Reliq Health Technologies Inc V.RHT.H

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[Iveybiz79]

Similarly, Reliq Health Technologies Inc. (RQHTF) has also found a similar positive outcome. The company focuses specifically on mHealth and telemedicine solutions for community-based health care. In comparison to a company like Medidata that utilizes mHealth for data analytics, Reliq has a hardware system that actually turns a patients home into a virtual hospital ward via a voice technology hub, proximity sensors and wearable biometric monitoring devices. However, like Medidata, Reliq targets large accounts, actual health care systems and is on pace to reach profitability by 2017. These accounts include Sacred Heart Health System (part of the largest not-for-profit health system in the U.S., Ascension Health), National Health Service in the U.K. and pilot programs set to begin in 2017 with Hamilton Health Science and McMaster University. The company was also recently awarded a $1.22 million contract with NexGen Partners to provide a white label version of its platform to the 1.4 million residents of San Antonio. Realistically, with only 12 accounts and a consumer product launch anticipated for 2017s benchmark, Reliq, though small by market cap size, is already looking at profitability following its pilot programs. According to its presentations, the company is expecting rapid growth to propel the current program to help it reach 24 accounts by 2018, 48 by 2019, increase the global footprint via outlets like NHS-UK and expand margins to over 85% through 2020.