Business
Movano Inc. Provides Business Update and Reports Third Quarter 2021 Financial Results
Conference call begins at 2:00 p.m. Pacific time today PLEASANTON, Calif., Nov. 11, 2021 /PRNewswire/ -- Today, Movano Inc. (NASDAQ:MOVE), a health technology
About this update from Corvex, Inc.
[{"type":"text","content":"Conference call begins at 2:00 p.m. Pacific time today\n\n\nPLEASANTON, Calif., Nov. 11, 2021 /PRNewswire/ -- Today, Movano Inc. (NASDAQ:MOVE), a health technology company designing devices that empower individuals to optimize their health in order to help prevent and better manage chronic diseases, reported financial results for the three months ending September 30, 2021 and provided a business update. Highlights from the third quarter and recent weeks include the following:\nThe first iteration of Movano's wearable device prototype is out of development, operational and ready for clinical testing. The new wrist-worn wearable device prototype contains Movano's proprietary integrated circuits and is now wireless, battery-powered and Bluetooth-enabled, allowing data to be transferred directly from the device to the Company's mobile and cloud applications. The new smaller and untethered prototype enables the Company to advance its development and clinical testing capabilities. The Company plans to use the new wearable device prototype in a blood pressure study to be conducted at the Movano Clinical Lab in the fourth quarter of 2021, under an Institutional Review Board (IRB)-approved protocol. This testing enables Movano's data scientists to continue to gather diverse data sets, which will be used to further improve the Company's signal processing and blood pressure algorithms. Additionally, Movano announced that it recently completed the tapeout of its single-chip solution with a leading foundry partner. The tapeout of the single-chip solution is a major milestone as it shrinks Movano's proprietary multi-chip architecture into a singular integrated circuit, giving the Company flexibility to design innovative, small form factors that will be key to developing competitive commercial products in the future. The fabrication and testing processes is expected to continue through the spring of 2022. Today, the Company also announced it will be demoing its technology at CES in Las Vegas in early January 2022. As Movano evaluates opportunities to bring its technology to the market on an accelerated basis, it plans to arrange meetings with a limited group of companies that represent potential future strategic partners. \"Today's consumers are increasingly demanding connected, digitally-enabled health and wellness solutions. Collectively, we...