Innerscope Hearing Technologies Inc (OTCMKTS:INND) takes an explosive step into Copperland in the latest trades up another 8% today on $1.3 million in volume. The stock has a runner in its blood that hit highs of $0.098 in early 2021 and is looking to make another big move now. INND has a massive and very loyal shareholder base that sees great things coming here. Of note is the August 8 FDA hearing (Medical Devices: Ear, Nose, and Through-Hole Devices: Establishing Over-the-Counter Hearing Aids and Aligning Other Regulations) which will make INND hearing aids more readily available to the public . INND begins to attract mainstream press, including Fox Business News, Bloomberg and a 12-part series from Newsmax. Management has been working hard behind the scenes to update the filings to become an SEC filer and fully report the OTCQB. Many INND speculators are looking for a breakout above $0.098 and well beyond.
It’s easy to get excited about INND, an FDA-registered manufacturer, distributor and retailer of self-adjusting and self-adjusting hearing aids. The company recently launched its latest breakthroughs in hearing technology with its new self-adjusting, self-adjusting smartphone-controlled rechargeable hearing aids with built-in professional remote programming and support service. Slated to launch in Spring 2021, InnerScope as a wholesale seller for Walmart and is also BJ’s Wholesale Club and Best Buy. The company has experienced significant growth through the acquisition of iHear Medical Inc., as well as HearingAssist, an established leader in the direct-to-consumer hearing aid market with a customer base of over 400,000. These acquisitions, combined with a partnership with Atlazo Inc., a semiconductor innovator for next-generation AI smart devices, will better position InnerScope in the direct-to-consumer hearing solutions market by selling advanced hearing products through Walmart and other major retailers. Earlier this year, INND received a purchase order from Walmart USA in the amount of $9,462,232 for HearingAssist products. They also received another purchase order from Walmart for $1,583,922 for products launched at 1,499 Walmart vision centers. The first purchase order for $1,583,922 worth of products is on its way to the Walmart USA warehouse for immediate deployment. The second purchase order for $9,462,232 of products is in the final stages of production for deployment in late June/July. Check out the INND app here.
InnerScope Hearing technologies (OTC: INND) Operating from a professional drive in Roseville, CA, INND is an FDA registered manufacturer, distributor and retailer of self-adjusting and self-adjusting hearing aids, self-adjusting personal sound amplifier products and self-adjusting, physician-formulated hearing and tinnitus dietary supplements and assorted ear and hearing health-related products Its mission is to improve the quality of life for the 70 million people in North America. Nord who suffer from hearing loss and/or hearing-related problems. The management team of InnerScope applies decades of industry experience and believes it is well positioned to directly benefit from the Over the counter Hearing Aid Act (expected to be enacted in early 2021). InnerScope with its affordable Self-Fitting Technology and Self-Adjusting Hearing Technology, combined with its innovative point-of-sale hearing screening kiosks designed for consumers with mild to moderate hearing loss to purchase hearing aids online. over-the-counter without being seen by a professional hearing care professional.
INND is led by CEO Matthew Moore who literally grew up in the hearing health industry, with internships and mentorships starting with his grandfather who personally helped over 20,000 hearing impaired patients in his private practice of hearing aid since the 1940s. By age 10, Matthew was working in the marketing department of his parents’ private hearing aid practice. At the age of 22, Matthew became a full partner in his parents’ hearing aid business, which went on to grow into one of the largest private hearing aid practices in the United States with over of 70 sites and more than 40,000 customers over a period of 10 years. Several years from, the family sold the remaining locations for $14 million. As CEO of InnerScopeMr. Moore has taken one big step after another, recently forming distribution partnerships with Walmart, Sears and other big box retailers/drugstores as well as independent retailers and pharmacies for InnerScope Products and services.
INND operates in booming hearing aids space; According According to a report by Fortune Business Insights, the global hearing aid market is expected to gain momentum from the growing adoption of telehealth among audiologists to prevent patient trafficking. The report further indicates that the market size was USD 8.99 billion in 2019 and is projected to reach USD 13.38 billion by 2027, exhibiting a CAGR of 8.2% during the forecast period.
InnerScope’s recent acquisition of iHear Medical Inc., a provider of DTCcloud-based hearing solutions, gives the company access to over 40 patents and an FDA-registered manufacturing and R&D facility. In addition, InnerScope acquired HearingAssist, an established leader in the direct-to-consumer hearing aid market with a customer base of over 400,000. These acquisitions, combined with a partnership with Atlazo Inc., a semiconductor innovator for hearing aids next-generation AI devices, will better position InnerScope in the direct-to-consumer hearing solutions market by selling advanced hearing products through Walmart and other major retailers.
$INND Hearing aid ear cleaning and care supplies will be fully stocked at 1499 Wal Mart stores! https://t.co/3KyMO7i0gS
— Program fan (@NektarHeep) July 25, 2022
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The company has launched its hearIQ app in 172 countries in the Apple App Store for iOS devices and Google Play Store for Android devices. The hearIQ app is a multi-functional app, which offers the general public a FREE self-administered hearing test to determine hearing loss (if present) and also provides Bluetooth wireless connection (“App Controlled”) for Direct-to – Consumer self-adjusting and self-adjusting hearing aids. The hearIQ app is specifically designed to aid in the early detection of hearing loss for the more than 48 million Americans as well as the 1.5 billion people worldwide who may have undetected hearing loss or who may live with some degree of hearing loss, according to the World Health Organization (“WHO”). Most importantly, if hearing loss is detected, the hearIQ app links directly to InnerScope’s direct-to-consumer hearing products. Since the hearIQ app was activated just nine days ago, it has already received over 440 reviews and a FIVE STAR RATING from Apple and Android users.
FDA Decision Upcoming August 8: Medical Devices: Hearing, Nose, and Through-the-Hearing Aids: Implement Over-the-Counter Hearing Aids and Align Other Regulations
The Food and Drug Administration (FDA, we, or the Agency) is proposing to establish a regulatory category for over-the-counter (OTC) hearing aids and make related amendments to update the regulatory framework for hearing aids. Specifically, we propose to define over-the-counter hearing aids and establish the applicable requirements; modify existing rules to ensure consistency with a new OTC category; repeal the conditions of sale applicable to hearing aids; amend existing labeling requirements for hearing aids; and updating regulations for rulings on applications for exemption from federal preemption that would become obsolete as a result of changes to hearing aid requirements. This action, if completed, would more clearly define prescription hearing aids; however, this would not change the classification of existing device types. By creating a regulatory category for over-the-counter hearing aids and amending existing rules, we intend to provide reasonable assurance of safety and effectiveness for these devices as well as to promote access to aid technology. hearing aids and innovation, thereby protecting and promoting public health.
$INND it looks like we will have a final decision on the OTC hearing aid rule on August 8th!
— Program fan (@NektarHeep) July 25, 2022
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(INND) InnerScope Hearing Technologies, an exciting company stepped into the booming $5 billion hearing aid market is rising in the rankings in recent days, attracting legions of new shareholders and emerging among the most traded stocks in small caps. Currently under strong accumulation, INND trading over $1.3M in volume today alone, INND is looking to pave the way for companies like Enzolytics or Tesoro and burst into a whole new dimension, a breakout above $0.098 is the first step. INND is well placed to benefit directly from the Over the counter the law on hearing aids which should be voted on August 8; His It’s easy to get excited about INND, an FDA-registered manufacturer, distributor, and retailer of self-adjusting and self-adjusting hearing aids. INND recently launched its latest breakthroughs in hearing technology with its new self-adjusting, self-adjusting, smartphone-controlled rechargeable hearing aids with built-in remote professional programming and support. INND begins to attract main stream press including Fox Company News, Bloomberg and a 12-part series from Newsmax. We’ll update INND when more details emerge, so make sure you’re subscribed to Microcapdaily.
Disclosure: We don’t hold any positions in INND, long or short, and we weren’t compensated for this article