|[December 06, 2012]
BrainScope Awarded Montgomery County Emerging Business of the Year
BETHESDA, Md. --(Business Wire)--
BrainScope® Company, Inc. announced today that it received
the Verl Zanders Emerging Business of the Year Award by the Montgomery
County Chamber of Commerce (MCCC) last evening at the 2012 MCCC Business
Awards Dinner & Reception. The event was attended by over 700 business
and government leaders. Among the seven awards presented during the
evening were esteemed recipients such as J.W. Marriott, Jr. (Emeritus
Business Leader), Booz Allen Hamilton (News - Alert) (Prime Partner of the Year), and
Lockheed Martin (Corporate Achievement).
"We are greatly honored and humbled to receive this award. We would not
be here without the significant support of our partner, the U.S.
Department of Defense," stated Michael Singer, President and CEO of
BrainScope. "The men and women who risk their lives every day for our
country are our inspiration, and we owe it to them to continue our work
in developing a device to assess traumatic brain injury and concussion
at the point of care."
"Over the years, the Montgomery County Chamber of Commerce has
recognized remarkable companies that have grown to become leaders in
their fields," commented Georgette "Gigi" Godwin, President and CEO of
MCCC. "Past winner of the Verl Zanders Emerging Business of the Year
Award have included Qiagen, MedImmune and Honest Tea. The selection
committee was impressed by BrainScope's progress and its prospects for
helping soldiers, athletes and individuals suffering from concussions
and other brain injuries."
In the last year, BrainScope has been awarded research and development
contracts valued in excess of $10 million by the U.S. Department of
Defense. In May 2011 BrainScope reached concurrence with the U.S. Food
and Drug Administration (FDA) on the key study design elements for
clinical validation of the Ahead® M-100 medical device.
Since 2010, results from clinical studies utilizing BrainScope's
technology have been published in leading peer-reviewed neurology and
emergency medicine journals such as Brain Injury, The Journal
of Head Trauma Rehabilitation and The American Journal of
Backed by Revolution (News - Alert) (created by AOL co-founder Steve Case), Shaman
Ventures, ZG Ventures, Maryland Venture Fund and Brain Trust Accelerator
Fund, BrainScope is a medical neurotechnology company that is developing
a new generation of hand-held, easy-to-use, non-invasive instruments
designed to aid medical professionals in rapidly and objectively
assessing brain function. BrainScope devices in development are based on
a proprietary technology platform, which integrates databases of
brainwave recordings with advanced digital signal processing,
sophisticated algorithms, miniaturized hardware and disposable headset
sensors. The company's initial focus is on traumatic brain injury and
its milder presentation, commonly referred to as "concussion".
BrainScope's unique devices are being created to meet a long-standing
clinical need for improved early identification, staging and triage of
head injured patients. BrainScope devices under development for
assessment of traumatically-induced head injury and concussion are for
investigational use only and have not been submitted to FDA for
premarket review. For more information, please visit www.brainscope.com.
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