MyndTec Announces the North American Launch of its Innovative Foot Drop FES Device MyndStep(TM) - Yahoo Finance

2 years ago 36

MyndStep™ is designed to amended mobility by providing functional electrical stimulation (FES) attraction to patients suffering from ft drop.

Mississauga, Ontario--(Newsfile Corp. - November 2, 2022) - MyndTec Inc. (CSE: MYTC) ("MyndTec" oregon the "Company"), an emerging person successful neurological rehabilitation, is pleased to denote the motorboat of its newest product, MyndStep^TM, to its functional electrical stimulation (FES) portfolio.

The motorboat of MyndStep^TM volition absorption connected leveraging MyndTec's adept capabilities successful FES to prosecute opportunities successful the Medical Device and Foot Drop markets successful some the United States and Canada.

"The summation of our newest FES little assemblage merchandise MyndStep, reinforces our committedness to providing clinics, rehabilitation centers and physicians with innovative products focused connected improving diligent attraction and prime of life. We look guardant to introducing this caller merchandise to our existing and caller customers, and much importantly, introducing patients to an innovative exertion which volition assistance them regain relation and mobility and Restore Independence, One Step At A Time," said Craig Leon, CEO of MyndTec Inc.

Introducing MyndStep^TM

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MyndStep is intended to supply ankle dorsiflexion successful individuals who person a dropped ft arsenic a effect of an precocious centrifugal neuron injury. An accelerometer and inclinometer is utilized to awesome stimulation of the communal peroneal nervus to facilitate centrifugal output - ankle dorsiflexion - which clears the ft and toes of the ground's surface.

MyndStep Advantage and Convenience

Now disposable crossed the United States and Canada.
Easy Electrode Placement: convenient electrodes with magnetic drawback connection, are placed connected the peroneal nervus and tibialis anterior nerve.
Wearable Design: the instrumentality is tiny and light, with a rechargeable artillery and tin beryllium worn successful a cuff conscionable beneath the knee.
Mobile Phone & Tablet Friendly: the MyndStep^TM instrumentality is connected to a idiosyncratic app, disposable for download on iOS and Android, and is Bluetooth enabled.
App Functionality: the mobile app allows users to power the instrumentality much intuitively, and conveniently and provides existent clip attraction advancement for users.
Electric Stimulation Intensity: is easy adjustable to suit immoderate users preferred setting.
Built-in Smart Sensors: instrumentality has built-in sensors that tin observe valid gait events and supply precise stimulation, producing a much normalized walking pattern. Users tin show their betterment successful walking pattern, region and velocity utilizing their mobile device.
Suitable for home and outdoor use.

Treatment Modes:

Training Mode: to workout the musculus and amended dorsiflexion.
Walking Mode: to assistance patients locomotion faster, much people and safely.

To larn much about MyndStep^TM, click the nexus oregon transcript and paste the nexus into your browser: https://www.myndtec.com/product/myndstep-stimulator/

Foot Drop Facts:

North America is expected to clasp a large marketplace stock successful the planetary ft driblet attraction marketplace owed to the precocious prevalence of changeable and an expanding fig of merchandise approvals. Foot driblet tin originate owed to a stroke. According to the Centre for Disease Control and Prevention, astir 795,000 radical acquisition changeable each twelvemonth successful the United States⁽¹⁾. The Foot Drop Market compound yearly maturation complaint forecast is expected to beryllium 9.5% with North America representing 1 of the largest markets⁽¹⁾. More than 70% of hemiplegic patients who tin regain walking ability, though they bash not execute bully gait, tin instrumentality vantage of a attraction specified arsenic MyndStep, designed to assistance patients to retrieve their gait and close their Foot Drop ailment.

Sources:
(1) Mordor Intelligence: Foot Drop Treatment Market, Growth, Trends, Covid-19 Impact and Forecasts (2022-2027)
(2) https://www.researchandmarkets.com/reports/5529412/foot-drop-treatment-market-growth-trends

About MyndTec

MyndTec is simply a Canadian aesculapian exertion institution dedicated to the improvement and commercialization of innovative products that amended function, maximize independency and heighten the prime of beingness for individuals who person suffered wounded to the cardinal tense strategy arsenic a effect of stroke, spinal cord wounded and definite traumatic encephalon injuries. The Company develops non-invasive neurological and tense strategy electrical stimulation therapeutics for the attraction of neurological diseases and wounded specifically targeted to markets with large, increasing and planetary diligent populations.

The Company's flagship merchandise MyndMove™ is simply a non-invasive functional electrical stimulation-based intervention. MyndMove™ uses neuroplasticity mechanisms to stimulate improvement of caller neural efferent and afferent pathways allowing patients to re-establish voluntary question and amended independency successful their activities of regular living. The MyndMove™ strategy offers trained therapists the quality to assistance individuals affected with paralysis to amended voluntary power of their limbs. The MyndMove™ therapy strategy offers a wide spectrum of blase functional electrical stimulation bundle protocols which therapists customize to diligent needs to alteration meaningful controlled movements via proprietary stimulation technology.

For much accusation sojourn https://www.myndtec.com

Contact Information

Craig Leon
MyndTec Inc. | Chief Executive Officer
investor.relations@myndtec.com
Tel: (416) 569-0430

Bill Mitoulas
Venture North Capital Inc. | Principal
billm@venturenorthcapital.com
Tel: (416) 479-9547

Cautionary Note Regarding Forward-Looking Statements

This quality merchandise contains forward-looking statements that represent "forward-looking information" wrong the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). All statements successful this quality merchandise that are not humanities facts are forward-looking statements, including, but not constricted to, each statements regarding: events, show oregon results of operations that the Company believes, expects oregon anticipates volition oregon whitethorn hap successful the future; the duration of the Consulting Agreement, the services provided nether the Consulting Agreement; and the information paid pursuant to the Consulting Agreement. Forward-looking statements are typically, but not always, identified by words specified as: "believes", "expects", "aim", "anticipates", "intends", "estimates", "plans", "may", "should", "could", "continue", "would", "will", "potential", "scheduled", "goal", "target", oregon variations of specified words and phrases and akin expressions, which, by their nature, notation to aboriginal events oregon results that may, could, would, mightiness oregon volition hap oregon beryllium taken oregon achieved.

Forward-looking statements are needfully based connected a fig of estimates and assumptions that include, but are not constricted to: expected aboriginal development; wide economical conditions; the quality of the Company to execute connected its concern objectives; and different estimates and assumptions described successful the Company's Listing Statement dated February 18, 2022 (the "Listing Statement"), a transcript of which is disposable nether the Company's illustration connected SEDAR astatine www.sedar.com. Forward-looking statements are inherently taxable to a fig of important risks and uncertainties that could origin the existent results oregon events to disagree materially from those described successful the forward-looking statements. Important risks and uncertainties that could origin existent results oregon events to disagree materially from expectations include, but are not constricted to: the Company's quality to proceed arsenic a going concern, the Company's research, improvement and commercialization of its products could beryllium stopped oregon delayed if immoderate 3rd enactment fails to supply capable quantities of products oregon components, oregon fails to bash truthful astatine acceptable prime levels oregon prices, oregon fails to support oregon execute satisfactory regulatory compliance; the Company expects to incur important ongoing costs and obligations relating to its concern successful infrastructure, growth, probe and development, regulatory compliance and operations; and different risks and uncertainties described successful the Listing Statement. The Company has attempted to place important factors that could origin existent results, show oregon achievements to alteration from those expectations expressed oregon implied by the forward-looking statements, however, determination whitethorn beryllium different factors that origin results, show oregon achievements not to beryllium arsenic expected and that could origin existent results, show oregon achievements to disagree materially from existent expectations. These forward-looking statements are lone existent arsenic of the day of this quality release. Although the Company believes that the expectations reflected successful specified forward-looking statements are reasonable, specified statements impact risks and uncertainties and the Company provides nary assurance that they volition beryllium to beryllium correct. Readers should not spot undue reliance connected specified forward-looking statements. The Company does not undertake immoderate work to update forward-looking statements contained herein, different than arsenic required by applicable law. All forward-looking statements are qualified successful their entirety by this cautionary statement.

The CSE has successful nary mode passed upon the merits of the concern of the Company and has neither approved nor disapproved the contents of this quality merchandise and accepts nary work for the adequacy oregon accuracy hereof.

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