Brain Scientific (OTCQB: BRSF), a neurology-focused medical device and software company, has entered into a definitive merger agreement to acquire Piezo Motion Corp., a leading innovator of high-precision piezoelectric motion technology. According to the announcement, the merger is designed to expand the market reach of both companies along with their ability to deliver innovative technologies to high-growth markets. Both companies have built impressive teams of scientists, engineers and executives with invaluable expertise in developing and commercializing disruptive technologies, and the acquisition will result in a single company with vast machine learning background and astute ability to address demands in the market. Currently, BRSF’s neurology products create massive amounts of data health care providers can use in determining best treatments and protocols; the new company will utilize Piezo Motion’s technology to enhance these products. “We are excited for the future that the merger with Piezo Motion is expected to bring,” said Brain Scientific founder Dr. Baruch Goldstein in the press release. “Together, we plan to achieve rapid expansion while delivering and developing the new generation of MedTech solutions for the brain diagnostics market, including innovative products for long-term monitoring and brain e-tattoo. This combination offers a significant opportunity to be part of a company well positioned for growth. We look forward to uniting with Piezo Motion in what we expect will be an exciting new chapter ahead.”
To view the full press release, visit https://ibn.fm/y1VYp
About Brain Scientific Inc.
Brain Scientific is a commercial-stage health care company with two FDA-cleared products, providing next-gen solutions to the neurology market. The company’s smart diagnostic devices and sensors simplify administration, shorten scan time and cut costs, allowing clinicians to make rapid decisions remotely and bridge the widening gap in access to neurological care. To learn more about the company, visit www.BrainScientific.com.
NOTE TO INVESTORS: The latest news and updates relating to BRSF are available in the company’s newsroom at https://ibn.fm/BRSF
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