worldwide who suffer from some form of hearing loss. The management team of InnerScope is applying decades of industry experience and believes it is well-positioned with its affordable Bluetooth app-controlled self-adjusting hearing technology (visit myHearIQ.com) and its innovative in-store sales and delivery system with its point-of-sale free self-check hearing screening kiosks (“Hearing Kiosks”) to directly benefit when the Over-the-Counter (“OTC”) Hearing Aid Act becomes enacted (expected late 2021 based on the president’s executive order issued on July 9, 2021). The OTC Hearing Aid Law allows OTC hearing aids for perceived mild to moderate hearing loss to be sold in retail stores without seeing a professional or having a medical evaluation. The Hearing Kiosk is designed to enable the tens of millions of people with undetected or untreated mild to moderate hearing loss to treat themselves with the company’s easy, convenient and affordable (see InnerScope’s Hearing Health Flexible Subscription Plans) OTC hearing aids in-store, off the shelf and/or by DTC online affordable hearing aid options. 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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