Hello Everyone,
Our last profile closed a hair under the high of the day and we want you to keep an eye on it this upcoming week.
We have another profile with several catalysts that we want you to take a look at for Today’s session.
Pull up BCAN immediately.
In the adult toy industry, AI and wearable pleasure toys have the potential to revolutionize the market, which is expected to be worth $62.32 billion by 2030 according to one report.
This one has a few catalysts to look at:
Extremely Low Float: Less than 1.2M shares available in its public float according to Finviz.
Huge Market: The global s/e-xual wellness market is projected to be worth $125B by 2026 with the se/x-tech market expected to reach $62.32B by 2030.
Intellectual Property: Positive news on patent applications could prove to be a significant catalyst in 2023.
Early-mover advantage: As an early mover in the AI-powered adult toy market, they have the potential to establish itself as a leading player in the industry, providing a competitive edge over later entrants.
Strong Insider Ownership: Insiders own over 64% of the shares as of 3/2/2023 according to Finviz.
On January 17, 2023, BYND Cannasoft Enterprises Inc. (Nasdaq: BCAN) (CSE: BYND) announced that in addition to the US Provisional Patent Application with serial number 63/297,009 that was filed on January 6, 2022, covering the monitoring and controlling aspects of its EZ-G device, the company filed a full-scale PCT application on January 5, 2023, under serial number PCT/IL2023/050016. .
The PCT application is based on BYND Cannasoft’s prototype of the EZ-G device that is currently under development and its operational aspects as a learning adult device. The PCT application further claims priority from the US Provisional application and covers an adult device with a structure and one or more moving and vibrating elements.
In addition to potentially treating annoying phenomena in the female reproductive system, the EZ-G device includes technological advancements as a sex toy with a more realistic experience. The EZ-G device prototype uses sensors like a pressure sensor, temperature sensor, conductivity sensor, and heart rate sensor to determine what specifically enhances the users’ pleasure.
The EZ-G device uses artificial intelligence (AI) to transmit and receive data from the device’s sensors on conditions of the user’s sexual organs, such as moisture levels and pressure variations due to muscle contraction. The EZ-G prototype includes a Bluetooth component for controlling the adult device via an app installed on a smartphone or other portable device to collect user information about preferences and generate custom programs.
The data collected from the sensors is uploaded to the secured cloud, where it is combined with other antonymic user preferences, including the actual duration of operation of the adult device, lubrication level, and the ideal vibration level.
Please Read the Full Profile Here: https://insiderfinancial.com/newalert
Sincerely,
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