Mr. Raval, MircoSoft AI Director, is helping the company get partnerships and further their business development plan.
The new person that came on board yesterday Mr. Prabhakar Srivastava, will be involved with deployment and strategic partnerships in Asia, Pacific and Africa for all the technologies being developed by Predictmedix will be focusing on Government entities to use PMED’s software.
Excited about PMED’s ability to now use MAX Healthcare’s 14 hospital’s patient data. AI learns as it goes and will now have access to 2.2 Million patients data making PMED’s Mental health screening more and more precise. MAX will also be piloting the study. (This is major as you need to validate your technology with a pilot before it goes out to the world and expect to get paid for it).
Juiceworks is now making fabricated units for the US and Canada which will have hundreds of deployments resulting in millions of dollars in revenue for PMED.
PMED uses the Software as a Service (Saas) Revenue Model where an upfront fee is paid and a monthly recurring fee is paid for the number of tests conducted.
Caribbean Digital Media Academy (CDMA)just signed with PMED with a specific focus on government and hospitality sectors. Recurring revenue will be shared between Predictmedix and CDMA.
They now have a strategic Sales Pipeline where many companies are now reaching out to PMED.
(I was cut-off from the call for 4 minutes here)
COO stated we can also expect a business development update on their progress in the immediate days ahead. Also stressed how positive their cash position was and that the burn rate was a minuscule $45k per month.
Working to monetize all aspects of the company's three main verticals (Infectious Disease, Impairment, Mental Health) in as efficient and effective manner as they can.
Discussion on how the AI works to discover symptoms of Covid-19. (This can also be found on their website)
PMED wants to be the world market leader in detecting impairment in the workplace.
PMED is very excited with developments lining up for mental health. The near future will be very interesting in this regard for the company.