Bioelectronics Corp (BIEL)

[srinsocal]

That's Not What I Recall

<<<<<<<<< Rick Staelin is the one that proclaimed the imminent SYNERGY deal >>>>>>>>>>>>

KN officiated the conference call that announced the Synergy deal and KW chimed in a couple of times, RS speaking about the Synergy Deal was not in my notes.

8/25/2022 CC Notes:

* BIEL's goal is no further dilution

* Adcock Ingram & STADA have not started sales yet

* OEM is still BIEL's main business model

* Revenue fuels R&D

* There is a working prototype for a rechargeable device, will need a new 510k

* Change coming in January for reimbursement

* OEMs are reporting good efficacy with their products

* Don Joy changing name to Enovis

* KT Health getting a new CEO

* 7 employees currently at BIEL

* UCSD Phantom Limb Study shows two thirds of patients with significant pain relief

* Extra Strength RecoveryRx has an oblong shaper antenna, hoping no new 510k will be needed

* Synergy agreement calls for 975,000 RecoveryRx units in the first 18 months

* Regulatory clearance is needed in 7 of the 25 countries involved before sales will begin, BIEL is working with Synergy to get the clearances

* KN said that he hoped to have the clearances in 3 week but we are dealing with 7 different countries