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  • Professor Andrea M. Armani, University of Southern California
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  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

InvestorNewsBreaks – InnerScope Hearing Technologies Inc.’s (INND) Now Offering OTC Rechargeable Hearing Aids on Target.com, Celebrates World Hearing Day

InnerScope Hearing Technologies (OTC: INND), an emerging and disruptive leader in the over-the-counter (“OTC”) hearing aid space, is expanding its national wholesale distribution efforts by launching its HearingAssist FDA-Registered OTC rechargeable hearing aids on Target.com. The announcement represents the company’s focused commitment to offer high-quality, affordable OTC hearing aids through its HearingAssist and iHEAR brands to as many individuals as possible. According to the announcement, the HearingAssist OTC rechargeable hearing aids will be available on the e-commerce site for $499–$599 a pair; the hearing aids offer wireless app-control that allows users to adjust their hearing aids using their smartphone. “InnerScope is proud to offer its HearingAssist brand of OTC rechargeable hearing aids on Target.com,” said InnerScope Hearing Technologies president and CEO Matthew Moore in the press release. “Adding Target.com broadens our market penetration and demographics for the HearingAssist OTC Hearing Aid brand. HearingAssist’s brand already represents high-quality hearing aids at affordable prices to hundreds of thousands of satisfied customers. With the Target.com launch, InnerScope continues to execute its business plan by adding more wholesale/retail distribution for its HearingAssist and iHEAR OTC Hearing Aid brands. Now Target.com customers can experience and enjoy hearing with HearingAssist’s high-quality, affordable OTC Rechargeable Hearing Aids.”

In addition, InnerScope and its subsidiary HearingAssist announced their support of World Hearing Day (March 3) by promoting hearing health awareness through HearingAssist-branded FDA-registered OTC hearing aids that are offered in more than 1,500 Walmart Vision Centers and on Walmart.com. “World Hearing Day is a great opportunity to bring much-needed awareness to the general public about hearing loss and the poorer quality of life if left untreated,” said Moore. “The most common treatment for hearing loss is hearing aids. Yet, the lack of awareness of the increased risks of mental health problems associated with untreated hearing loss, and the lack of accessibility to affordable hearing aids, caused millions of people to live with the health consequences of untreated hearing loss. We have always believed that greater access to more affordable hearing aids could improve the lives of those with untreated self-perceived mild to moderate hearing loss. Now, thanks to the new OTC Hearing Aid Law, FDA-registered OTC hearing aids can be sold in stores and online without a prescription or required to see a medical or hearing professional.”

To view the full press releases, visit https://ibn.fm/U5vbu and https://ibn.fm/HlYJS

About InnerScope Hearing Technologies Inc.

InnerScope is a manufacturer and distributor of OTC hearing aids, hearing aid accessories and hearing health-related products dedicated to addressing the global demand for affordable hearing solutions. InnerScope’s hearing products and its business-to-consumer and business-to-business business model break through the barriers that prevent access to effective and affordable hearing solutions. InnerScope’s recent acquisition of iHEAR Medical Inc., a direct-to-consumer (“DTC”) cloud-based hearing solution provider, gives the company access to more than 40 patents and an R&D facility. In addition, InnerScope has acquired HearingAssist, an established leader since 2008 in the DTC hearing aid market with a customer base of more than 400,000. These acquisitions, combined with a partnership with Atlazo Inc., a semiconductor innovator for next-generation AI smart devices, will allow InnerScope to better position itself in the OTC hearing aid market by selling advanced hearing products through Walmart and many other major retailers and pharmacy chains. InnerScope’s full line of hearing products is currently available through these multiple retail/wholesale distribution channels: Walmart Vision Centers, Walmart.com, Walmart Canada, RiteAid.com, Target.com, BestBuy.com, Amazon.com, Fingerhut.com. Giant Eagle, Hy-Vee, Hartig Drug, Food City, Cardinal Health(TM) at-Home, Carewell.com, FSAStore.com, HSAStore.com and more. For more information, please visit www.INND.com.

NOTE TO INVESTORS: The latest news and updates relating to INND are available in the company’s newsroom at https://ibn.fm/INND

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