Avalon GloboCare Extends Exclusivity Agreement to Distribute KetoAir Breathalyzer Device and AI-Enabled Software in North America, South America, United Kingdom and European Union
28 Marzo 2024 - 2:00PM
Avalon GloboCare Corp. (“Avalon” or the “Company”) (NASDAQ:
ALBT), a developer of innovative cell-based technology,
cellular therapy and precision diagnostics, is pleased to announce
the extension of its exclusive distribution agreement with Qi
Diagnostics Limited (“Qi Diagnostics”) to distribute the KetoAir™,
a breathalyzer device and related accessories, including current
and future models, in key regions including North America, South
America, the United Kingdom, and the European Union.
KetoAir™ is a pioneering breathalyzer device
equipped with AI-enabled software, designed for ketogenic health
management (United States FDA registration number: 3026284320).
Through the integration of nanosensor-based technology and advanced
AI algorithms, the KetoAir™ breathalyzer not only measures the keto
status but also logs diet records directly into the KetoAir app,
available in the Apple App store and Google Play store.
Moreover, the AI nutritionist within the app
offers personalized nutritional and exercise recommendations
tailored to each user's health goals. It marks the first of its
kind in the market, offering users a comprehensive solution to
monitor and optimize their ketosis state and body fat burning rate.
The device provides accurate and instant results with a single
blow, enabling users to track how different foods and activities
impact their ketone level.
“We are excited to extend our exclusive
distribution agreement for KetoAir™ with Qi Diagnostics,” stated
David Jin, M.D., Ph.D., President and Chief Executive Officer of
Avalon GloboCare. “KetoAir™ is the first breathalyzer on the market
that uses an AI nutritionist bundled with a nanosensor-based
breathalyzer for ketogenic health management. Our primary focus
will be on targeting the diabetes reversal and obesity management
markets. Given the effectiveness of the ketogenic diet as a
treatment option for both diabetes and weight management, we
believe there is tremendous potential in addressing these critical
health concerns. With the soft launch planned for 2024 and a
full-scale launch in 2025, we are excited to bring KetoAir™ to
individuals seeking to enhance their health and wellness
journey."
About Avalon GloboCare Corp.
Avalon GloboCare Corp. (NASDAQ: ALBT) is a
clinical-stage biotechnology company dedicated to developing and
delivering innovative, transformative cellular therapeutics,
precision diagnostics, and clinical laboratory services. Avalon
also provides strategic advisory and outsourcing services to
facilitate and enhance its clients’ growth and development, as well
as competitiveness in healthcare and CellTech industry markets.
Through its subsidiary structure with unique integration of
verticals from innovative R&D to automated bioproduction and
accelerated clinical development, Avalon is establishing a leading
role in the fields of cellular immunotherapy (including CAR-T/NK),
exosome technology (ACTEX™), and regenerative therapeutics. For
more information about Avalon GloboCare, please visit
www.avalon-globocare.com.
For the latest updates on Avalon GloboCare’s
developments, please follow our twitter at @avalongc_avco
Forward-Looking Statements
Certain statements contained in this press
release may constitute “forward-looking statements.”
Forward-looking statements provide current expectations of future
events based on certain assumptions and include any statement that
does not directly relate to any historical or current fact,
including statements regarding the ability to enter into a
definitive agreement, as well as the commercialization and
distribution of KetoAir. Actual results may differ materially from
those indicated by such forward-looking statements as a result of
various important factors as disclosed in our filings with the
Securities and Exchange Commission located at their website
(http://www.sec.gov). In addition to these factors, actual future
performance, outcomes, and results may differ materially because of
more general factors including (without limitation) general
industry and market conditions and growth rates, economic
conditions, and governmental and public policy changes. The
forward-looking statements included in this press release represent
the Company's views as of the date of this press release and these
views could change. However, while the Company may elect to update
these forward-looking statements at some point in the future, the
Company specifically disclaims any obligation to do so. These
forward-looking statements should not be relied upon as
representing the Company's views as of any date subsequent to the
date of the press release.
Contact Information: Avalon GloboCare Corp.4400
Route 9, Suite 3100Freehold, NJ
07728PR@Avalon-GloboCare.com
Investor Relations:Crescendo Communications, LLCTel: (212)
671-1020 Ext. 304albt@crescendo-ir.com
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