REDWOOD CITY, Calif., Sept. 29, 2016 (GLOBE NEWSWIRE) -- bio tricity inc. (OTC.QB:BTCY), a healthcare technology company dedicated to delivering innovative, medically relevant biometric remote monitoring solutions, announced today that it will be expanding its existing research partnership with the University of Calgary. In order to develop and validate the next generation of medically relevant wearable monitors, the focus of the new partnership will be on areas beyond cardiac medicine including fetal monitoring and sleep apnea. bio tricity’s goal is to develop a series of clinically accurate devices that are applicable in both clinical and home-based settings. The initial focus of this expanded partnership will be to investigate using Heart Rate Variability Monitoring to optimize recovery after surgery and medical illness, and to develop solutions for the fetal monitoring and sleep apnea markets as well.
Dr. David Liepert, a clinical assistant professor at the University of Calgary Cumming School of Medicine, anesthesiologist at AHS’ Rockyview General Hospital and lead investigator of the study adds, “The Department of Anesthesia and Peri-Operative Medicine looks forward to expanding on the developmental Heart Rate Variability Monitoring (HRVM) work we have already completed with the bio flux device, and working with bio tricity's consumer-based bio life device as well.”
He explains, “HRVM’s ability to simultaneously monitor internal physiology and activities of daily living combined with bio tricity’s convenience and portability seems ideal for tracking return-to-function and allowing early and individualized intervention and optimization. Maternal/fetal monitoring has long-included HRVM, and exploring the impact of offering convenience and portability to that patient group as well as the sleep apnea population is an exciting opportunity. We look forward to capitalizing on Waqaas Al-Siddiq's expertise in wearable biometric monitoring, connectivity and data processing and are also exploring the benefits of creating a relationship with the University of Calgary's Schulich School of Engineering which would be of utmost value to Alberta's budding Biomedical Engineers."
In other news, bio tricity is expecting a response from the U.S. Food and Drug Administration (FDA) to their 510(k) submission within the next few weeks.
bio tricity founder and CEO Waqaas Al-Siddiq commented, “We continue to believe a significant opportunity exists for our remote patient monitoring solutions to gain traction in the rapidly expanding diagnostic and preventative healthcare markets.”
About Biotricity, Inc.
bio tricity is a modern medical technology company focused on delivering innovative, remote biometric monitoring solutions to the medical and consumer markets, including diagnostic and post-diagnostic solutions for chronic conditions and lifestyle improvement. bio tricity’s R&D continues to focus on the preventative healthcare market, with a vision of putting health management into the hands of the individual. The company aims to support the self-management of critical and chronic conditions with the use of innovative solutions to ease the growing burden on the healthcare system. To learn more, visit www.biotricity.com .
Important Cautions Regarding 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 bio flux or any of the Company’s other proposed products or services, (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 and (iv) the assumptions underlying or relating to any statement described in points (i), (ii) or (iii) 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, many of which the Company has no control over. 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 its products and related insufficient cash flows and resulting illiquidity, the Company's inability to expand the Company's business, significant government regulation of medical devices and the healthcare industry, lack of product diversification, existing or increased competition, results of arbitration and litigation, stock volatility and illiquidity, and the Company's failure to implement the Company's business plans or strategies. These and other factors are identified and described in more detail in the Company's filings with the SEC. The Company assumes no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.
Media Contacts McCoin & Smith Communications Inc. Chris McCoin, Chris@mccoinsmith.com, 508-429-5988 Richard Smith, rick@mccoinsmith.com, 978-433-3304 Investor Relations: Michael Koehler Liolios Group, Inc. BTCY@liolios.com 949-574-3860
