HAMILTON, Ontario, June 09, 2022 (GLOBE NEWSWIRE) -- Reliq Health Technologies Inc. (TSXV:RHT or OTC:RQHTF or WKN:A2AJTB) ("Reliq" or the "Company"), a rapidly growing global healthcare technology company that develops innovative Virtual Care solutions for the multi-billion dollar Healthcare market, today announced that it has signed five new contracts with physician practices and home health agencies that are expected to add over 2,500 patients in California, Texas, Michigan and Maryland to Reliq's platform this year. The Company also announced that its iUGO Care platform is now being used in a new clinical trial.
"We are very pleased to be going live in another clinical trial, this one for diabetics using both standard glucometers and continuous blood glucose monitors," said Dr. Lisa Crossley, CEO at Reliq Health Technologies, Inc. "The ability of the iUGO Care platform to connect to a wide range of connected devices is a key competitive advantage for Reliq in the virtual care and clinical trials markets. The diabetes clinical trial will also be utilising iUGO Voice, Reliq's interactive voice recognition technology, to facilitate patient follow up. We are also excited to announce that we have signed five new contracts with healthcare providers in California, Texas, Maryland and Michigan. These clients are expected to add over 2,500 patients to our platform in 2022, at an average revenue of $50 per patient per month at 75% gross margin."
Reliq Health Technologies is a rapidly growing global healthcare technology company that specializes in developing innovative Virtual Care solutions for the multi-billion dollar Healthcare market. Reliq's powerful iUGO Care platform supports care coordination and community-based virtual healthcare. iUGO Care allows complex patients to receive high quality care at home, improving health outcomes, enhancing quality of life for patients and families and reducing the cost of care delivery. iUGO Care provides real-time access to remote patient monitoring data, allowing for timely interventions by the care team to prevent costly hospital readmissions and ER visits. Reliq Health Technologies trades on the TSX Venture under the symbol RHT, on the OTC as RQHTF and on the WKN as A2AJTB.
ON BEHALF OF THE BOARD
"Dr. Lisa Crossley"
CEO and Director
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US Investor Relations Contact
Lytham Partners, LLC
New York | Phoenix
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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".
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SOURCE: Reliq Health Technologies Inc.
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