WTEQ announced this morning it has launced the beta production of it's new Internet of Medical Things (IoMT) Health Hub and API ......
2021-04-29 08:37 ET - News Release
- Wellteq launches beta production of the HealthHub, a hardware and API as a service offering which extends Wellteq’s digital health solutions beyond corporate wellness and insurance and into primary virtual care.
- The Health Hub and API form the foundation for Wellteq’s condition management and virtual primary care platform, called “Wellteq Plus.”
- The HealthHub houses an 8-core processor, large memory footprint, and a versatile machine-learning secondary processor that supports Natural Language Processing (NLP) and auto update models for artificial intelligence (AI).
- The HealthHub’s custom wireless chipset and optimized firmware stack enables support of 500+ connected devices simultaneously, offering utility to a range of clinical and remote virtual care settings.
- Wellteq has also secured a partnership with a global end-to-end manufacturing, logistics, and warranty provision and management company, enabling cost efficient fulfilment to customers globally.
VANCOUVER, British Columbia, April 29, 2021 (GLOBE NEWSWIRE) -- Wellteq Digital Health Inc.(CSE:WTEQ), (the “Company” or Wellteq”) is pleased to announce the Company has launched beta production of its new Internet of Medical Things (IoMT) HealthHub and API as a service offering, targeting commercial release later this year.
At Wellteq, we are leveraging the IoMT to fast track our capabilities within condition management and virtual primary care. We call our IoMT condition management and virtual primary care platform Wellteq Plus. Together, the Wellteq mobile application and the Wellteq Plus IoMT platform follow the user across the continuum of care, from wellness to virtual primary care.
The HealthHub is an entirely new IoMT platform developed by Wellteq, which can connect, manage, and monitor any standardized device using edge computing. Edge computing is part of a distributed computing topology in which information processing is located close to the physical location where things and people connect with the network. Edge computing augments and expands the possibilities of today’s primarily centralized, hyperscale cloud model and supports the systemic evolution and deployment of the IoMT and new application types, enabling next-generation digital health applications. The HealthHub also offers contingency to cloud server processing in the case of a network outage.
The HealthHub has been built upon Wellteq’s next generation “Unified API” which allows for secure remote monitoring and management and enables 3rd party integrations with all aspects of the HealthHub and API, such as Amazon’s Prime Health, Google Health and Microsoft Health with its’ newly acquired Nuance natural language processing (NLP) capability, allowing the HealthHub to be an integral value add for both new and existing ePHI systems. (ePHI, or electronic Protected Health Information, is any protected health information that is created, stored, transmitted, or received in any electronic format or media.) Wellteq’s Unified API will service Wellteq’s client applications as well as the HealthHub and other IoMT (and IoT) hardware devices and will also be delivered as a standalone “API as a Service” product. All the features and functionality delivered through Wellteq’s client applications and hardware will be offered as standalone services for clients and partners to integrate with their own applications, services, and systems. This includes IoMT metrics capture, processing, and automations, wellness tracking with personalized digital coaching, reward scheme management, social activities and interactions, news feeds and more.
A powerful 8-core processor, large memory footprint, and a versatile machine-learning secondary processor enable the hub to handle a wide variety of services, including NLP and auto-updated training models for AI. To best support the wide variety of IoMT devices, Wellteq has designed a custom wireless chipset, enabling connectivity with Wi-Fi, Bluetooth, Zigbee, Z-Wave, and, optionally, cellular. Alongside the wireless chipset is a completely customized and optimized firmware stack that helps manage the multitude of wireless protocols, allowing the HealthHub to support 500+ connected IoMT and/or IoT devices simultaneously. In comparison, most digital health device deployments currently rely on the user’s mobile phone for connectivity with a small number of devices.
In addition, Wellteq now also has the capability to completely fabricate hardware prototypes in-house, through its recently completed prototype lab. Utilizing the same industrial machines that the U.S. Air Force, CIA, and Department of Justice use for rapid prototyping and first run production builds, Wellteq will be able to iterate in days instead of weeks or months.
Daniel Starbuck, Wellteq’s CTO stated, “In this early stage of bringing prototype production in house, Wellteq has already seen huge impacts on current hardware designs. By bringing the production of manufacture grade prototypes under the preview of our engineers, Wellteq has been able to make decisions on hardware designs that will significantly reduce the gross cost of production. This internal prototype production capability gives Wellteq the ability to quickly adjust to market needs.”
Wellteq has also secured a partnership with a global end-to-end manufacturing, logistics and warranty provision and management entity which is expected to bring further significant cost benefits and reduce Wellteq’s overhead in delivering its IoMT solution to end users.
About Wellteq Digital Health Inc.
Wellteq Digital Health Inc. is a leading provider of corporate wellness solutions developed to provide data-driven personalized health and wellness coaching to engage its users in healthier behaviours. As an enterprise (business-to-business) model, Wellteq currently has two main sectors of customers: employers and insurance companies. Wellteq has secured a large multinational portfolio of customers, including UBS, DBS and Bupa Insurance, and reseller partners, like Willis Towers Watson, Advanced Human Imaging and Garmin. Wellteq is developing its newly acquired Internet of Medical Things (IoMT) platform for virtual care applications which will extend the Wellteq continuum of care from preventative wellness through to virtual healthcare.
Wellteq Investor Contact:
Glen Akselrod
Bristol Investor Relations
E: glen@bristolir.com
T: (905) 326-1888