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Ventripoint Diagnostics Ltd (2)
Symbol VPT
Shares Issued 161,395,435
Close 2024-11-19 C$ 0.14
Market Cap C$ 22,595,361
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Ventripoint creates sales program for U.S. expansion

2024-11-19 17:42 ET - News Release

Mr. Hugh MacNaught reports

VENTRIPOINT ANNOUNCES NEW SALES PROGRAM TO ACCELERATE GROWTH IN U.S. MARKET FOR AI-POWERED ECHOCARDIOGRAPHY SOLUTIONS

Ventripoint Diagnostics Ltd. has created 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 artificial-intelligence-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 health care providers, hospitals and clinics across the United States, 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 health care 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, chief executive officer of Ventripoint. "Our new sales program reflects our commitment to providing health care 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 the following.

Dedicated sales support: The sales team will be expanded to engage directly with health care 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 health care providers of all sizes.

Reference centre program: Ventripoint will invite one or more United States-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.

About Ventripoint Diagnostics Ltd.

Ventripoint is an industry leader in the application of 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 its 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.

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