Integrity Applications Announces Uplisting to Nasdaq Capital Market
December 08 2021 - 8:30AM
Integrity Applications, Inc. (www.integrity-app.com) (OTCQB: IGAP),
innovator of GlucoTrack®, a non-invasive device for measuring
glucose levels in people with Type 2 diabetes and prediabetes,
announced today that its shares of common stock were approved for
listing on the Nasdaq Capital Market.
Trading on Nasdaq is expected to commence on
Friday, December 10, 2021 under its existing trading symbol, IGAP.
The Company intends to file an application with Nasdaq to effect
the previously announced name change to GlucoTrack, Inc. and
related change in ticker symbol post the uplisting.
"We are thrilled to announce the listing of our
shares on Nasdaq, representing a significant milestone for the
Company and its shareholders," said Paul V. Goode, President and
Chief Operating Officer. " As we continue to make significant
progress towards bringing GlucoTrack to market, we believe that the
listing will help increase corporate visibility, provide investors
with increased liquidity, and enhance shareholder value."
About GlucoTrack®
GlucoTrack® is a truly non-invasive
monitoring device that rapidly measures and displays an
individual’s glucose level in about a minute without finger
pricking or any pain. GlucoTrack® features an ear clip with
sensors that clips to the earlobe and measures the user’s glucose
level using innovative and patented sensor technologies. The
measured signals are analyzed using a proprietary algorithm and
then a calculated glucose level is displayed on a small handheld
device the size of a small mobile phone. The glucose results are
stored in the device and used to estimate HbA1c level using a
proprietary algorithm. The device can also display glucose values
graphically, enabling the user to monitor glucose levels over
time.
About Integrity Applications, Inc.
Integrity Applications, Inc. (OTCQB: IGAP) was
founded in 2001 and is focused on the design, development, and
commercialization of non-invasive glucose monitoring technologies
for people with type 2 diabetes and prediabetes. The Company has
developed GlucoTrack®, a proprietary non-invasive glucose
monitoring device designed to obtain glucose level measurements in
about a minute without the pain, incremental cost, difficulty, or
discomfort of conventional invasive finger stick devices. Integrity
Applications Inc. is a Delaware corporation, with headquarters in
the United States and an R&D site in Ashdod, Israel. For more
information, please visit http://www.integrity-app.com/ and
http://www.glucotrack.com.
Investor
Contact: investors@integrity-app.comMedia
Contact: media@integrity-app.com
Forward-Looking Statements
This news release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Statements contained in this news release that
are not statements of historical fact may be deemed to be
forward-looking statements. Without limiting the generality of the
foregoing, words such as “expect”, “plan” and “will” are intended
to identify forward-looking statements. Readers are cautioned that
certain important factors may affect Integrity Applications’ actual
results and could cause such results to differ materially from any
forward-looking statements that may be made in this news release.
Factors that may affect Integrity Applications’ results include,
but are not limited to, the ability of Integrity Applications to
raise additional capital to finance its operations (whether through
public or private equity offerings, debt financings, strategic
collaborations or otherwise); risks relating to the receipt (and
timing) of regulatory approvals (including FDA approval); risks
relating to enrollment of patients in, and the conduct of, clinical
trials; risks relating to its current and future distribution
agreements; risks relating to its ability to hire and retain
qualified personnel, including sales and distribution personnel;
and the additional risk factors described in Integrity
Applications’ filings with the U.S. Securities and Exchange
Commission (the “SEC”), including its Annual Report on Form 10-K
for the year ended December 31, 2019 as filed with the SEC on April
13, 2021.
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