MVAP Medical Supplies Submits Major Order for NeuroCaps, Sees Huge Opportunity in Pediatrics

[:en]Child MVAP Order PR Image[:]

MVAP Medical Supplies Submits Major Order for NeuroCaps, Sees Huge Opportunity in Pediatrics

NeuroCapTM is the right combination of performance and ease of use for better patient care – especially for pediatric neurodiagnostic applications.

LAKEWOOD RANCH, Fla., Feb 16, 2023 (GLOBE NEWSWIRE) -- via InvestorWire -- –– Brain Scientific (OTCQB:BRSFD), a Florida-based applied science technology company, announces today that it has received a major order for NeuroCaps from MVAP Medical Supplies.

“Brain Scientific has got it right,” said Eric Jensen, CEO of MVAP Medical Supplies, Inc. “Their NeuroCap is the product our customers have been waiting for. Its ease of use and simplicity coupled with high performance and quality make it a winner to us.”

MVAP Medical Supplies, an industry leader in the sleep, EEG, EMG, IOM, respiratory and patient care supplies space, will help Brain Scientific further expand its sales and distribution network to key growth markets as Brain Scientific continues to position itself as the leader in the quickly emerging medical wearables space.

“We always knew that our NeuroCap was a game changer for neurology, especially when it comes to putting children through an EEG test,” said Hassan Kotob, CEO of Brain Scientific. “We’re thrilled to see the market embracing our solution and look forward to a great partnership with MVAP Medical Supplies.”

About Brain Scientific

Brain Scientific Inc. (brainscientific.com) is an applied sciences technology company with multiple patents and FDA-cleared products. Brain Scientific is committed to developing next-gen solutions that advance the future of medical and OEM devices. Brain Scientific has two product lines covering neurology and precision motion. The NeuroCap™ and NeuroEEG™ are smart neurological diagnostic devices that simplify administration, shorten scan time and cut costs. The Piezo Motion product line consists of ultra-efficient compact precision motors that will drive the next generation of OEM devices. To learn more about Brain Scientific's corporate strategy, products or investor relations, please visit brainscientific.com.

Forward-Looking Statements

Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements. Forward-looking statements may include, without limitation, statements regarding (i) the plans and objectives of management for future operations, including plans or objectives relating to the design, development and commercialization of EEG products and services and piezo motor technology; (ii) a projection of income (including income/loss), earnings (including earnings/loss) per share, capital expenditures, dividends, capital structure or other financial items; (iii) the company's future financial performance; (iv) the successful integration of Piezo Motion with and into Brain Scientific; and (v) the assumptions underlying or relating to any statement described in points (i), (ii), (iii) or (iv) above. Such forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances and may not be realized because they are based upon the company's current projections, plans, objectives, beliefs, expectations, estimates and assumptions and are subject to a number of risks and uncertainties and other influences, over many of which the company has no control. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties. Factors that may influence or contribute to the inaccuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation, the company's inability to obtain additional financing; the significant length of time and resources associated with the development of products and related insufficient cash flows and resulting illiquidity; the company's inability to expand its business; significant government regulation of medical devices and the healthcare industry; lack of product diversification; volatility in the price of the company's raw materials; and the failure to implement the company's business plans or strategies. Some of these and other factors are identified and described in more detail in the company's filings with the SEC. The company does not undertake to update these forward-looking statements.

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