IR-MED Awarded Most Innovative Non-Invasive Diagnostics Technology Developer 2023 by Corporate Vision Magazine

• PressureSafe, for the early detection of pressure injuries, addresses a healthcare challenge that costs $26.8 billion and causes 60,000 deaths annually in the U.S. alone
• Non-invasive device to augment visual inspection found to be more than 90% accurate in detecting pressure injuries

Rosh Pina, Israel, Dec. 21, 2023 (GLOBE NEWSWIRE) -- IR-MED Inc., (“IR-MED” or the “Company”) (OTCQB:IRME), developer of a noninvasive artificial intelligence (AI) driven spectrographic analysis technology platform to address significant healthcare needs, announced today it has been awarded the “Most Innovative Non-Invasive Diagnostics Technology Developer 2023 – Israel” by UK-based Corporate Vision Magazine for the Company’s PressureSafe device and technology platform.

Corporate Vision’s Small Business Awards aim to be a beacon of light for businesses that make an incredible contribution to their clients and customers by shaping their industries and bringing something unique to the market.

Awards Coordinator Jessie Wilson commented on the success of IR-MED and others recognized in this year’s program, “Our Small Business Awards showcase sublime examples of businesses from those with a wide range of services to those serving singular niche markets, and I couldn’t be happier to have worked with such a fine selection of small businesses. Wishing you a fantastic end to 2023, and a monumental 2024 to come.”

“Our groundbreaking technology platform, and specifically our PressureSafe device, are increasingly being recognized by medical practitioners and technologists for its potential to make a significant contribution in healthcare by reducing the risk and severity of pressure injuries,” stated Tzur Di-Cori, IR-MED’s CEO. “We look forward to launching PressureSafe in the U.S. in 2024.”

PressureSafe, an innovative non-invasive medical device that uses infrared optical spectroscopy and AI, is designed to effectively detect early-stage pressure injuries for all skin tones. Pressure injuries cost the U.S. healthcare system $26.8 billion and lead to 60,000 deaths annually. PressureSafe was found to be 96% accurate in detecting pressure injuries based on interim results from a multicenter study. The skin-color agnostic device effectively addresses equity in healthcare by using infrared light to detect biomarker changes below the skin’s surface. PressureSafe is expected to launch in the U.S. in the first half of 2024, subject to regulatory approval.