(via TheNewswire)
"The plan in place for the next year truly exemplifies the shift necessary to grow the Binovi Platform to a Global and Noble product. Our team has worked tirelessly to develop and drive the commercial success of the platform, and the expansion into k-12 education is a natural evolution of the company's capabilities to enhance cognitive performance through vision training. The efforts reflect our long-term business strategy and goals," commented
Key Highlights from Binovi Investor Call:
Market Potential
Terry: "By targeting K-12, we're aiming to get
Sandra: "I think [the rate of adoption] will skyrocket once we have the data in place about using
Adam: "There are a lot of good tools out there, and there are a lot of companies that have built tools and they're selling their tools and they've done a good job on how they've built those tools and how they market those tools; they've been very focused and they've had market penetration success; We are a platform, a platform that can continuously add technology and expand. We've taken a more global approach in our product development."
Education Impact
Sandra: "Reading at grade level by grade 3 is the highest predictor for high school completion. We know that when kids complete high school it leads to so many more positive outcomes for them. In our field, we know that when kids don't graduate, it's close to 90% of kids that aren't graduating weren't able to read by grade 3."
Sandra: "Close to 80% of children that do have learning disabilities in the area of reading meet the criteria for accommodation convergence problems, which literature has shown to lead to issues with accuracy, comprehension, or fluency. We also know that the earlier that we can intervene with individuals, the earlier we can remediate the problem."
Sandra: "I am incredibly excited about utilizing this platform to really confirm that, if we can intervene early and help kids utilize vision therapy and remediate the vision difficulties, I'd like to be able to prove that it does have an impact on reading performance. If we can demonstrate that intervening early with these individuals can not only improve their ready ability but also improve their ability to attend; lots of kids that have been diagnosed with Attention Deficit Hyperactivity Disorder (ADHD) also have vision deficits, so the potential for to globally impact these young kids, not only from a reading perspective but from those attentional learning skills needed to be successful in life, this could be a game-changer for the education field."
Adam: "Over a billion people suffer from binocular issues."
Terry: "This is way bigger than cannabis; this is a huge opportunity for investors but also schools, kids, and athletes. This is something that affects millions of people."
Economic impact
Sandra: "Increasing the number of high school graduates in
Ease of Use
Terry: "Vision training can take as little as 15 minutes per day, supported at home."
Adam: "The infrastructure exists with support staff in schools and the goal is to use technology to link in with someone at the schools to be a centralized person within the school to work with teachers and simplifying the implementation."
Sandra: "Having been through a walkthrough of the Binovi Platform for vision therapy, I can say that it is very very easy to use. We'd probably have to make some changes to make it motivational to some of the younger kids, but it is easy to use, all platforms can be integrated into the Binovi Platform, so my data collection can be tracked using
Telehealth
Adam: "Telehealth is a significant reality in the North American marketplace today; it's really a by-product of the advancement of technology and where we are today. We've traditionally been dealing with technology solutions that are impacting us in different ways. I think it's a unique opportunity now to converge all this technology into one spot. The education environment has never seen such dramatic changes in such a short period of time."
Adam: "Our CTO,
Terry: "In our early discussions, Adam already had the plans in place to make sure that this was available through a telehealth platform. We needed to make this available to people from their homes, and it's become a far bigger piece of the puzzle."
"
The expansion into education is in stride with the Company's "Global and Noble" initiatives directed towards accelerating the development of reading fundamentals.
Recent 2020 News Releases:
Binovi Transforming K-12 Global Education Through Guided Classroom Technology Resources
Terry Booth Schedules Investor Conference Call to Discuss Binovi's New Direction
White House Fellow (1990-91),
Binovi Technologies Secures VIMA Rev Strobe Lenses Through a Strategic Product Acquisition and Announces Private Placement
Late Filing of Annual Financial Statements:
The company also announces today that it anticipates additional delays in filing its financial statements for the year ended
As previously announced, the Company had relied upon the blanket relief provided by the Canadian Securities Administrators (the "CSA") in response to the COVID-19 pandemic to extend the filing deadline for the Annual Filings. Due to ongoing complications in collection of certain required data and documentation to complete the audit of the Company caused by COVID-19, the resulting restrictions in travel and limited access to facilities, the Company does not expect to be able to file the Annual Filings by their respective extended deadlines. The Company will work with its auditors to complete the audit of the Company's consolidated financial statements, and expects to file the Annual Filings by
Pursuant to National Policy 12-203 Management Cease
An MCTO will not affect the ability of persons other than the directors, officers and insiders to trade in the Company's securities. An MCTO will remain in effect until the Annual Filings are filed or until it is revoked or varied. If an MCTO is not granted, the applicable regulatory authorities may issue a cease trade order against the Company for failure to file the Annual Filings within the prescribed time period.
Until the Company completes the Annual Filings, the Company will comply with the alternative information guidelines set out in National Policy 12-203 - Cease
For additional information on the Company, please visit https://www.binovi.com/investor-reports/
About
Chairman
Founder | CEO
Dr.
Scientific Advisor
Investor Relations
Email:invest@binovi.com
Toll-free: 1 (844) 866-6162
https://binovi.com/investors/
Forward looking information:
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains regulatory approval. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, that occurrences such as those referred to above are realized and result in delays, or cessation in planned work, that the Company's financial condition and development plans change, and delays in regulatory approval, as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com . The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
Neither
Copyright (c) 2020 TheNewswire - All rights reserved.
Copyright (c) 2020 TheNewswire - All rights reserved., source