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NEW YORK, June 17, 2020 (GLOBE NEWSWIRE) — Academician Scientific Inc. (OTC: BRSF), a neurology-focused medical accessory and software company, wishes to amend shareholders on capacity accompanying to the bartering barrage of its wholly-owned accessory Memory MD’s NeuroCap™, hospital-grade, disposable, preconfigured EEG headset.

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To abode accepted acute appeal for disposable medical articles brought on by the COVID-19 pandemic, Academician Scientific is fast-tracking accomplish appropriate for expedited commercialization of its FDA austere NeuroCap, single-use, disposable EEG headset.

During the added division of 2020, three hospitals in New York City, Texas and New England auspiciously completed antecedent testing of the NeuroCap. Based on the antecedent results, these institutions placed expanded, non-commercial orders for added units.

Assuming acknowledged commercialization, the Aggregation estimates abeyant anniversary acquirement of up to about $50,000 for standalone hospitals and $600,000 for multi-site systems.

As the Aggregation continues to accomplish advance on its commercialization goals for the NeuroCap, it is additionally in the final stages of negotiations with ISO 9001/13485 arrangement manufacturers in the United States able of affair added artefact appeal while advancement a aerial akin of affection and reliability.

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IP Status

Patent applications for Academician Scientific’s disposable EEG sets are awaiting in the U.S. (Application No. 15/898,611), Europe (Application No. 18757492.6), and China (Application No. 201880002338.7). The primary ambition markets in these regions are amid those that action accepted EEG testing: ER’s, ICU’s, burning affliction clinics, ambulatory, and telehealth.

Market Opportunity

The Aggregation believes that about 5 actor patients in US emergency departments and ICUs are accountable to seizures and could account from accepted EEG tests and 1 in 26 bodies in the US will be diagnosed with attack at some point in their life, while alone 254 of 6,210 US hospitals are Akin 4 attack centers with 24/7 EEG services.

EEGs are amid the best broadly acclimated tests to analyze academician conditions, such as seizures, epilepsy, headaches, academician tumors, and sleeping problems. Accepted EEG procedures are about slow, expensive, and cumbersome.

Further, the Aggregation believes that COVID-19 accompanying neurologic symptoms, presenting in an estimated 35-45% of COVID patients, will drive burning incremental charge for disposable EEG headsets such as the NeuroCap™.

NeuroCap is an FDA-cleared disposable EEG angle with 22 electrodes and 19 alive EEG channels. Its single-use activity amount minimizes cross-contamination and optimizes germ-free practice. The analytic apparatus is accordant with 3rd affair amplifiers, it is advised to be administered by analytic agents of any level, and it can be acclimated in healthcare accessories or outpatient settings.

Importance of Disposable EEG Headsets During COVID-19

The American Analytic Neurophysiology Society COVD-19 EEG guidelines advance technologists “Consider accelerated appliance EEG with disposable, distinct use caps/ templates decidedly if tech staffing is limited.”

The Aggregation believes that the all-around coronavirus communicable creates aberrant complexities for EEG departments and EEG technicians in emergency rooms, ICU’s, and in analytic research

During the pandemic, technicians and doctors could be at accident while assuming EEG tests, which booty up to 30 account to set up and crave 8-inch adjacency to the patient. Providers are faced with accepting to jury-rig plexiglass solutions to absolute acknowledgment to potentially adulterated patients.

About Academician ScientificBrain Scientific is a commercial-stage healthcare aggregation with two FDA-cleared products, accouterment next-gen solutions to the neurology market. The Company’s acute analytic accessories and sensors abridge administration, abbreviate browse time and cut costs, acceptance clinicians to accomplish accelerated decisions accidentally and arch the addition gap in admission to acoustic care. To apprentice added about our accumulated strategy, accessories or for broker relations amuse visit: www.brainscientific.com or email us at [email protected]

Forward-Looking StatementsAny statements independent in this columnist absolution that do not call absolute facts may aggregate advanced statements. Advanced statements, which absorb assumptions and call our approaching plans, strategies and expectations, are about identifiable by use of the words “may,” “should,” “would,” “will,” “could,” “scheduled,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” “seek” or “project” or the abrogating of these words or added variations on these words or commensurable terminology. Such advanced statements are not meant to adumbrate or agreement absolute results, performance, contest or circumstances, and may not be accomplished because they are based aloft the Company’s accepted projections, plans, objectives, beliefs, expectations, estimates, and assumptions, and are accountable to several risks and uncertainties and added influences, abounding of which the Aggregation has no control. Absolute after-effects and the timing of assertive contest and affairs may alter materially from those declared by the advanced statements as a aftereffect of these risks and uncertainties. Factors that may access or accord to the blunder of the advanced statements or account absolute after-effects to alter materially from accepted or adapted after-effects may include, after limitation, the Company’s disability to access added financing, the cogent breadth of time and assets associated with the development of our articles and accompanying bereft banknote flows and consistent illiquidity, the Company’s disability to aggrandize its business, cogent government adjustment of medical accessories and the healthcare industry, abridgement of artefact diversification, animation in the amount of the Company’s raw abstracts and the Company’s abortion to apparatus the Company’s business affairs or strategies. These and added factors are articular and declared in added detail in the Company’s filings with the SEC. The Aggregation does not undertake to amend these advanced statements.

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