New AI - Based Dental Platform Poised to Change Approach to Smile Correction - Seite 2

The Transaction

Simultaneously with the Share Exchange, the Novint board of directors and certain Novint officers resigned, and a new board of directors, comprised of the acquired company's legacy board of directors, and new officers were appointed for Dror. Dror's new board of directors consists of Eliyahu (Lee) Haddad, Chaim Hurvitz, Moshe Shvets, Chaim Ravad and Yehuda Englander. In addition, immediately following the Share Exchange, Mr. Haddad was appointed as the Company's chief executive officer, Mr. Shvets as Chief Technology Officer, and Mr. Hurvitz as chairman of the board of directors.

Lee Haddad, the Company's CEO said that: "Now, with the funds available from the private placement and being a public company with access to capital markets, we are excited to be able to disrupt the traditional aligner market by making our Aerodentis platform commercially available to millions of people in the US, EU, and other parts of the world by working closely with dental professionals and regulators."

For information about Dror Ortho-Design, Inc., go to: www.aerodentis.com

Contact: Lee Haddad, CEO
Phone Number: 972-54-666-4449
Email: [e-mail]

Forward-Looking Statements

Statements made in this news release may be forward-looking statements within the meaning of federal securities laws that are subject to certain risks and uncertainties and involve factors that may cause actual results to differ materially from those projected or suggested. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to: (i) the ability of Dror to obtain additional funding; (ii) the ability of Dror to attract and/or maintain manufacturing, research, development and commercialization partners; (iii) the ability of Dror and/or a partner to successfully complete product research and development, including preclinical and clinical studies and commercialization; (iv) the ability of Dror and/or a partner to obtain required governmental approvals; and (v) the ability of Dror and/or a partner to develop and commercialize products prior to, and that can compete favorably with those of, competitors. Additional factors that could cause actual results to differ materially from those projected or suggested in any forward-looking statements are contained in Dror's most recent periodic reports that are filed with the U.S. Securities and Exchange Commission. Dror assumes no obligation to update and supplement forward-looking statements because of subsequent events.

SOURCE: Dror Ortho-Design, Inc.

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The Novint Technologies Stock at the time of publication of the news with a raise of 0,00 % to 0,02USD on Nasdaq OTC stock exchange (21. August 2023, 15:31 Uhr).