{"id":772645,"date":"2023-07-26T12:31:42","date_gmt":"2023-07-26T16:31:42","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nexalin-technology-announces-new-public-sector-division-to-capitalize-on-opportunities-to-serve-u-s-government-agencies\/"},"modified":"2023-07-26T12:31:42","modified_gmt":"2023-07-26T16:31:42","slug":"nexalin-technology-announces-new-public-sector-division-to-capitalize-on-opportunities-to-serve-u-s-government-agencies","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nexalin-technology-announces-new-public-sector-division-to-capitalize-on-opportunities-to-serve-u-s-government-agencies\/","title":{"rendered":"Nexalin Technology Announces New Public Sector Division to Capitalize on Opportunities to Serve U.S. Government Agencies"},"content":{"rendered":"
\n

HOUSTON, July 26, 2023 (GLOBE NEWSWIRE) — Nexalin Technology, Inc. <\/b>(the \u201cCompany\u201d or \u201cNexalin\u201d)\u00a0(Nasdaq: NXL; NXLIW) <\/b>today announced the formation of a new division, to be called \u201cNexalin America,\u201d aimed at fostering relationships within the U.S. Department of Defense, U.S. Department of Veterans Affairs, and U.S. Department of Health and Human Services. Nexalin America will focus on engaging and collaborating with these U.S. government agencies in order to enable their personnel to have access to, and benefit from, Nexalin\u2019s non-invasive, frequency-based, deep-brain stimulation devices.\u00a0 Nexalin anticipates the U.S. government\u2019s use of its groundbreaking technology to treat PTSD, traumatic brain injury, anxiety, depression, insomnia and other targeted indications. <\/p>\n

As part of its strategy in forming Nexalin America, the Company also announced that it has retained industry and government affairs veteran, Ryan Kane, CEO of RK Strategies, Inc., to support and lead \u201cNexalin America.\u201d Mr. Kane brings years of experience in developing and bolstering U.S. government partnerships on behalf of clients operating at the intersection of military, healthcare, and biodefense, including advocating on their behalf before the Department of Defense, the Department of Health and Human Services, as well as Congress and the White House.\u00a0 These efforts have also extended internationally, across Europe, Israel, the UAE, and South Korea. Previously, Mr. Kane worked for two U.S. Senators, five Members of the U.S. House of Representatives, and a Governor, with all of whom he maintains close relationships.<\/p>\n

Mark White, CEO of Nexalin Technology stated, \u201cWe are proud to announce the formation of Nexalin America to capitalize on the traction we are gaining within the military and various agencies of the U.S. government.\u00a0 We now have a growing body of clinical evidence supporting Nexalin’s new advanced 15 mAmp waveform and look forward to sharing some of this data at the upcoming 2023 Military Health System Research Symposium (\u201cMHSRS\u201d).\u00a0 We believe our innovative technology has an important role to play in supporting both active military personnel and veterans, many of whom suffer from mental health illnesses and the effects of traumatic brain injury.\u00a0 Moreover, we believe our technology offers an attractive alternative or supplement to traditional medications, which are often ineffective and may have significant and undesirable side effects.\u201d<\/p>\n

\u201cI am honored to work with Nexalin to help advance commercialization of the technology and support this expanded initiative within the government,\u201d commented Mr. Kane.\u00a0 \u201cI look forward to leveraging my deep relationships and experience, including the military, healthcare, and veterans affairs sectors, as we pursue collaborations within the U.S. government.\u00a0 Nexalin has made tremendous progress over the past year as evidenced by a growing body of clinical trials that support the efficacy of the device.\u00a0 We have already identified a number of opportunities, including potential avenues for non-dilutive funding. Moreover, we look forward to kicking off these activities in full force at the upcoming presentation at MHSRS in August, as part of the public launch of our U.S. government initiatives.\u201d<\/p>\n

\n About Nexalin Technology, Inc.<\/b>
\n
Nexalin designs and develops innovative neurostimulation products to uniquely and effectively help combat the ongoing global mental health epidemic. All of Nexalin\u2019s products are non-invasive and undetectable to the human body and were developed to provide relief to those afflicted with mental health issues. Nexalin utilizes bioelectronic medical technology to treat mental health issues. Nexalin believes its non-invasive, frequency-based, deep-brain stimulation medical devices can penetrate structures deep in the mid-brain that are associated with mental health disorders. Nexalin believes the deeper penetrating waveform in its Gen 2 and Gen 3 devices will generate enhanced patient response without any adverse side effects. The Nexalin device was recently approved in China by the National Medical Products Administration (NMPA) for the treatment of insomnia and depression. Additional information about the Company is available at: https:\/\/nexalin.com\/<\/u><\/a>. <\/p>\n

\n FORWARD-LOOKING STATEMENTS<\/strong>
\n
This press release contains statements that constitute “forward-looking statements,” These statements relate to future events or Nexalin\u2019s future financial performance. Any statements that refer to expectations, projections or other characterizations of future events or circumstances or that are not statements of historical fact (including without limitation statements to the effect that Nexalin or its management \u201cbelieves\u201d, \u201cexpects\u201d, \u201canticipates\u201d, \u201cplans\u201d, \u201cintends\u201d and similar expressions) should be considered forward looking statements that involve risks and uncertainties which could cause actual events or Nexalin\u2019s actual results to differ materially from those indicated by the forward-looking statements.\u00a0 Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s Report on Form 10-K for the year ended December 31, 2022 and other filings as filed with the Securities and Exchange Commission. Copies of such filings are available on the SEC’s website, www.sec.gov. Such forward-looking statements are made as of the date hereof and may become outdated over time. Such forward-looking statements are made as of the date hereof and may become outdated over time. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.<\/p>\n

\n Contact:<\/b>
\n
Crescendo Communications, LLC
Tel: (212) 671-1020
Email: NXL@crescendo-ir.com<\/u><\/a><\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

HOUSTON, July 26, 2023 (GLOBE NEWSWIRE) — Nexalin Technology, Inc. (the \u201cCompany\u201d or \u201cNexalin\u201d)\u00a0(Nasdaq: NXL; NXLIW) today announced the formation of a new division, to be called \u201cNexalin America,\u201d aimed at fostering relationships within the U.S. Department of Defense, U.S. Department of Veterans Affairs, and U.S. Department of Health and Human Services. Nexalin America will focus on engaging and collaborating with these U.S. government agencies in order to enable their personnel to have access to, and benefit from, Nexalin\u2019s non-invasive, frequency-based, deep-brain stimulation devices.\u00a0 Nexalin anticipates the U.S. government\u2019s use of its groundbreaking technology to treat PTSD, traumatic brain injury, anxiety, depression, insomnia and other targeted indications. As part of its strategy in forming Nexalin America, the Company also announced … <\/p>\n

Continue reading “Nexalin Technology Announces New Public Sector Division to Capitalize on Opportunities to Serve U.S. Government Agencies”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-772645","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nNexalin Technology Announces New Public Sector Division to Capitalize on Opportunities to Serve U.S. Government Agencies - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nexalin-technology-announces-new-public-sector-division-to-capitalize-on-opportunities-to-serve-u-s-government-agencies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nexalin Technology Announces New Public Sector Division to Capitalize on Opportunities to Serve U.S. Government Agencies - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"HOUSTON, July 26, 2023 (GLOBE NEWSWIRE) — Nexalin Technology, Inc. (the \u201cCompany\u201d or \u201cNexalin\u201d)\u00a0(Nasdaq: NXL; NXLIW) today announced the formation of a new division, to be called \u201cNexalin America,\u201d aimed at fostering relationships within the U.S. Department of Defense, U.S. Department of Veterans Affairs, and U.S. Department of Health and Human Services. Nexalin America will focus on engaging and collaborating with these U.S. government agencies in order to enable their personnel to have access to, and benefit from, Nexalin\u2019s non-invasive, frequency-based, deep-brain stimulation devices.\u00a0 Nexalin anticipates the U.S. government\u2019s use of its groundbreaking technology to treat PTSD, traumatic brain injury, anxiety, depression, insomnia and other targeted indications. 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