Inspira Technologies announces progress on $49.5 million in binding purchase orders, nearing final budgetary validation and fund allocation stages.
Quiver AI Summary
Inspira Technologies OXY B.H.N. Ltd. announced significant progress regarding its binding purchase orders, totaling $49.5 million, which are advancing through the final stages of government procurement processes. Specifically, 91% of these orders have passed commercial and administrative reviews and are now undergoing final budgetary authorization before funds can be released, aligned with expected revenue recognition in the 2026 fiscal year. CEO Dagi Ben-Noon emphasized the company's commitment to working with distribution partners and government officials to convert their backlog into delivered systems. Inspira Technologies focuses on advanced respiratory support and blood monitoring solutions, including its FDA-cleared INSPIRA™ ART100 system and the upcoming INSPIRA ART500 system.
Potential Positives
- The company has achieved significant progress in its binding purchase orders, with $22.5 million and $27 million now in the final budgetary validation stage.
- Approximately 91% of the purchase orders have cleared commercial and administrative reviews, indicating strong movement towards fund release.
- The expected revenue recognition from these orders is anticipated during the 2026 fiscal cycle, positioning the company for financial growth in the near term.
Potential Negatives
- Significant reliance on governmental approval processes introduces uncertainty and could delay potential revenue recognition, impacting financial forecasts.
- Forward-looking statements indicate that actual outcomes may differ materially from expectations, raising concerns about the reliability of the company's projections.
- Absence of immediate revenue generation despite binding purchase orders suggests potential cash flow issues in the near term.
FAQ
What recent updates has Inspira Technologies announced?
Inspira Technologies announced progress on its binding purchase orders, advancing to final budgetary validation with significant procurement milestones achieved.
What are the values of the binding purchase orders?
The binding purchase orders announced are valued at $22.5 million and $27 million, respectively.
When is payment and revenue recognition expected?
Payment and revenue recognition related to the purchase orders are expected during the 2026 fiscal cycle.
What products does Inspira Technologies specialize in?
Inspira Technologies specializes in advanced respiratory support and real-time blood monitoring solutions, including the INSPIRA™ ART100 system.
How can I contact Inspira Technologies for more information?
You can contact Inspira Technologies via email at [email protected] or by phone at +972-9-9664485.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
RA'ANANA, Israel, Jan. 21, 2026 (GLOBE NEWSWIRE) -- Inspira™ Technologies OXY B.H.N. Ltd. (NASDAQ: IINN,IINNW) ("Inspira" or the "Company"), a pioneer in innovative life-support and diagnostic technologies, today provided an update highlighting significant progress in the execution of its previously announced binding purchase orders.
The Company has received a formal notification from its distribution partner that the $22.5 million and $27 million binding purchase orders, originally announced on July 2, 2025 and August 19, 2025, respectively, have advanced to the final budgetary validation and fund allocation stage within the relevant governmental authorities' procurement processes.
According to the notification, approximately 91% of the purchase orders have cleared commercial and administrative review stages and are now undergoing final budgetary authorization procedures, which represent the concluding administrative step before fund release and operational execution, subject to completion of customary governmental approval processes.
As previously disclosed in the Company's December 23, 2025 update, payment and revenue recognition relating to these purchase orders is expected during 2026 fiscal cycle, aligned with the completion of the governmental budgetary cycle and subsequent deployment milestones.
The Company has completed its internal preparations for execution and will provide further updates as material milestones are reached.
Dagi Ben-Noon, Chief Executive Officer of Inspira, commented: "We continue to work closely with our distribution partners and governmental stakeholders on the execution of these purchase orders. Advancement to the final budgetary stage is a procedural step in complex international procurement processes. We remain focused on converting our contracted backlog into delivered systems and recognized revenue."
About Inspira Technologies
Inspira Technologies is a commercial-stage medical device company specializing in advanced respiratory support and real-time blood monitoring solutions. The Company’s FDA-cleared INSPIRA™ ART100 system is approved for cardiopulmonary bypass in the U.S. and ECMO (Extracorporeal Membrane Oxygenation) procedures outside the U.S and serves as a foundation for the development of the INSPIRA ART500, a next-generation system designed to deliver oxygenation while patients remain awake and spontaneously breathing. Inspira Technologies is also advancing HYLA™, a proprietary blood sensor platform offering continuous, non-invasive monitoring. With multiple cleared products, a growing IP portfolio, and strategic streamlining of its operations, Inspira Technologies is increasingly positioned as an attractive platform within the life-support and MedTech landscape. For more information, visit: https://inspira-technologies.com.
Forward-Looking Statements
This press release contains express or implied forward-looking statements pursuant to U.S. federal securities laws. These forward-looking statements are based on the current expectations of the management of the Company only and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. For example, the Company is using forward-looking statements when it discusses the status, progression, and potential execution of its previously announced binding purchase orders, the completion of remaining governmental budgetary validation, authorization, and fund allocation procedures, the timing thereof, fund release, delivery, deployment, payment and revenue recognition related to these purchase orders, the Company’s operational readiness to execute and fulfill the agreements, and the conversion of its contracted backlog into delivered systems and recognized revenue. These forward-looking statements and their implications are based solely on the current expectations of the Company's management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Except as otherwise required by law, the Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in the Company's annual report on Form 20-F for the fiscal year ended December 31, 2024, filed with the U.S. Securities and Exchange Commission (the “SEC”), which is available on the SEC's website at
www.sec.gov
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Company Contact
Inspira Technologies
Email:
[email protected]
Phone: +972-9-9664485