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GlucoTrack® Maker Hires Chief Operating Officer

January 13th, 2016

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GlucoTrack® Maker Hires Chief Operating Officer

Ashdod, Israel, January 12, 2016 /PRNewswire/ — Integrity Applications, Inc. (OTCQB: IGAP), maker of GlucoTrack®, a non-invasive device for measuring glucose levels of people with Type 2 diabetes and pre-diabetics, announced that it has hired Eran Cohen as its Chief Operating Officer (COO).

Mr. Cohen brings over 17 years of extensive and diversified experience in global executive roles in high growth companies in Israel and abroad. His previous positions include Vice  President of Operations, Vice President of Global Services and Vice President of Finance and Operations with leading NASDAQ high-tech and medical companies.  Most recently he was Vice President of Global Services for Lumenis Ltd., the world leader in the design, manufacture, marketing and servicing of laser and light based systems for aesthetic, ophthalmic, surgical and dental applications.  Prior to Lumenis Eran served as VP operations at Cadent that was acquired by Align Technologies (NASDAQ: ALGN). He has an Executive MBA from Tel-Aviv University, Recanati School of Management and BSc. in Economics and Management from the Technion, Israel Institute of Technology.

“We are very pleased to announce and welcome Eran as our Chief Operating Officer,” said Avner Gal, Integrity Applications President and CEO. “His operational experience, coupled with his hands on approach, will greatly benefit us as we bring the upgraded GlucoTrack device to market in 2016.  His position, as well as the International Sales and Business Development Manager position that we announced last month reflects our intent and preparation to aggressively execute the commercialization of our product.”

About GlucoTrack®

GlucoTrack® is a non-invasive device for measuring glucose levels of people with Type 2 diabetes or at risk of developing diabetes that does not require pricking of the fingers to draw blood for daily glucose monitoring.  GlucoTrack® features a small sensor that clips to the earlobe and measures the wearer’s glucose level by taking measurements using three technologies. The measured signals are analyzed using a proprietary algorithm and displayed on a small handheld device, the size of a mobile phone. The derived glucose measurement is also announced verbally, facilitating use by elderly and vision-impaired diabetes patients.

The GlucoTrack® Model DF-F is expected to begin clinical trials for United States FDA approval in early 2016, subject to approval of Integrity Applications’ clinical trials protocol by the FDA.

GlucoTrack® Model DF-F obtained a CE Mark approval in Europe (June 2013) and final CE Mark approval in March 2014 and recently received approval to market the device also to pre-diabetics.

GlucoTrack® Model DF-F is currently under assessment with the China Food and Drug Administration (CFDA) as well as food and drug governing bodies in Japan, South Korea Canada and Australia.

 

About Integrity Applications, Inc.

Integrity Applications, Inc. is a medical device company focused on the design, development and commercialization of non-invasive glucose monitoring devices for use by people with diabetes. Integrity Applications has developed the GlucoTrack® model DF-F non-invasive glucose monitoring device, which is designed to help people with diabetes obtain glucose level measurements without the pain, inconvenience, incremental cost and difficulty or discomfort of conventional (invasive) spot finger stick devices. Integrity Applications operates primarily through its wholly-owned Israeli subsidiary, A.D. Integrity Applications, Ltd. For more information, please visit www.integrity-app.com.

 

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as “expect” and “will” are intended to identify forward-looking statements. Readers are cautioned that certain important factors may affect Integrity Applications’ actual results and could cause such results to differ materially from any forward-looking statements that may be made in this news release. Factors that may affect Integrity Applications’ results include, but are not limited to, the ability of Integrity Applications to raise additional capital to finance its operations (whether through public or private equity offerings, debt financings, strategic collaborations or otherwise); risks relating to the receipt (and timing) of regulatory approvals (including FDA approval); risks relating to obtaining regulatory approval in the United States and in foreign jurisdictions; risks relating to the conduct of clinical trials; risks relating to its current and future distribution agreements; risks relating to its ability to hire and retain qualified personnel, including sales and distribution personnel;  and the additional risk factors described in Integrity Applications’ filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2015.

 

Contact:

Eran Hertz,
CFO Integrity Applications, +972 (8) 675-7878 Ext. 400, eranh@integrity-app.com

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