Bulletin
Investor Alert

press release

Oct. 23, 2020, 7:21 a.m. EDT

ScoutCam Announces Success of HD Micro Video Camera in NASA's Robotic Refueling Mission 3

OMER, Israel, Oct 23, 2020 (GLOBE NEWSWIRE via COMTEX) -- Use of micro ScoutCam 8.0 HD marks the customized visual solutions leader's second in-flight achievement with the U.S. space agency

OMER, Israel, Oct. 23, 2020 (GLOBE NEWSWIRE) -- ScoutCam (otcqb:SCTC), a leading developer and manufacturer of customized visual solutions and supplementary technologies, today announced the success of its micro ScoutCam 8.0 HD in NASA's third Robotic Refueling Mission (RRM3) , which was officially used in-orbit on October 19 [th] -22 [st] , 2020.

The micro camera serves as the borescope camera on NASA's Visual Inspection Poseable Invertebrate Robot 2 (VIPIR2), a robotic, multi-capability inspection tool, which was launched to the International Space Station on December 5, 2018. Custom-developed for NASA between 2015 and 2016, micro ScoutCam 8.0 HD features one module consisting of HD camera and illumination.

NASA's RRM3 builds on the first two phases of International Space Station technology demonstrations that tested tools, technologies, and techniques to refuel and repair satellites in orbit. The second phase of the Robotic Refueling Mission utilized micro ScoutCam 1.2, the first generation of the company's minuscule video camera.

"We are thrilled that micro ScoutCam 8.0 HD was a success in NASA's RRM3 mission," said Yaron Silberman, Chief Executive Officer of ScoutCam. "We strive to provide our customers with cutting-edge, custom technologies, and are pleased with our second success with NASA, as tools like micro ScoutCam 8.0 could be used to aid in the replenishment of vital supplies in space. We are especially proud that the continued collaboration is the result of an official global tender bid with the United States Government, where ScoutCam's technology was selected over that of other companies."

"During the test phase, micro ScoutCam 8.0 HD outperformed its already successful first generation predecessor," said Professor Benad Goldwasser, ScoutCam's Chairman of the Board. "The improvement showcased ScoutCam's ability to evolve with our changing technologies, and provide our customers with the solution they need to further their goals. We are extremely pleased with the outcome and the partnership overall."

In addition to its miniature size, the versatile micro ScoutCam 8.0 HD camera features state of the art customizable optics and noteworthy image quality. The waterproof device is also able to adapt in a variety of extreme temperatures, and withstand various vibrations, radiation and vacuums.

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on the Company's expectations, beliefs, assumptions and intentions regarding, among other things, its product-development efforts, business, financial condition, results of operations, strategies or prospects, as of the date of this news release. They are not guarantees of future performance. Forward-looking statements can be identified by the use of forward-looking words such as "believe," "expect," "intend," "plan," "may," "should" or "anticipate" or their negatives or other variations of these words or other comparable words or by the fact that these statements do not relate strictly to historical or current matters. The Company cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to the Company's reliance on third-party suppliers; market acceptance of our products by prospect markets and industries; the Company's ability to raise sufficient funding in order to meet the Company's business and financial goals; and certain other factors summarized in the Company's filings with the SEC. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.

About ScoutCam

ScoutCam is a leading provider of customized visual solutions for organizations across a variety of industries in the form of highly resistant micro cameras and supplementary technologies. ScoutCam devices are used across the medical, aerospace, industrial, research and defense industries. For more information please visit: https://www.scoutcam.com/our-technology

Media Contact
Yaron Silberman
info@scoutcam.com
+972 526 511 122

COMTEX_373283076/2471/2020-10-23T07:21:03

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

(C) Copyright 2020 GlobeNewswire, Inc. All rights reserved.

Link to MarketWatch's Slice.