Investor Alert

press release

Feb. 18, 2021, 8:01 a.m. EST

ScoutCam Appoints Professor Jacob Bortman, Brigadier General (Ret.) Head of Material Directorate of the Israeli Air Force as Director of Business Development Industry 4.0

OMER, Israel, Feb 18, 2021 (GLOBE NEWSWIRE via COMTEX) -- OMER, Israel, Feb. 18, 2021 (GLOBE NEWSWIRE) -- ScoutCam (otcqb:SCTC), a leading developer and manufacturer of customized micro visual solutions and supplementary technologies, today announced the appointment of Professor Jacob Bortman as director of its business development in the field of Industry 4.0.

Prof. Bortman brings to ScoutCam an accomplished military background where he reached the rank of Brigadier General (Ret.) in the Israeli Air Force (IAF). Prof. Bortman most recently held the post of IAF's Head of Material Directorate, where he oversaw the maintenance of all IAF aircraft, and prior to that served as both its Head of the Aircraft Department and Head of the UAV and Space Department. Following his retirement from the IAF, Prof. Bortman transitioned to academia where he now teaches and researches as a professor of mechanical engineering at Ben-Gurion University in Israel.

Prof. Bortman will help ScoutCam identify business opportunities in the fields of maintenance and predictive maintenance in order to help maximize the business and market value of some of the Company's most lucrative proprietary technologies, including its highly resilient micro-video cameras, wired and wireless transmission technologies and more.

Prof. Bortman cited several of ScoutCam's recently publicized achievements within his industry of expertise as reasons for why he was drawn to the Company, including NASA's use of ScoutCam's cameras in orbit, ScoutCam securing a global tender issued by the US Government to provide NASA with micro video cameras and appearing on the US government's list of approved suppliers. In particular, Prof. Bortman underscored that "the use of ScoutCam's micro-video cameras as sensors in the Industry 4.0 market may help transform and expand the financial opportunities in the predictive maintenance market. That ScoutCam's cameras were proven, in a NASA mission, to be highly resistant under extreme, extra-terrestrial conditions (minus 127 degrees centigrade, cosmic radiation, extreme vibrations and vacuum) signals to me that ScoutCam's products are equipped with the level of ingenuity and quality necessary for succeeding in sectors such as aerospace, renewable energy, atomic energy and more."

"We are excited to join forces with Prof. Bortman and to tap into his unique expertise" said Dr. Yaron Silberman, Chief Executive Officer of ScoutCam. "Here at ScoutCam, we view Industry 4.0 as a lucrative and enticing new frontier for the application of our technologies, and Prof. Bortman allows us to enter the space with a competent and vastly experienced guide."

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

Media Contact
Yaron Silberman
+972 526 511 122

Cautionary Note Regarding 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, our ability to maximize the economic potential and monetize the technology covered in the press release; the material and positive effect Professor Jacob Bortman's appointment will have on our business and operations, specifically in the area of Industry 4.0; our ability to succeed, operationally and monetarily, in the Industry 4.0 sector as well as other industries and sectors described in the press release; risks and uncertainties relating to our reliance on third-party suppliers; market acceptance of our products by prospect markets and industries; our ability to raise sufficient funding in order to meet our business and financial goals; and certain other factors summarized in our filings with the Securities and Exchange Commission. 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.


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