Launching New Brand Aitrasound® and an AI Medical Imaging Product Line

HONG KONG SAR - Media OutReach Newswire - 26 April 2024 - Recently, Aitrasound® Medical Group (Telefield Medical Imaging Limited) announced the formal completion of a pre-Series A financing round of nearly 60 million Hong Kong dollars. The pre-Series A financing was started in March 2023 with an initial round of nearly 40 million Hong Kong dollars, and successfully added with 2.5 million US dollars in the first quarter of this year. Led by the AEF Greater Bay Area Fund managed by Gobi Partners GBA, the investment will be mainly used for the establishment of Internet hospitals and a digital therapy platform for schools and families, achieving an integrated commercial loop of screening, diagnosis, and treatment for scoliosis. The company has now officially started its Series A financing. It plans to raise an initial round of 50 million RMB to expand the integrated new business model for musculoskeletal chronic disease screening, diagnosis and treatment, as well as to develop its product line on Aitrasound®, AI-empowered 3D ultrasound imaging diagnosis. The Series A financing will also contribute to the establishment of its global headquarter in Mainland China. The negotiations with interested cities are underway to finalize the details. At the 89^th China International Medical Equipment Fair (CMEF) in Shanghai from April 11th to 14th, 2024, Aitrasound® Medical Group officially launched its new group brand Aitrasound® and opened a new chapter for its development, aiming to achieve AI-empowered 3D ultrasound imaging diagnosis to serve more chronic diseases. The inspiration behind the Aitrasound® comes from the fusion of AI (Artificial Intelligence) and ultrasound technology, denoting the dedication to realizing the vision of "To Make 3D Medical Imaging—Anytime, Anywhere, Anyone and Affordable". Based on the globally pioneering technology of 3D ultrasound spinal imaging assessment, Scolioscan® is a sub-brand of Aitrasound®, which integrates scoliosis assessment equipment, spinal image analysis software and data management cloud platform to provide a comprehensive solution for the screening, diagnosis and treatment of scoliosis. From mass screening to non-surgical intervention, it achieves quantitative assessment with zero radiation and high accuracy, making screening, diagnosis and treatment, safer and more accurate, image-guided and standardized for specialists. According to statistics published by Chinese Preventive Medicine Association in 2022, the incidence of adolescent idiopathic scoliosis (AIS) has reached 3% to 5%. The majority of patients appear normal and therefore are easily ignored for the disease during the best timing of treatment, i.e. the early stage. Timely diagnosis and frequent follow-up using Scolioscan can maximize therapeutic outcomes for non-surgical treatments. Screening programs in different cities in China have proven that the Scolioscan® can significantly improves the economic efficiency and feasibility of school screening, by providing accurate confirmation of screening results on site after initial check using various available approaches based on body surface information. With spinal health examinations being included in China's physical examinations of primary and secondary school students, the increased awareness has led to a higher demand for treatment. As the demand for spinal rehabilitation is growing rapidly, Scolioscan® provides a keen observation of spine curves during treatment. The radiation-free scanning method meets the clinical need for frequent monitoring, allowing doctors and patients to view disease progression in real-time and obtain timely feedback about treatment outcomes. What Innovative imaging can provide is always beyond our imagination. Ultrasound is a high-frequency sound wave that can penetrate through body soft tissues, generate echoes from tissues and organs, and form images for doctors to diagnose various diseases and facilitate their treatments. Aitrasound® Medical Group originated from the innovative technology of 3D ultrasound imaging developed by the Department of Biomedical Engineering in The Hong Kong Polytechnic University. By incorporating artificial intelligence algorithms into ultrasound imaging technology, it breaks traditional limitations of ultrasound and achieves revolutionary 3D ultrasound skeletal imaging. In addition to spinal diseases, conditions affecting the muscles, ligaments, bones, and joints of the entire body can also be accurately assessed through 3D imaging. This innovative technology makes diagnosis and treatment more accurate, convenient and effective, thus opening a "Green" channel for healthcare. The new generation of musculoskeletal ultrasound products uses AI-empowered imaging algorithms to facilitate...