Ventripoint to Manufacture VMS+ 3.0 In-House at Toronto Headquarters

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(TheNewswire)



Toronto, Ontario / TheNewswire / June 10, 2019 – Ventripoint Diagnostics Ltd. (“Ventripoint” or the “Company”, TSXV:VPT, OTCQB:VPTDF) is pleased to announce that they will be setting up manufacturing operations at their Toronto headquarters for the new generation of VMS+ system. Manufacturing of the current VMS+ system was out-sourced to a contract manufacturer.

We are delighted that our manufacturing for the VMS+ 3.0 will be deployed at our Toronto facility, providing complete visibility of the manufacturing process and ensuring the utmost quality and ability to respond quickly to customer orders. Moving manufacturing operations in-house will not only drive productivity but reduce costs,” noted Desmond Hirson, Ventripoint’s President.

Until regulatory approvals have been received, the VMS+ 3.0 system is not commercially available but is available for investigational use. The Company announced on June 5, 2019 that it had made submissions for regulatory approvals in Canada, the United States and Europe.

About Ventripoint Diagnostics Ltd.

Ventripoint’s technology is a leading Artificial Intelligence (AI) approach known as Knowledge-Based Reconstruction (KBR), used to create applications to monitor heart disease, a leading cause of death worldwide. The VMS+ is the first cost-effective and accurate AI tool for measuring whole heart function using conventional ultrasound.  The Company has developed a suite of applications for all major heart diseases and is actively commercializing the approach to improve cardiac care.

For further information please contact:

Dr. George Adams, CEO, Telephone: (519) 803-6937

Email: gadams@ventripoint.com

Forward Looking Statements:

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. The forward-looking statements and information are based on certain key expectations and assumptions made by the Corporation. Although the Corporation believes that the expectations and assumptions

on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information

because the Corporation can give no assurance that they will prove to be correct.  Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Other factors, which could materially affect such forward-looking information are described in the risk factors in the Corporation's most recent annual management’s discussion and analysis that is available on the Corporation’s profile on SEDAR at www.sedar.com. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Corporation undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Copyright (c) 2019 TheNewswire - All rights reserved.