Commercial Deployment at Leading Psychiatry and Neurology Centre in UAE

Cognetivity Neurosciences Announces Commercial Deployment at Leading Psychiatry and Neurology Centre in UAE
Latest Agreement Signals Continued, Rapid Commercial Growth in Middle East Region

Vancouver, British Columbia, Feb 22, 2023 – Cognetivity Neurosciences Ltd. (the “Company” or “Cognetivity”) (CSE: CGN; FWB: 1UB; OTCQB: CGNSF), a technology company that has created a unique brain health screening platform for use in medical, commercial and consumer environments, is pleased to announce that it has reached a commercial agreement with American Center for Psychiatry and Neurology (ACPN) in the United Arab Emirates (UAE).

ACPN is a specialist medical facility with branches in the cities of Abu Dhabi, Dubai and Al Ain. Dedicated to the provision of high-quality neurological, psychiatric, psychological and rehabilitation services, ACPN is the leading provider of its kind in the UAE. The center is also an accredited research body, having been involved in numerous high-profile published studies in the region, and has  ongoing research collaborations with organizations such as the Harvard Medical School Center for Global Health Delivery, Biogen, Novartis and IQVIA.

The commercial agreement between Cognetivity and ACPN will see Cognetivity’s CognICA brain health screening platform deployed as a screening and monitoring tool at ACPN’s newly established memory clinic. In the future, the deployment may be expanded to cover additional ACPN services and to support research studies in the Alzheimer’s disease space, among others.

CognICA is approved for clinical use in the USA and EU and is already commercially deployed in the UAE, North America and in the UK’s National Health Service (NHS). The technology uses artificial intelligence and machine learning techniques to help detect the earliest signs of cognitive impairment by providing a fast, sensitive and objective measure of brain function. This enables CognICA to facilitate the early identification of individuals with brain health issues, at a time when interventions are most effective, as well as supporting their long-term treatment management and
monitoring.

The new deployment will be overseen by Professor George Tadros, a consultant geriatric psychiatrist at ACPN and Vice-Chair of the center’s Institutional Review Board. An innovative and highly experienced practitioner in the field of psychiatry, Prof. Tadros developed an award-winning liaison psychiatry model in the UK and has frequently been recognized for his clinical work and service developments. He has a particular clinical and academic interest in the management of dementia, has held professorships at Aston University and Chester University in the UK, and since 2019 has been an adjunct professor of psychiatry at Cairo Medical School in Egypt.

Commenting on the announcement, Professor Tadros said: “My colleagues and I are hugely excited about working with Cognetivity on this deployment. At ACPN, we are committed to providing the highest-quality neurological and psychiatric care, and making use of innovative, proven technology to empower clinicians to deliver the best possible outcomes for patients. CognICA has all the credentials necessary to drive this at our new memory clinic – I look forward greatly to seeing its positive impact on our patients.”

Dr. Sina Habibi, CEO of Cognetivity, said: “We are delighted to have secured this latest deployment of our CognICA technology and thrilled to confirm another major deal in the Middle East. To tackle the enormous global problem of brain health, including dementia, we have to massively improve the detection and monitoring of early-stage impairment. CognICA is the perfect tool in every way for this job and this latest implementation further demonstrates the value that our technology adds to progressive healthcare centers and systems.”

ON BEHALF OF THE BOARD

“Sina Habibi”
Sina Habibi

Chief Executive Officer and Director

FORWARD-LOOKING STATEMENTS:

Certain statements included in this news release  constitute  forward-looking  information or statements (collectively, “forward-looking statements”), including those identified by the expressions “anticipate”, “assume” “believe”, “plan”, “estimate”, “expect”, “intend”, “may”, “should” and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This news release contains forward looking statements. These forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Such statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors. Such statements and information are based on numerous assumptions regarding present  and future business strategies and the environment in which the Company will operate in the future. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company’s forward-looking statements.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information: Please visit: www.cognetivity.com or contact: info@cognetivity.com; for media inquiries please contact pr@cognetivity.com