isbrg corp stock

Universal PropTech Confirms Launch of ISBRG Corp's SpotLight-19 Clinical Trial and New R&D Funding Assistance

Universal Proptech Inc. (TSXV: UPI) (OTCQB: UPIPF) (FSE: 8LH) ("UPI" or the "Company") is pleased to announce that ISBRG Corp., in which UPI owns a minority interest (see press release dated February 18, 2021), announced progress related to the ongoing development of its COVID-19 diagnostic device - SpotLight-19©. In addition to ISBRG's receipt of a Health Canada Investigational Testing Authorization (ITA), and the start of ISBRG's clinical trial, ISBRG has announced the addition of two new Advisory Board members, as well as the receipt of advisory services and conditional research and development funding from the National Research Council of Canada Industrial Research Assistance Program ("NRC IRAP").

"As an investor in ISBRG, we are thrilled with the commencement of the SpotLight-19© Clinical Trial,  especially as it involves an exit point for people leaving Canada," commented Chris Hazelton, Chief Executive Officer, Universal Proptech Inc. 

About SpotLight-19©

ISBRG's SpotLight-19© is designed to leverage advancements in optics, artificial intelligence, and medical know-how to detect the presence of infection caused by multiple variants of the COVID-19 virus. SpotLight-19© uses light to scan the fingertip. The speed (less than 20-seconds) and cost of the test (approximately one dollar), combined with the non-invasive nature of the test (no body fluid of any kind is required), has the potential to test large numbers of people without the inconvenient delays and environmental damage associated with current chemical reagent-based tests.

Clinical Trial

With R&D funding support from NRC IRAP, ISBRG will initiate an investigational clinical trial of its prototype SpotLight-19© diagnostic technology at a Canadian border location. This follows ISBRG's recent receipt of Investigational Testing Authorization (ITA) from Health Canada.

New Advisory Board Members

ISBRG is pleased to announce that Mr. Ned Imbrie and Mr. Stephen Longfield have agreed to join ISBRG's Advisory Board. Ned was VP Global Strategy and Business Development for Siemens Healthcare. Stephen is the former VP Global Procurement of PepsiCo and is currently President of Tigerhawk Professional Services.

ISBRG's Board of Advisors includes:

  • Commander Chris Hadfield, internationally known author and astronaut;
  • Michael Kelly, former Executive VP of Thousand Oaks based Amgen;
  • Peter Bowler, the former President and CEO of Dallas based American Eagle Airlines;
  • Irene d'Entremont, Order of Canada recipient and former Emera Board Member;
  • Sylvia Augaitis, Executive Director - Wine Marketing Association of Ontario (VQA);
  • Allan MacDougall, former CSIS Director General, Global Operations; and
  • William Sutherland, VP Business Development - Kilmer Group.

Market Size

According to Grandview Research, the global COVID-19 diagnostics market size is estimated at USD$84.4 billion in 2020 and is expected to expand at a compounded annual growth rate (CAGR) of 3.1% from 2021 to 2027.

About ISBRG and SpotLight-19©

The ISBRG artificial intelligence and optics-based technology platform is being developed by a team of physicians, Ai specialists, product designers, communication specialists, an experienced and talented Advisory Board, and an alliance with one of North America's leading optical centres of excellence. ISBRG's technology platform has numerous applications in various stages of development, including but not limited to: SpotLight-19©, SpotLight-THC©, and SpotLight-HealthCheck©.

About Universal Proptech Inc.

Universal Proptech Inc. (TSXV: UPI) (OTCQB: UPIPF) (FSE: 8LH) is a leading building innovation company, selecting, integrating, deploying, and maintaining PropTech in healthy buildings. As trusted advisors, we provide holistic evidence-driven solutions and services for building developers, owners, and operators in Canada. UPI operates through its wholly owned subsidiary, VCI Controls Inc. ("VCI"), a leading supplier and integrator of PropTech healthy building solutions and services. VCI is an industry leader in the acquisition and deployment of intelligent building technology, including the integration of all building systems utilizing the latest in communications technologies and standards. VCI's business focuses on digital controls and mechanical services, performance monitoring, and energy efficiency solutions.

With headquarters in Toronto, Universal Proptech Inc. has offices across Canada including, Halifax, Montreal, and Ottawa. For more information, visit www.universalproptech.com.

Contact Information

Universal Proptech Inc.
Chris Hazelton
President and Chief Executive Officer
chazelton@universalproptech.com
(647) 300-2957

ISBRG Corp
Austin MacIntyre
VP Operations and Communications
amacintyre@Isbrgcorp.com
www.isbrgcorp.com

Forward-Looking Statements

Certain information provided in this press release constitutes forward-looking statements and information within the meaning of applicable securities laws. Forward-looking information typically contains statements with words such as "anticipate", "believe", "forecast", expect", "plan", "intend", "estimate", "propose", "project", or similar words suggesting future outcomes. The Company cautions readers and prospective investors in the Company's securities not to place undue reliance on forward-looking information as, by its nature, it is based on current expectations regarding future events that involve a number of assumptions, inherent risks and uncertainties, which could cause actual results to differ materially from those anticipated by the Company.

The forward-looking information included herein is expressly qualified in its entirety by this cautionary statement. The forward-looking information included herein is made as of the date hereof and the Company assumes no obligation to update or revise any forward-looking information to reflect new events or circumstances, except as required by law.

Neither the TSX Venture Exchange ("Exchange"), nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

4844-3186-2761, v. 2

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/83871

News Provided by Newsfile via QuoteMedia

The Conversation (0)
prop tech news

Universal PropTech


Keep reading...Show less

One-Stop-Shop for Healthy Building Innovation and Services Across Canada

AI text over a vibrant, futuristic, technological background with dynamic lines and symbols.

AI Market Update: Q2 2025 in Review

Q2 confirmed that the artificial intelligence (AI) boom is entering a new phase in the physical world.

As the industry evolves, attention is being directed to strengthening underlying infrastructure while advancing areas like embodied AI, a subsector that MarketsandMarkets projects will grow at a CAGR of 39 percent globally by 2030.

Also during Q2, a geopolitical tech rivalry exacerbated shifting macroeconomic conditions.

Keep reading...Show less
NVIDIA logo, stock chart with green upward arrow.

Tech 5: NVIDIA Hits Market Cap Milestone, Harmonic Raises US$100 Million

NVIDIA (NASDAQ:NVDA) became the first publicly traded company to hit a US$4 trillion market cap this week.

Meanwhile, Apple (NASDAQ:AAPL) made headlines with a major leadership change as rumors of a lineup of upcoming product releases circulated, and Meta Platforms (NASDAQ:META) deepened ties with one of its hardware partners.

In the chip market, Huawei is trying to capitalize on the gap left by NVIDIA's chips in China, while a startup is stepping up its efforts to help meet its ambitious plans to expand artificial intelligence (AI) chip delivery to Saudi Arabia.

Keep reading...Show less
Gloved hand installing a CPU onto a circuit board, labeled "Tech 5" with network graphic.

Tech 5: US Lifts EDA Restrictions for China, Apple Explores Third-party AI for Siri

The stock market had a dynamic start to Q3, pushing indexes to new highs after earlier tariff concerns.

On Monday (June 30), markets generally saw strong gains, with the S&P 500 (INDEXSP:INX) and Nasdaq Composite (INDEXNASDAQ:.IXIC) reaching new record highs in the US, while the S&P/TSX Composite Index (INDEXTSI:OSPTX) climbed higher after a last-minute policy reversal to rescind a planned digital services tax targeting US tech firms.

Canadian markets were closed for Canada Day on Tuesday (July 1). As for US markets, following two consecutive days of highs, the S&P 500 and Nasdaq Composite declined after a renewed feud between Tesla (NASDAQ:TSLA) CEO Elon Musk and US President Donald Trump sent Tesla shares down by over 5 percent.

Keep reading...Show less
Syntheia (CSE:SYAI)

Syntheia


Keep reading...Show less
Logos of OpenAI and Microsoft with "Tech 5" on an abstract tech-themed background.

Tech 5: OpenAI/Microsoft Talks Get Tense, SoftBank Floats Arizona Robotics Hub

This week, Microsoft (NASDAQ:MSFT) and OpenAI's once tight alliance showed signs of strain, while Meta Platforms (NASDAQ:META) continued to source artificial intelligence (AI) talent from rival companies.

Meanwhile, SoftBank's (TSE:9434) CEO is considering a new chip and robotics venture in Arizona, and Google (NASDAQ:GOOGL) is looking to bring AI solutions to American cities.

Read on to dive deeper into this week's top tech stories.

Keep reading...Show less
Canadian flag waving in front of a mountain landscape.

Canada Makes Tech Leadership Moves: Axl Launches, Carney Shares Priorities at G7 Summit

Canada’s tech sector saw momentum this week, with announcements spanning venture capital and quantum computing, as well as global policy leadership news out of the G7 summit.

Keep reading...Show less

Latest Press Releases

Related News

×