LAKEWOOD RANCH, Fla., April 14, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- Piezo Motion, a Brain Scientific (OTCQB: BRSF) company, and Micro Technology Group (MTG) today announce a partnership. Piezo Motion is a developer and leading manufacturer of automation technology. MTG, headquartered in Mansfield, Massachusetts, is a business development company providing technical marketing and sales services for leading manufacturers.
Piezo Motion’s unique motion control technology will enable MTG to provide affordable precision motor solutions and motion control to customers specializing in electronic components. Piezo Motion’s multifaceted rotary and linear motors utilize technology offering stability and accuracy, designed specifically for Original Equipment Manufacturers (OEMs) requiring ultimate speed, size and accuracy.
“We are excited to expand our product offering with the addition of Piezo Motion’s high precision, piezo-based rotary and linear motors, and micro-dosing pumps to our product portfolio,” said Spencer Simons, president of MTG. “The addition of these products will allow us to broaden our motion control product capabilities and address the forward-looking technology requirements of our customers in the aerospace, defense, medical and industrial market segments.”
Piezo Motion motors are used globally for a variety of applications. These include laboratory instruments, biomedicine, optics, semiconductors, nanotechnology industries, and industrial electronic and automotive systems along with an expanding portfolio of products combining performance with dramatically lower costs over conventional piezo solutions.
“We are seeing strong demand from device manufacturers and product innovators for our ultra-precise, micro-sized motors,” said Hassan Kotob, chairman and CEO of Brain Scientific. “Our partnership with Micro Technology Group will give their customers access to a revolutionary product offering at a very affordable price.”
About Piezo Motion
Piezo Motion (piezomotion.com), a Brain Scientific company, is a leader in precision motor technology with multimillion-dollar investments in research and development of affordable piezoelectric motors to meet, and exceed, the needs of today's global markets. The company is committed to the development of innovative technology and motion products that enhance functionality in a multitude of applications. The company works with startups, OEMs, research institutions and industrial companies from around the world, empowering the visionaries behind their products.
About Brain Scientific
Brain Scientific (brainscientific.com) is a medical technology company with multiple patents and FDA-cleared products. Brain Scientific is committed to developing next-gen solutions that advance the future of neurodiagnostic and OEM medical devices. Brain Scientific has two product lines covering neurology and precision motion. The NeuroCap and NeuroEEG are smart neurological diagnostic devices that simplify administration, shorten scan time, and cut costs. The Piezo Motion product line consists of ultra-efficient compact precision motors that will drive the next generation of medical devices. To learn more about Brain Scientific's corporate strategy, products or investor relations, please visit brainscientific.com.
About Micro Technology Group
Micro Technology Group (mtgelectronics.com) is a transformational business development company providing technical marketing and sales services for leading manufacturers of semiconductors, passive components and related electronic components. Considered thought leaders in the electronics industry ecosystem, they provide extensive knowledge and expertise for their suppliers and clients on how to navigate the complexity of the design-in process. Over the past 30 years, they have helped countless manufacturers of electronic components achieve successful results.
Forward-Looking Statements
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements. Forward-looking statements may include, without limitation, statements regarding (i) the plans and objectives of management for future operations, including plans or objectives relating to the design, development and commercialization of EEG products and services and piezo motor technology; (ii) a projection of income (including income/loss), earnings (including earnings/loss) per share, capital expenditures, dividends, capital structure or other financial items; (iii) the company's future financial performance; (iv) the successful integration of Piezo Motion with and into Brain Scientific; and (v) the assumptions underlying or relating to any statement described in points (i), (ii), (iii) or (iv) above. Such forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances and may not be realized because they are based upon the company's current projections, plans, objectives, beliefs, expectations, estimates and assumptions and are subject to a number of risks and uncertainties and other influences, over many of which the company has no control. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties. Factors that may influence or contribute to the inaccuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation, the company's inability to obtain additional financing; the significant length of time and resources associated with the development of products and related insufficient cash flows and resulting illiquidity; the company's inability to expand its business; significant government regulation of medical devices and the healthcare industry; lack of product diversification; volatility in the price of the company's raw materials; and the failure to implement the company's business plans or strategies. Some of these and other factors are identified and described in more detail in the company's filings with the SEC. The company does not undertake to update these forward-looking statements.
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