Toronto, Ontario – TheNewswire - November 19, 2024 - Ventripoint Diagnostics Ltd. ("Ventripoint" or the "Company"), (TSXV:VPT; OTCQB:VPTDF) today announced the creation of a new sales program aimed at expanding its presence in the United States in 2025. This innovative program is designed to accelerate the adoption of the company's AI-powered echocardiography solutions, which are transforming cardiovascular care by enabling accurate, efficient, and accessible heart diagnostics.

The new sales initiative will provide targeted support to healthcare providers, hospitals, and clinics across the U.S., equipping them with cutting-edge tools that utilize machine learning and AI to improve the quality of echocardiogram readings and reduce diagnostic errors. By enhancing the analysis of ultrasound images, Ventripoint is advancing the assessment of heart health, enabling more timely monitoring of heart conditions, improving patient outcomes, and reducing healthcare costs.

"With cardiovascular disease remaining the leading cause of death in the U.S., accurate and timely diagnostics are more critical than ever," said Hugh MacNaught, CEO of Ventripoint. "Our new sales program reflects our commitment to providing healthcare professionals with the tools they need to provide the best possible care for their patients. We believe our AI-driven echocardiography platform will play a significant role in the future of cardiology, and we are excited to expand our reach across the U.S."

The new program includes:

Dedicated Sales Support: The sales team will be expanded to engage directly with healthcare providers to validate the sales model and process prior to expansion through specialty distributors.  The team will work with customers to guide them through the implementation and integration of Ventripoint’s VMS+ AI echocardiography solutions.

Training and Education: The company is developing training modules and support resources for clinicians to fully leverage VMS+ for optimal patient care.

Flexible Pricing and Financing Options: Ventripoint will be introducing competitive pricing models and flexible financing options designed to make VMS+ accessible to healthcare providers of all sizes.

Reference Centre Program: Ventripoint will invite one or more U.S. based customers to become partners within its Reference Centre Program, which is focused on addressing clinical needs with new capabilities and ensuring seamless integration of these into clinical workflows.

Partnership Opportunities: Ventripoint will expand on its partnerships with the Ollie Hinkle Foundation and Ascend Cardiovascular to develop relationships with other foundations, technology and service providers dedicated to advancing cardiac care.

Ventripoint is a pioneer in the application of AI to echocardiography, with its VMS+ platform cleared for marketing in the United States. This new sales program represents a major step forward in the company's mission to bring innovative AI solutions to the forefront of medical diagnostics. In the U.S. VMS+ has been acquired by:

Duke University Hospital

Mayo Clinic

Phoenix Children’s Hospital

Seattle Children’s Hospital

For more information on Ventripoint's AI-powered echocardiography solutions, please visit www.ventripoint.com

About Ventripoint Diagnostics Ltd.

Ventripoint is an industry leader in the application of AI (Artificial Intelligence) to echocardiography. Ventripoint's VMS products are powered by its proprietary Knowledge Based Reconstruction technology, which is the result of a decade of development and provides accurate volumetric cardiac measurements equivalent to MRI. This affordable, gold-standard alternative allows cardiologists greater confidence in the management of their patients. Providing better care to patients serves as a springboard and basic standard for all of Ventripoint's products that guide our future developments. In addition, VMS+ is versatile and can be used with all ultrasound systems from any vendor supported by regulatory market approvals in the U.S., Europe, and Canada.

For further information, please contact:

Hugh MacNaught

hmacnaught@ventripoint.com

604-671-4201

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends'' and similar expressions are intended to identify forward-looking information or statements. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.

Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis that is available on the Company's profile on SEDAR at www.sedar.com. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.