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Binovi Technologies to bring its vision therapy technology platform to North American classrooms as it enters the K-12 education space

Students will use Binovi’s technology-driven vision training protocols to develop and strengthen literacy skills

Binovi Technologies Corp. -
Nearly 80% of children who are diagnosed with a learning disability meeting the criteria for visual accommodation and vergence problems

Binovi Technologies Corp (CVE:VISN) (OTCMKTS:BNVIF) is expanding its vision therapy technology into classrooms across North America, the company announced Tuesday.

Students will use Binovi’s technology-driven vision training protocols to develop and strengthen literacy skills from pre-kindergarten to Grade 12 as part of the Toronto- and New York-based firm’s ‘Global and Noble’ initiative.

In a statement, Binovi’s executive chairman Terry Booth called the move into the education field “the most exciting development I have seen.”

READ: Binovi Technologies names former White House Fellow Eric Phillips as strategic advisor

According to a release from Binovi, research has shown that binocular vision problems can interfere with a student’s ability to read, with nearly 80% of children who are diagnosed with a learning disability meeting the criteria for visual accommodation and vergence problems.

With those statistics in mind, Binovi’s platform was designed to provide early-intervention vision therapy activities to help increase reading abilities by grade three, which is the strongest predictor of high school completion and other positive life outcomes, according to Booth.

“If we can integrate our Binovi platform into the school system and have it accessible to all children as early as kindergarten, the impact of being able to detect and remediate early vision deficits, that are impeding children's ability to read successfully by grade 3, could be a game changer," he added.

The firm’s platform integrates software, hardware, data, and expert knowledge to help optometrists treat vision-related issues with in-office therapy and doctor-led home-based activities. Binovi said it hopes to penetrate the nearly 145,000 schools across North America with its product offering, estimating that revenue per school would be approximately $50,000 to S100,000 based on a licensing product structure.

"The final frontiers in technology evolution is how these advancements can impact healthcare and education,” Binovi CEO Adam Cegielski told shareholders. “We are now seeing these changes in real-time and look forward to becoming a global leader in the field of education.”

Binovi’s neuro-visual performance platform designed to test, analyze, track, and report on individual cognitive performance. It is currently used in over 1,500 locations globally.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

Quick facts: Binovi Technologies Corp.

Price: 0.16 CAD

TSX-V:VISN
Market: TSX-V
Market Cap: $17.79 m
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