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Press release content from Business Wire. The AP news staff was not involved in its creation.
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Press release content from Business Wire. The AP news staff was not involved in its creation.

Nanowear Receives FDA 510(k) Platform Clearance to Implement Forthcoming AI-based Diagnostics in its Closed Loop Hospital-at-Home Network

September 28, 2021 GMT
Nanowear is the leading hospital-at-home and remote diagnostics company with an AI-enabled and FDA cleared wearable platform built with nanotechnology-enabled sensors. (Graphic: Business Wire)
Nanowear is the leading hospital-at-home and remote diagnostics company with an AI-enabled and FDA cleared wearable platform built with nanotechnology-enabled sensors. (Graphic: Business Wire)
Nanowear is the leading hospital-at-home and remote diagnostics company with an AI-enabled and FDA cleared wearable platform built with nanotechnology-enabled sensors. (Graphic: Business Wire)

NEW YORK--(BUSINESS WIRE)--Sep 28, 2021--

Nanowear, a leading hospital-at-home and remote diagnostic platform informed by proprietary cloth nanotechnology and AI, today announced that it received its third FDA 510(k) clearance and first software-only clearance as an end-to-end digital platform, illustrating unique capabilities available to enterprise customer channels across a broad spectrum of diagnostic and monitoring verticals. This clearance enables Nanowear to implement standalone AI and deep learning algorithms that will inform remote diagnoses as Software-as-a-Medical Device (SaMD). Future clearances include, but are not limited to, diagnosing or monitoring of hypertension, COPD, sleep apnea, worsening heart failure and post-surgical recovery.

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Nanowear is the leading hospital-at-home and remote diagnostics company with an AI-enabled and FDA cleared wearable platform built with nanotechnology-enabled sensors. (Graphic: Business Wire)

“AI has the invaluable ability to assist healthcare providers and payers in tracking complex biological systems and individual risk patterns within the human body where the data is inherently high-dimensional,” said Peter Norvig, Director of Research at Google and co-author of the most popular textbook in artificial intelligence, Artificial Intelligence: A Modern Approach, used in more than 1,500 universities in 135 countries. “When time-synchronously tracking a complex system like a patient’s heart, lungs and upper vascular system, the data captured needs to match the system’s level of complexity. Nanowear’s 85+ biomarkers of high-fidelity data within a closed loop system enables unique AI and deep learning algorithms to ensure that need is met.”

Nanowear’s SimpleSense uses its proprietary cloth-based smart nanosensor technology to capture and analyze these low-noise, 85+ hospital-grade biomarkers using time-synchronous scattering methods.

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“The largest bottleneck for any AI deployment is data preparation, which can take 70% - 80% of the time in any given application,” said Venk Varadan, co-founder and CEO of Nanowear. “Unlike wrist or armband device-enabled hospital-at-home platforms that do not yield high-fidelity longitudinal data, our SimpleSense platform utilizes clinical-grade biomarkers with a high SNR (signal-to-noise ratio). The time required to see results with our neural network is significantly shorter, meaning we have the profound ability to scale the capabilities of our platform immediately. SimpleSense already reduces provider workflow and patient time by approximately 60%; but the long-term value is that SimpleSense truly does get smarter with each patient.”

This FDA 510(k) clearance establishes Nanowear’s core data assets, secures existing data architecture, and unifies the digital platform through guiding principles like security, privacy, modularity, scalability, interoperability and utility. This unified digital platform integrates hospital-grade nanosensors, telehealth software and AI-driven decision support to radically transform virtual care and enable providers to triage risk profiles of the cardio, pulmonary and upper vascular systems of patients while they are in the comfort of their own home.

For more information, please visit www.nanowearinc.com.

About Nanowear:
Nanowear is a leading hospital-at-home and remote diagnostics company with an AI-enabled and FDA cleared platform built with nanotechnology-enabled sensors. Their wearable sash provides AI-assisted continuous time synchronous electrophysiological, hemodynamic, acoustic, metabolic and activity monitoring. The end-to-end solution is a radical leap forward in telemedicine and empowers physician decision-making with scored, clinical-grade and real-time diagnostic data through a cost effective, gender-neutral, size adjustable, undergarment.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210928005369/en/

CONTACT: Rachel Reed

Director, Marketing and Communications

rachel@nanowearinc.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: HEALTH TECHNOLOGY OTHER TECHNOLOGY NANOTECHNOLOGY OTHER HEALTH SOFTWARE

SOURCE: Nanowear

Copyright Business Wire 2021.

PUB: 09/28/2021 11:00 AM/DISC: 09/28/2021 11:02 AM

http://www.businesswire.com/news/home/20210928005369/en