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Submitted FDA 510(k) Application and Passed FDA Administrative Review for the mBocirc;s TKA SystemSecured Initial Strategic Multicenter Clinical Trial Collaboration with Shalby LimitedManagement to Host Business Update Conference Call Today at 4:30 p.m. Eastern Time AUSTIN, TX / ACCESSWIRE / August 14, 2024 / Monogram Technologies Inc. (NASDAQ:MGRM) ("Monogram" or the "Company"), an AI-driven robotics company focused on improving human health with an initial focus on orthopedic surgery, has reported its financial and operational results for the second quarter ended June 30, 2024.Second Quarter 2024 and Subsequent Operational HighlightsSubmitted a 510(k) premarket filing to the U.S. Food and Drug Administration (FDA) for the Company's mBôs TKA System and passed the FDA Administrative Review.Secured initial strategic collaboration with Shalby Limited ("Shalby"), a global multi-specialty hospital chain and one of India's leading orthopedic hospital groups, to conduct a multicenter clinical trial to demonstrate the safety and effectiveness of the mBȏs TKA System.Completed corporate name change to Monogram Technologies reflecting its continued evolution as an AI-driven robotics company with a strong IP position.Hosted an Investor and Analyst Tour at its headquarters in Austin, Texas, showcasing a product demonstration of mBôs Precision Robotic Surgical System and mVision TechnologiesLaunched a continuous offering of 8.00% convertible preferred stock and warrants.Management Commentary"In the second quarter we made significant progress on key milestones with a 510(k) premarket filing to the FDA for our mBôs TKA System, and a new partnership to begin clinical trials in India," said Ben Sexson, Chief Executive Officer of Monogram. "The application passed the FDA Administrative Review, and a decision is expected within 90 days of the initial submission, although the process may take longer if additional information is requested. We believe this is a very strong application at over 28,000-pages, and the culmination of over eight years and thousands of hours, comprising verification and validation from numerous, extremely rigorous tests including simulated cadaveric surgeries by fifteen surgeons."Our clinical trial collaboration with Shalby Limited, a global multi-specialty hospital chain and one of India's leading orthopedic hospital groups follows this 510(k) submission, setting the stage for the international launch of the mBȏs TKA System

The GS500 AI vision system features the innovative GS500-MIPI camera, equipped with the world's first intelligent vision sensor IMX500 from Sony, and powered by their edge AI sensing platform, AITRIOS™, which together, allow for advanced AI processing capabilities and high-end edge AI processing.Powered by a 12-megapixel sensor, the Leopard Imaging GS500 AI vision system excels in deciphering scenes and handling machine-learning tasks directly on the camera. This system offers high speed and security, featuring edge AI and a scalable architecture.Installation and maintenance are easy with network options like PoE, WiFi, and LTE-CatM1, along with OTA AI and app updates.Data minimization is a key feature with Sony's IMX500 sensor, ensuring data anonymization at the front edge and implementing top-level data protection. Images are processed to derive metadata at capture, and image capture occurs only when necessary. This mechanism reduces data storage and transfer, making the GS500 AI vision system a secure and reliable choice for various applications, including smart city infrastructure, robotic vision, and industrial automation."Leopard's new solution, leveraging Sony Semiconductor Solutions' IMX500, creates a versatile, outdoor, edge AI camera for smart city use cases like traffic counting, curb management, parking occupancy, pedestrian safety, and more. We are pleased to welcome another camera partner into Sony's growing AITRIOS™ ecosystem, expanding offerings for our customers that work under a variety of IoT environments." - Yu Kitamura, Program Manager for Smart Cities, Sony Semiconductor SolutionsIn 2023, Leopard Imaging won first place in the Pedestrian Safety Challenge Hackathon Competition co-sponsored by the tinyML Foundation, and the City of San José, with technology partner, Sony Semiconductor Solutions. This competition laid a solid foundation for the GS500 AI system research and development