GlobeNewswire Inc | Oct 13, 2020 07:00AM EDT

October 13, 2020

NEW YORK, Oct. 13, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Brain Scientific Inc.(OTCQB:BRSF), a neurology-focused medical device and software company, has submitted a premarket 510(k) application to the United States Food and Drug Administration for its next generation NeuroCap device. NeuroCap is an advanced Electroencephalogram (EEG) electrode array used to obtain rapid EEGs in hospitals, clinics and rural areas where medical resources may be limited.

This next generation NeuroCap is a hospital-grade disposable EEG headset that has 22 electrodes and 19 active EEG channels. We use velcro for better adhesion in the new cap. The device is designed for broader use - in addition to intensive care units and ERs,said Irina Nazarova, Marketing Director atBrain Scientific.

NeuroCap can be applied in just 5 minutes and changed with each patient, removing the need to disinfect between uses. It is compatible with 3rd party amplifiers of EEG signals. Before applying for the FDA approval, Brain Scientific has evaluated the device for safety and performance according to ISO and ANSI/AAMI EC12: 2000 Disposable ECG electrodes standards.

The global pandemic is still raging, and new studiesshowmore than 80% of hospitalized COVID-19 patients have neurological symptoms, which could require EEG testing. Additionally, there is an urgent need to limit contact between EEG technicians and patients in emergency rooms, ICUs, and clinical research facilities.

The Company believes that disposable EEG headsets represent a large market opportunity, estimating that approximately5 million patients in USemergency departments and ICUs are subject to seizures and could benefit from routine EEG tests. The Companys data implies that onein 26 peoplein the US will be diagnosed with epilepsy at some point in their life, whileonly 254 of 6,210 US hospitalsare Level 4 epilepsy centers with 24/7 EEG services.

About Brain Scientific

Brain Scientificis a commercial-stage healthcare company with two FDA-cleared products, providing next-gen solutions to the neurology market. The Companys smart diagnostic devices and sensors simplify administration, shorten scan time and cut costs, allowing clinicians to make rapid decisions remotely and bridge the widening gap in access to neurological care. To learn more about our corporate strategy, devices or for investor relations please visit:www.brainscientific.comor email us at info@memorymd.com.

Forward-Looking Statements

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Den Serikov info@memorymd.com