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InnerScope Hearing Technologies, Inc. Announces an Exclusive US Distribution Agreement with Speechlab Advanced Technologies BV, For Rights to Distribute their State of the Art Personal Sound Amplifier Product (PSAP)
InnerScope Hearing Technologies, Inc. Announces an Exclusive US Distribution Agreement with Speechlab Advanced Technologies BV, For Rights to Distribute their State of the Art Personal Sound Amplifier Product (PSAP).
About this update from Innerscope Hearing Technologies, Inc.
[{"type":"text","content":"\n\n\n\nInnerScope Hearing Technologies, Inc. Announces an Exclusive US Distribution Agreement with Speechlab Advanced Technologies BV, For Rights to Distribute their State of the Art Personal Sound Amplifier Product (PSAP)\n\n\n\n\n\nInnerScope Hearing Technologies, Inc. Announces an Exclusive US Distribution Agreement with Speechlab Advanced Technologies BV, For Rights to Distribute their State of the Art Personal Sound Amplifier Product (PSAP)\nPR Newswire\nROSEVILLE, California, November 14, 2017\n\n\n\nROSEVILLE, California, November 14, 2017 /PRNewswire/ --\n\nInnerScope Hearing Technologies Inc. (OTCQB: INND) has announced an exclusive US Distribution with Speechlab Advanced Technologies BV. for resell rights of its BlackCat Personal Sound Amplifier Product (PSAP), which further expands the Company's PSAP portfolio. The BlackCat is a Personal Audio Controller designed to help people understand speech better in challenging noisy environments. The BlackCat will be powered by Clementine Wear technology, a cloud-based service platform supported via Android app and was the 2017 winner of the National Science Foundation's \"Hearables Challenge\".  \n\nThe PSAP market is estimated today to be 4.5 billion dollars in the United States alone. The exclusive agreement broadens InnerScope's product line within this new emerging PSAP's and Hearables markets. PSAP's can be purchased directly by the consumer, without the need for a consultation from a hearing healthcare professional. With the average cost of hearing aids in the US costing more than $5,000 and the increased consumer interest since the Over-The-Counter (OTC) Hearing Aid Law was signed on August 18, 2017, (designed to provide greater public accessibility and affordability with hearing aids)  PSAPs and Hearables are fast becoming an alternative hearing solution over the high cost of hearing aids. It is estimated approximately 15% of the world's population (48 million in the US) has some form of hearing impairment that would consider using PSAP's and or Hearables for helping with their hearing needs.\n\nThe BlackCat PSAP with its compact and sleek design is an innovative solution that helps the user understand others better in many different environments. The BlackCat is a unique HI-FI speech intelligibility solution that enhances the environment and suppresses ambi...