HeartSciences Announces Further Internationalization of its AI-ECG Patent Portfolio
May 20 2024 - 9:00AM
Heart Test Laboratories, Inc. d/b/a HeartSciences (NASDAQ: HSCS;
HSCSW) (“HeartSciences” or the “Company”), an artificial
intelligence (AI)-powered medical technology company focused on
transforming ECGs/EKGs to save lives through earlier detection of
heart disease, today announced that it has been granted Indian
Patent Application 201817014481 by the Indian Patent Office (IPO).
To date, HeartSciences has been granted nine US
patents and 35 international patents for a total of 44 granted
patents. Issued international patents are across key countries
including China, Brazil, Canada, India, South Korea, Mexico, and
key European markets such as Germany, France, UK, Italy and the
Netherlands.
Andrew Simpson, Chief Executive Officer of
HeartSciences, commented, “In recent years, we have conscientiously
built an extensive international intellectual property portfolio
across major markets. We are pleased to receive this latest patent
grant which further reinforces our position at the forefront of
AI-ECG. India is the most populated country in the world, with 1.4
billion people, and there is a desperate need for improved heart
disease screening. Cardiovascular diseases (CVD) are the leading
cause of death and disability and is characterized by a higher
relative risk burden, an earlier age of onset, higher case fatality
and higher premature deaths than many other countries.”
About HeartSciences
Heart Test Laboratories, Inc. d/b/a
HeartSciences is a medical technology company focused on applying
innovative AI-based technology to an ECG (also known as an EKG) to
expand and improve an ECG's clinical utility. Millions of ECGs are
performed every week and the Company's objective is to improve
healthcare by making it a far more valuable cardiac screening tool,
particularly in frontline or point-of-care clinical settings.
HeartSciences has one of the largest libraries of AI-ECG algorithms
and is developing AI-ECG solutions to be made available on either a
hardware agnostic cloud-based platform or its proprietary
MyoVista® wavECG™ device, to help identify cardiovascular
disease in any care setting worldwide in a manner to best suit
different care providers. HeartSciences' first product candidate
for FDA clearance, the MyoVista® wavECG™, or the MyoVista®, is a
resting 12-lead ECG that is also designed to provide diagnostic
information related to cardiac dysfunction which has traditionally
only been available through the use of cardiac imaging. The
MyoVista® also provides conventional ECG information in the same
test.
For more information, please
visit: https://heartsciences.com/. X: @HeartSciences
Safe Harbor Statement
This announcement contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
These forward-looking statements are made under the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995
and are relating to the Company's future financial and operating
performance. All statements, other than statements of historical
facts, included herein are "forward-looking statements" including,
among other things, statements about HeartSciences' beliefs and
expectations. These statements are based on current expectations,
assumptions and uncertainties involving judgments about, among
other things, future economic, competitive and market conditions
and future business decisions, all of which are difficult or
impossible to predict accurately and many of which are beyond the
Company's control. The expectations reflected in these
forward-looking statements involve significant assumptions, risks
and uncertainties, and these expectations may prove to be
incorrect. Investors should not place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. Potential risks and uncertainties include, but are
not limited to, risks discussed in HeartSciences' Annual Report on
Form 10-K for the fiscal year ended April 30, 2023, filed with the
U.S. Securities and Exchange Commission (the "SEC") on July 18,
2023, HeartSciences’ Quarterly Report on Form 10-Q for the fiscal
quarter ended January 31, 2024, filed with the SEC on March 14,
2024 and in HeartSciences' other filings with the SEC at
www.sec.gov. Other than as required under the securities laws, the
Company does not assume a duty to update these forward-looking
statements.
Contacts:
HeartSciences Gene Gephart +1-682-244-2578 (US)
info@heartsciences.com
Investors Gilmartin Group
Vivian Cervantes investorrelations@heartsciences.com
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