An anonymous director reports

IZOTROPIC PROVIDES BUSINESS UPDATE

Izotropic Corp., in addition to pursuing the development of its IzoView device, has been exploring an enhanced go-to-market strategy with its IzoView platform, to potentially accelerate the time to market and/or broaden indications for use, in order to improve product's ROI (return on investment) to the hospitals and reduce time and cost to get to commercial readiness.

As a result, during the first quarter of 2023, the Company has been fully focused on the following three business initiatives:

Completing its operational plan for the current go-to-market strategy.

Investigating the alternative go-to-market approval pathways.

Identifying and securing new funding sources.

Details on each initiative:

The operational plan and financial model for the existing go-to-market strategy is now complete thanks to the active participation of the management and Board of Directors. The total addressable market in terms of devices and procedures, the average selling price, and the cost reduction roadmap have been well researched and summarized.

In December of 2022, the Company became aware of other possible market approval pathways to potentially accelerate time to market and expand the utility of IzoView. The discovery of alternative approaches has led to thorough investigation to accelerate time to market with alternative indications for use, including preparation of plans, data, and rationales to support accelerated market approval. If successful, the benefits will include reducing costs and expediting time to market while enabling the Company to continue to conduct clinical studies to support additional future claims. The Company has also enlisted new regulatory experts to advise on the accelerated approval proposal which will be presented and reviewed by FDA in an upcoming scheduled meeting.

The Company has been focused on identifying and pursuing funding sources that could provide injections of capital in tranches for both existing and broader business objectives. The plan is to secure capital in progressive tranches tied to milestones to limit dilution while building value and increasing the Company's market capitalization as progress is made. With the new operational plan and financial modelling completed, meetings are now being scheduled with funding sources that have expressed interest.

About Izotropic Corporation

Izotropic Corporation is the only publicly traded company commercializing a dedicated breast CT imaging platform, IzoView, for the more accurate detection and diagnosis of breast cancers. To expedite patient and provider access to IzoView, Izotropic's initial clinical study intends to demonstrate superior performance of diagnostic breast CT imaging over diagnostic mammography procedures. In follow-on clinical studies, Izotropic intends to validate platform applications, including breast screening in radiology, treatment planning and monitoring in surgical oncology, and breast reconstruction and implant monitoring in plastic and reconstructive surgery.

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