InnerScope Hearing Technologies (OTC: INND), an emerging and disruptive leader in the direct-to-consumer hearing technology space, today announced it has completed an asset purchase agreement and has acquired all assets and operations of iHEAR Medical Inc., based in San Leandro, California. Founded in 2010, iHEAR pioneered online direct-to-consumer hearing solutions (iHear Medical on ABC7 KGO / 2013). The acquisition bolsters InnerScope’s position as the leader in the emerging market of direct-to-consumer (“DTC”) and over-the-counter (“OTC”) hearing products. “The Acquisition of iHEAR Medical brings world-class innovation and access to over 40 patents in hearing technology,” said Matthew Moore, president and CEO of InnerScope. “Our alliance with iHEAR and its technology partners allow us to rapidly expand sales and distribution, particularly through pharmacies and insurance partners.”
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About InnerScope Hearing Technologies Inc.
InnerScope is a leading manufacturer and distributor of FDA-registered hearing products and personal sound amplifier products (“PSAPs”), dedicated to addressing the global demand for affordable hearing solutions. InnerScope’s products and business model break through the persistent barriers that prevent access to effective hearing solutions. With the acquisition of iHEAR Medical, an FDA-cleared cloud-based hearing solution provider with access to over 40 patents, InnerScope is positioned to expand its leadership in the direct-to-consumer hearing solutions market with advanced hearing products offered at a fraction of the cost of conventional hearing aids sold in hearing aid centers. For more information about the company, visit www.INND.com.
NOTE TO INVESTORS: The latest news and updates relating to INND are available in the company’s newsroom at https://ibn.fm/INND
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