Business
Brain Scientific Announces Fourth Quarter and Full Year 2021 Results
Brain Scientific Announces Fourth Quarter and Full Year 2021 Results.
About this update from Brain Scientific, Inc.
[{"type":"text","content":"\n LAKEWOOD Ranch, Fla., April 01, 2022 (GLOBE NEWSWIRE) -- via InvestorWire – Brain Scientific (OTCQB: BRSF), an innovative company focusing on the Medical Technology market, reports its business highlights and financial results for the fourth quarter and full year ended Dec. 31, 2021. Fourth Quarter and Recent Highlights Completed merger with Piezo Motion and announced Hassan Kotob as CEO of the combined companyAppointed new independent directors Daniel Cloutier, Thomas Olivier, and Donald MacKenzie as to the Brain Scientific boardAppointed two senior executives to lead revenue generation effortsAnnounced global partnership with a global master agent, advancing innovative neurodiagnostic devicesPartnered with Benson Engineering to deliver affordable micro-precision motors and motion control solutions to the southern U.S.Hosted a webinar on March 17 discussing how its miniature precision motors can be disruptive in the market by providing affordable piezoelectric technologyReleased a whitepaper outlining the role of its RAS rotary motor in the medical device and high-tech application marketsCollaborated with Electroline Sales, Inc. to offer disruptive motion control technology to Electroline Sales, Inc.’s diverse customer basePartnered with Motion & Control Sales, Ltd to unite its motion products with cost-effective automation solutionsEntered into an agreement with Applied Mechatronics to deliver affordable micro-precision motors and motion control solutions to the West CoastJoined forces with STXi Motion to enter the precision motor market in IsraelFormed a distribution partnership with Advanced Motion Systems to bring its innovative micro-precision motors to Advanced Motion’s customer basePartnered with CNBEST Tech to expand access to affordable piezoelectric motor solutions in the Asian marketsEntered into distribution agreement with iMotion Inc.Announced a regional distribution partnership between Piezo Motion and Precise Motion to expand motion control and automation technologies “2021 was a transformative year, culminating in the merger of Brain Scientific and Piezo Motion,“ said Hassan Kotob, chairman and CEO of Brain Scientific. “The merger resulted in the creation of a MedTech company with two cutting-edge product lines: neurology devices and precision motors, and includes two 5...