Finalizes $700,000 Contract and Announces $546,000 New Cont. VANCOUVER, BC, Oct. 6, 2021 /CNW/ - HealthSpace Data Systems Ltd. (the "Company" or "HealthSpace") (CSE: HS) (Frankfurt: 38H) (OTC: HDSLF) is pleased to announce that, as of September 30th, it has finalized its contract with Marin County Environmental Health Department in California ("Marin County"). On September 3rd the company announced the award of the contract worth $700,940 over 5 years, with $64,388 ARR each year over the next five years.
The company is further pleased to announce it has reached agreements to enter into contracts with;
- Larimer County, CO
- Clinton County, IL
- McDonough Schuyler and Henderson Counties in Illinois
These three contracts are expected to be fully executed this month.
Additionally, the following 2 existing clients have entered into agreements with HealthSpace for the following:
- Pueblo County, CO has added HSPay to their existing HSCloud Suite implementation which Pueblo expects to deploy in November.
- Vermillion County, IL has executed a contract amendment to add influenza and flu vaccination management to their existing HealthSpace contract. This extension was added by the county due to HSCloud's unique ability to powerfully extend itself, as was demonstrated during the pandemic in the tracking of COVID-19 related cases.
These new contract awards equal a total value of $546,675 over the next five years, and add $86,800 in annual recurring revenue. This is in addition to the Marin County contract, and is not inclusive of HSPay revenue from Pueblo County, CO.
https://www.newswire.ca/news-releases/healthspace-finalizes-700-000-contract-with-marin-county-california-and-announces-546-000-in-new-contracts-awarded-814620651.html