Helius Medical Technologies, Inc. (NASDAQ:HSDT) (TSX:HSM) ('Helius' or the 'Company'), a leading neurotech company focused on neurological wellness, today announced that it is the recipient of the Pioneer Technology Development Award for its development of the PoNS device.
This prestigious award, presented by the Brain Mapping Foundation (BMF) and Society for Brain Mapping and Therapeutics (SBMT), is given to trailblazing technology companies and their CEOs/Presidents who have facilitated the development of pioneering technologies through interdisciplinary approaches that have impacted diagnostics, treatment, and healthcare delivery in unprecedented ways.
'Annually the BMF, SBMT award committee identifies many cutting-edge technologies but we only award those who are truly visionary, pioneering and lifesaving inventions. This year we have identified two pioneering technologies, one developed by Helius Medical Technologies, a neuromodulation device, and another, developed by Monteris Medical, a brain tumor ablation device,' says Babak Kateb, M.D., Founding Chairman of the Board of Directors, CEO and Scientific Director, Society for Brain Mapping & Therapeutics (SBMT). 'Retinal, peripheral and or direct neuromodulation are the future for treatment of neurological disorders. SBMT's role is to make sure game-changing diagnostics and therapeutics such as PoNS are identified and provided to patients with limited treatment options in the US and around the world.' The PoNS device delivers mild electrical stimulation to the nerves of the tongue that connect with the nerves in the brain. When this stimulation is combined with physical activity, changes may occur in the neural network, which may result in improvements of balance and gait. The device is intended for use as a short-term treatment (14 weeks) of chronic balance deficit due to mild-to-moderate traumatic brain injury (mmTBI) and is to be used in conjunction with physical therapy. 'I am honored to receive this award on behalf of the gifted scientists who developed the PoNS device and for all the stakeholders that have made its development intended for the treatment of neurological symptoms of disease or trauma possible,' said Philippe Deschamps, Chief Executive Officer of Helius.
About Helius Medical Technologies, Inc.
Helius Medical Technologies is a neurotech company focused on neurological wellness. The Company's purpose is to develop, license and acquire unique and non-invasive platform technologies that amplify the brain's ability to heal itself. The Company's first commercial product is the Portable Neuromodulation Stimulator (PoNS).
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Cautionary Disclaimer Statement
Certain statements in this news release are not based on historical facts and constitute forward-looking statements or forwardlooking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities laws. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. Forward-looking statements are often identified by terms such as 'believe,' 'continue,' 'look forward,' 'will' and similar expressions. Such forward-looking statements include, among others, statements regarding the Company's future clinical and regulatory development plans for the PoNS device and the potential regulatory clearance of the PoNS device. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those expressed or implied by such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the uncertainties associated with the marketing, sale and regulation of medical devices in Canada, the clinical development, regulatory submission and approval process in the United States, the European Union and Australia, as well as the Company's capital requirements needed to achieve its business objectives and its ability to raise the needed capital, as well as other risks detailed from time to time in the filings made by the Company with securities regulators, and including the risks and uncertainties about the Company's business described in the 'Risk Factors' sections of the Company's Annual Report on Form 10-K for the year ended December 31, 2018, its Quarterly Report on Form 10-Q for the quarter ended September 30, 2019 and its other filings with the United States Securities and Exchange Commission and the Canadian securities regulators, which can be obtained from either at www.sec.gov or www.sedar.com. The reader is cautioned not to place undue reliance on any forward-looking statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements except to the extent required by law.
HELIUS MEDICAL TECHNOLOGIES, INC. 
