Reliq Health Technologies, Inc. (OTCQB: RQHTF) is engaged as a technology company that develops remote patient monitoring and telemedicine services. Shares of the healthcare technology company are rallying 15.04%, through early trading on Thursday, November 9, 2017. Over the past month, Reliq Health Technologies, Inc. has seen average daily volume of 83,942 shares. However, volume of 56,066 shares or dollar volume of $30,584, has already exchanged hands on the day.
Shares of Reliq Health Technologies, Inc. (OTCQB: RQHTF) are gaining today, after the company announced that it has received its second milestone payment from NextGen Applications, LLC. The contract’s total value is $1.22 million and involves licensing to utilize Reliq Health Technologies, Inc.’s proprietary iUGO Care platform. Here is the full press release detailing of the second milestone payment:
Reliq Health Technologies, Inc. Press Release:
VANCOUVER, British Columbia, Nov. 09, 2017 (GLOBE NEWSWIRE) — Reliq Health Technologies, Inc. (TSXV:RHT) (OTCQB:RQHTF) (“Reliq” or the “Company”), a technology company focused on developing innovative remote patient monitoring, care coordination and telemedicine solutions for Community-Based Healthcare, is pleased to announce that it has received the second milestone payment from NextGen Applications LLC of San Antonio, TX (“NextGen” – NextGenApplicationsLLC.com, firstname.lastname@example.org) per the contract between Reliq and NextGen. The contract, whose total value is $1.22 Million USD, provides NextGen with professional services and a limited license to Reliq’s proprietary iUGO Care platform, specifically for the development of a consumer focused mobile health app (“mTelecare App”), providing service to the greater San Antonio area before expanding elsewhere throughout the U.S.
“We are pleased to have achieved the second milestone in this contract on schedule,” said Dr. Lisa Crossley, CEO of Reliq Health. “NextGen’s initiative to improve health outcomes and enhance access to care through the mTelecare App is directly aligned with Reliq’s focus on Community-Based Healthcare. Working in conjunction with NextGen Applications, we will be able to leverage our existing platform to create a customized mobile health app that will allow the residents of San Antonio and elsewhere to proactively manage their own health.”
“NextGen’s partnership with Reliq Health will allow us to utilize their existing mHealth platform to provide a novel, innovative mobile healthcare solution to the citizens of San Antonio and surrounding area,” said a spokesperson of NextGen Applications. “The resulting mTelecare mobile app will provide a telemedicine platform that connects patients to doctors and nurses anywhere where there is internet access. mTelecare will support secure video consults for patients with doctors and nurses, providing patients with professional care from the comfort of their own home. The mTelecare app will also provide automated prescription refills, search tools for healthcare services, a personalized health calendar with push notifications, reminders and a suite of billing and payment tools. mTelecare will provide greater access to healthcare, while at the same time reducing healthcare costs.”
The City of San Antonio, Texas is the seventh most populated city in the United States and the second most populated city in Texas, with a population of over 1.4 Million residents.
The Company is also pleased to announce that it will be hosting a investor call on December 1, 2017 at 8:00am PST/11:00am EST. Please visit the Company’s website (www.reliqhealth.com) the week of November 20, 2017 for call in details and information on how to submit your questions electronically in advance of the call.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements Regarding Forward Looking Information
Certain statements in this press release constitute forward-looking statements, within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are “forward-looking statements”.
We caution you that such “forward-looking statements” involve known and unknown risks and uncertainties that could cause actual and future events to differ materially from those anticipated in such statements.
Forward-looking statements include, but are not limited to, statements with respect to commercial operations, including technology development, anticipated revenues, projected size of market, and other information that is based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.
Reliq Health Technologies Inc. does not intend, and does not assume any obligation, to update these forward-looking statements except as required by law. These forward-looking statements involve risks and uncertainties relating to, among other things, technology development and marketing activities, the Company’s historical experience with technology development, uninsured risks. Actual results may differ materially from those expressed or implied by such forward-looking statements.