(TheNewswire)
Vancouver, BC – TheNewswire (July 22, 2024) - BYND Cannasoft Enterprises Inc. (Nasdaq: BCAN )(“ BYND ” or the “ Company ”), an integrated software company,announced today that its company’s name has been changed to Femto TechnologiesInc . (“ Femto ”) and that it launched its newwebsite: www.femtocorp.com . The Company’s CUSIP isnow 31447N105 and its ISIN is CA31447N1050. The Company’s tradingsymbol remains BCAN .
Femto, a pioneer in women’s care technologyinnovation, is committed to advancing women’s wellness andlifestyle, leveraging its proprietary "Smart ReleaseTechnology," or SRT, and core ability to innovate data-drivenproducts to spearhead the development of smart products in the sectorsof intimacy, sports, hair, and cosmetics.
The Company’s flagship intimacy product, equippedwith SRT technology, an app, and machine learning personalizedabilities, is in its final pre-launch stages. With the Global WellnessInstitute predicting the women’s wellness economy’s growth toreach $8.5 trillion by 2027*, Femto is positioned at the forefront oftechnological innovation.
Innovative Product Line-Up
Femto intends to redefine skincare with its smartcosmetic face device, utilizing smart release technology alongsideinterchangeable serum capsules. This innovation allows users toseamlessly transition between treatments, catering to a variety ofskin needs. The integration of LED light therapy and gentle vibrationsensures optimal serum absorption, making every skincare a smart andpersonalized experience.
In the hair wellness arena, Femto’s proprietarytechnology has given rise to an innovative hair growth brush, designedto optimize hair treatment. By combining LED light therapy, gentlevibrations, and essential nutrient capsules, this brush aims to fosteran ideal environment for hair growth, ensuring comprehensive care forevery hair follicle.
Venturing into women’s sports, Femto’s developmentof a muscle pain relief regulator illustrates the company’sdedication to enhancing athletic performance and recovery. Thiswearable technology merges heat therapy, vibration, and gelapplication in a user-friendly design, offering targeted relief andmuscle recovery support.
“We are thrilled to announce this name change,highlighting our strategic focus and growth abilities,” stated YftahBen Yaackov, CEO of Femto. “We are fully committed to developingsolutions that address the unique wellness needs of women everywhere.These pioneering developments aim to solidify Femto’s leadership inthe wellness and lifestyle technology sector, emphasizing ourcommitment to improving women’s lives worldwide.”
About Femto Technologies Inc.
Femto, previously known as BYND Cannasoft, aims tobecome serve a beacon of transformative change in the sphere of femalehealth and wellness. Through proprietary Smart Release Technology anda dedication to creating smart, women-centric products, Femto isestablishing new benchmarks in the wellness industry.
Femto is an Israeli-basedintegrated software company. Femto owns and markets "Benefit CRM", a proprietarycustomer relationship management (CRM) software product enabling smalland medium?sized businesses to optimize their day?to?daybusiness activities such as sales management, personnel management,marketing, call center activities, and asset management.
Femto owns the patent-pendingintellectual property for the EZ-G device. This therapeutic deviceuses proprietary software to regulate the flow of low concentrationsof CBD oil, hemp seed oil, and other natural oils into the softtissues of the female reproductive system to potentially treat a widevariety of women's health issues. The EZ-G device includestechnological advancements as a sex toy with a more realistic experience and the prototype utilizes sensors todetermine what enhances the users' pleasure. The user can control thedevice through a Bluetooth app installed on a smartphone or otherportable device. The data will be transmitted and received from thedevice to and from the secure cloud using artificial intelligence(AI). The data is combined with other antonymic user preferences toimprove its operation by increasing sexual satisfaction.Commercialization of the EZ-G device is subject to receipt ofregulatory approvals.
The devices described in this news release are conceptdevices that are in the first stage of development and will be subject to testing, experimentsand regulatory approvals and therefore there is no certainty that theywill eventually be marketed.
For further information please refer to the Company’snew website: www.femtocorp.com and on SEDAR+: www.sedarplus.ca .
Gabi Kabazo
Chief Financial Officer
Tel: (604) 833-6820
e?mail: ir@femtocorp.com
Cautionary NoteRegarding Forward-Looking Statements
This press release includes certain statements that maybe deemed “forward-looking statements” within the meaning ofSection 27A of the U.S. Securities Act of 1933, as amended, andSection 21E of the U.S. Securities Exchange Act of 1934, as amendedand under Canadian securities laws. When used in this press release,the words “may”, “would”, “could”, “will”,“intend”, “plan”, “anticipate”, “believe”,“estimate”, “expect” and similar expressions are intended toidentify forward?looking statements. Such statements are subject tocertain risks and uncertainties, and actual circumstances, events orresults may differ materially from those projected in suchforward-looking statements.
Although the Company believes the expectationsexpressed in such forward-looking statements are based on reasonableassumptions, such statements are not guarantees of future performance,and actual events or developments may differ materially from those inforward-looking statements. Such forward-looking statementsnecessarily involve known and unknown risks and uncertainties, whichmay cause the Company’s actual performance and financial results infuture periods to differ materially from any projections of futureperformance or results expressed or implied by such forward-lookingstatements. Such statements reflect the Company's current views withrespect to future events and are subject to such risks anduncertainties. Many factors could cause actual results to differmaterially from the statements made, including future financialperformance, unanticipated regulatory requests and delays, finalpatents approval, and those factors discussed in filings made by thecompany with the Canadian securities regulatory authorities, including(without limitation) in the company's management's discussion andanalysis for the year ended December 31, 2023 and annual informationform dated April 2, 2024, which are available under the company'sprofile at www.sedarplus.ca, and in the Company’s Annual Report onForm 20-F for the year then ended that was filed with the U.S.Securities and Exchange Commission on April 3, 2024. Should one ormore of these factors occur, or should assumptions underlying theforward-looking statements prove incorrect, actual results may varymaterially from those described herein as intended, planned,anticipated, or expected. We do not intend and do not assume anyobligation to update these forward?looking statements, except asrequired by law. Any such forward-looking statements represent management's estimates as of the date of this pressrelease. While we may elect to update such forward-looking statementsat some point in the future, we disclaim any obligation to do so, evenif subsequent events cause our views to change. Shareholders arecautioned not to put undue reliance on such forward?lookingstatements.
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