AI/ML Innovations Inc C.AIML

AI/ML Innovations' Health Gauge Licenses its Patented Tech.

[Betteryear2]

- MedWatch™ to address needs in the $327 billion-dollar US diabetes market -

- License includes annual payment to Health Gauge of US$120,000, 2% gross sales royalty, US$2Million termination fee, and other royalties and fees -

TORONTO, ON / ACCESSWIRE / March 28, 2022 / AI/ML Innovations Inc. (CSE:AIML)(OTCQB:AIMLF)(FWB:42FB), a company committed to acquiring and advancing Artificial Intelligence/Machine Learning technologies that address urgent societal needs, is pleased to announce that its majority-owned subsidiary, Health Gauge Inc., has entered into a License Agreement with MedWatch Technologies, Inc. of Las Vegas, Nevada. MedWatch has agreed to license Health Gauge's patented health management technology ("Licensed Patent") and proprietary AI-powered software ("Licensed Software") for use in MedWatch's non-invasive blood glucose and other blood chemistry monitoring solutions for diabetes, and the health & wellness market.

AI/ML Innovations' Health Gauge Licenses its Patented Technology to MedWatch Technologies, Inc.

[justus434]

This post has been removed in accordance with Community Policy

[austrochris]

wrong board !  Real great news today !

[minepic]

It is great news and the cash is all straight juice! The real value is in the patent itself. I imagine this is worth many millions!?

[Prider]

I am a liitle surprised I thought we would have seen a little increase in share price.

[minepic]

I agree, however it is not a huge contract.  But what it shows is the value of the patent. It appears to me that ANY company that is returning biometrics to their customers is infringing on OUR patent!! Apple, Fitbit, Samsung, Google........... What is the real world value of the patent alone?