HeartBeam Granted Third US Patent for 12-Lead Extended Wear Patch for Detecting Heart Attacks and Complex Cardiac Arrythmias
November 07 2023 - 7:31AM
Business Wire
New Patent Extends Intellectual Property
Footprint for Company’s Groundbreaking Technology in Large ECG
Patch Monitor Market
HeartBeam, Inc. (NASDAQ: BEAT), a cardiac
technology company that has developed the first and only credit
card-size, portable 3D-vector electrocardiogram (VECG) platform
that is always with the patient, allowing for the creation of rich
data for AI, today announced that the United States Patent and
Trademark Office has granted a new patent on HeartBeam’s novel VECG
platform.
The latest patent, “Electrocardiogram Patch Devices and Methods”
(Patent number 11,793,444) describes methods and systems for remote
detection and/or diagnosis of acute myocardial infarction (AMI or
heart attack) through handheld and adhesive devices. This is
HeartBeam’s third issued US patent on its novel on-demand 12-lead
(“12L”) wearable cardiac monitor, strengthening the company’s
position in the large global electrocardiogram (“ECG”) patch market
which is estimated to reach $4.8B by 2030.
An estimated 6 million ambulatory cardiac monitors are used
annually in the US to assess intermittent heart symptoms. One type
of ambulatory cardiac monitor is an extended wear patch, generally
consisting of a single lead ECG limiting detection of cardiac
conditions, worn continually for up to 14 days.
HeartBeam’s groundbreaking on-demand 12L patch consists of a
small, continuous single-lead ECG that can be instantly converted
to a 12L ECG to record symptoms as they occur. HeartBeam believes
that this can provide significant advantages over existing devices,
with the ability to record higher resolution signals and to detect
conditions that single lead devices cannot, including ischemia and
heart attacks.
HeartBeam now has 11 issued US patents and 4 issued
international patents, along with 18 pending international
applications. These patents cover the core inventions in
HeartBeam’s VECG technology, as well as the specific applications
across HeartBeam’s product portfolio, including patient carried
devices (HeartBeam AIMIGo™), continuous monitors (LIVMOR), extended
wear patches, and watch-based 12L ECGs.
“This patent represents an integral part of the company’s
strategy to ensure HeartBeam’s disruptive technology is well
protected,” said Branislav Vajdic, Ph.D., CEO and Founder of
HeartBeam. “We believe our 12-lead ECG technology has the potential
to become the standard of care and are actively pursuing options to
bring the 12-lead extended wear patch to market.”
About HeartBeam, Inc.
HeartBeam, Inc. (NASDAQ: BEAT) is a cardiac technology company
that has developed the first and only 3D-vector ECG platform
intended for patient use at home. By applying a suite of
proprietary algorithms to simplify vector electrocardiography
(VECG), the HeartBeam platform enables patients and their
clinicians to assess their cardiac symptoms quickly and easily, so
care can be expedited, if required. HeartBeam AIMIGo™ is the first
and only credit card-sized 12-lead output ECG device coupled with a
smart phone app and cloud-based diagnostic software system to
facilitate remote evaluation of cardiac symptoms. By collecting 3D
signals of the heart’s electrical activity, HeartBeam AIMIGo has
the potential to provide unparalleled data for the development of
AI algorithms. HeartBeam AIMIGo has not yet been cleared by the US
Food and Drug Administration (FDA) for marketing in the USA or
other geographies. For more information, visit HeartBeam.com.
Forward-Looking Statements
All statements in this release that are not based on historical
fact are "forward-looking statements." While management has based
any forward-looking statements included in this release on its
current expectations, the information on which such expectations
were based may change. Forward-looking statements involve inherent
risks and uncertainties which could cause actual results to differ
materially from those in the forward-looking statements, as a
result of various factors including those risks and uncertainties
described in the Risk Factors and in Management’s Discussion and
Analysis of Financial Condition and Results of Operations sections
of our Forms 10-K, 10-Q and other reports filed with the SEC and
available at www.sec.gov. We urge you to consider those risks and
uncertainties in evaluating our forward-looking statements. We
caution readers not to place undue reliance upon any such
forward-looking statements, which speak only as of the date made.
Except as otherwise required by the federal securities laws, we
disclaim any obligation or undertaking to publicly release any
updates or revisions to any forward-looking statement contained
herein (or elsewhere) to reflect any change in our expectations
with regard thereto or any change in events, conditions or
circumstances on which any such statement is based.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231107182301/en/
Investor Relations Contact: Chris Tyson Executive Vice
President MZ North America Direct: 949-491-8235 BEAT@mzgroup.us
www.mzgroup.us
Media Contact:media@heartbeam.com
HeartBeam (NASDAQ:BEAT)
Historical Stock Chart
From Nov 2024 to Dec 2024
HeartBeam (NASDAQ:BEAT)
Historical Stock Chart
From Dec 2023 to Dec 2024