InnerScope Hearing Technologies (OTC: INND), an emerging and disruptive leader in the direct-to-consumer (“DTC”) hearing technology space, through its subsidiary HearingAssist II Inc., has entered a wholesale vendor agreement with Best Buy Co. Inc. According to the agreement, BestBuy will sell HearingAssist-branded hearing aids and related ear care along with hearing-aid cleaning products and hearing-aid supplies; the products will be available in the Best Buy brick-and-mortar locations throughout the United States and Puerto Rico as well as on BestBuy.com. “InnerScope continues to deliver commercial success, partnering with major retailers to provide affordable, high-quality hearing aid products for the 48 million Americans with hearing loss,” said InnerScope Technologies president and CEO Matthew Moore in the press release. “HearingAssist’s agreement with BestBuy gives InnerScope another large big-box retail chain for expanding its brand awareness and market penetration. BestBuy is one of many retail distribution channels that we have successfully partnered with ahead of the Over-the-Counter Hearing Aid Law, which is expected to be enacted in the next few months. Today’s announcement follows our other recent retail channel successes, including RiteAid.com, Walmart and Walmart.ca. Moreover, our acquisitions of iHear Medical, with its team of biomedical engineers, FDA-registered R&D facility, and 40-plus hearing technology patents, and HearingAssist, with its longstanding proven track record of selling more direct-to-consumer hearing aids than all other competitors, have allowed InnerScope to be well-positioned to become the industry leader in the new emerging OTC/DTC hearing aid market.”
To view the full press release, visit https://ibn.fm/vPEE8
About InnerScope Hearing Technologies Inc.
InnerScope is a leading direct-to-consumer (“DTC”) manufacturer and distributor of FDA-registered hearing aids, hearing assistive devices, hearing health-related products and personal sound amplifier products (“PSAPs”) dedicated to addressing the global demand for affordable hearing solutions. InnerScope’s hearing products and its business model break through the persistent barriers that prevent access to effective hearing solutions. The company’s recent acquisition of iHear Medical Inc., a DTC cloud-based hearing solution provider, gives InnerScope access to more than 40 patents and an FDA-registered manufacturing and R&D facility. InnerScope also acquired HearingAssist, an established leader in the direct-to-consumer 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 DTC hearing-solutions market by selling advanced hearing products through Walmart and other major retailers. 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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