Emerging and disruptive leader in the Over-the-Counter Hearing space, InnerScope Hearing Technologies Inc (OTCMKTS:INND), on October 19, 2022, announced the launch of the new line of affordable Over-the-Counter rechargeable hearing aids. This would be for the iHEAR brand, which also has app-controlled models with complete wireless audio streaming of hands-free calling and music.
Trading Data
On Wednesday, INND stock slumped 4.19% to $0.0160 with 27.90 million shares, compared to its average volume 64.08 million shares. The stock moved within a range of $0.0154 – 0.0170 after opening trade at $0.0168.
InnerScope Hearing Technologies (OTC: INND) Launches New Line of OTC Hearing Aids for its iHEAR Brand
The launch of Hearing Aids is happening alongside the Food and Drug Administration finalizing the rule, which allows hearing devices to be sold online as well as at major retail stores and pharmacy chains without a prescription.
InnerScope and its wholly-owned subsidiary HearingAssist has been a leader in the direct-to-consumer hearing space with about 500,000 customers.
The company is confident in being in the top position for the emerging hearing aid market. Initially, the firm will launch iHEAR OTC Hearing Aids with two model types as well as four levels of technology.
Matthew Moore, President, and CEO of InnerScope Hearing Technologies said that the Premium Technology is meant for people in challenging listening environments such as parties, large gatherings, and sporting events. Moore added that the Advance Technology is for moderate listening environments including religious services, meetings, or restaurants. As per the CEO, the team of engineers and technology partners are developing the next-generation OTC hearing aids with voice-activated AI smart technology.
Key Quote
“We designed these models and technology features in iHEAR’s new OTC Hearing Aids for all different or desired lifestyles and individual hearing needs,” said Matthew Moore, President and CEO of InnerScope Hearing Technologies.
Technical Data
INND stock is trading below the 20-Day and 50-Day Moving averages of $0.0173 and $0.0180 respectively. However, the stock is trading above the 200-Day moving average of $0.0094.
