Mr. Arun Menawat reports

SAVE THE DATE: PROFOUND MEDICAL TO HOST VIRTUAL ANALYST & INVESTOR DAY ON OCTOBER 13

Profound Medical Corp. will host an analyst and investor day event on Friday, Oct. 13, 2023, from 1 p.m. to approximately 3:30 p.m. ET.

"The program will feature presentations on Tulsa-Pro and its unrivalled flexibility to treat a wide variety of prostate disease patients from key opinion leaders in the United States who have gained first-hand experience with the technology," commented Arun Menawat, Profound's chief executive officer and chairman. "In addition, members of Profound's management team will provide clinical, technology and commercial updates, with a focus on the future of Tulsa-Pro. Finally, participants will hear testimonials from prostate disease patients that have undergone the Tulsa procedure."

The live interactive event will be hosted on the company's website under webcasts in the investors section. For individuals who are unable to attend the meeting live, an archived recording will be made available as soon as practicable on the website after the live event concludes.

About Profound Medical Corp.

Profound is a commercial-stage medical device company that develops and markets customizable, incision-free therapies for the ablation of diseased tissue.

Profound is commercializing Tulsa-Pro, a technology that combines real-time MRI, robotically driven transurethral ultrasound and closed-loop temperature feedback control. Tulsa-Pro is designed to provide customizable and predictable radiation-free ablation of a surgeon-defined prostate volume while actively protecting the urethra and rectum to help preserve the patient's natural functional abilities. Tulsa-Pro has the potential to be a flexible technology in customizable prostate ablation, including intermediate stage cancer, localized radio-recurrent cancer, retention and hematuria palliation in locally advanced prostate cancer, and the transition zone in large volume benign prostatic hyperplasia (BPH). Tulsa-Pro is CE marked, Health Canada approved, and 510(k) cleared by the U.S. Food and Drug Administration (FDA).

Profound is also commercializing Sonalleve, an innovative therapeutic platform that is CE marked for the treatment of uterine fibroids and palliative pain treatment of bone metastases. Sonalleve has also been approved by the China National Medical Products Administration for the non-invasive treatment of uterine fibroids and has FDA approval under a humanitarian device exemption for the treatment of osteoid osteoma. The company is in the early stages of exploring additional potential treatment markets for Sonalleve, where the technology has been shown to have clinical application, such as non-invasive ablation of abdominal cancers and hyperthermia for cancer therapy.