Advanced Human Imaging Ltd (ASX, NASDAQ:
AHI) is pleased to update shareholders of the
completion of the Master Services Agreement (“MSA” or “agreement”)
with South Africa based digital health platform
VERTICA Pty
Ltd (“
Vertica”).
The parties have executed the standard AHI MSA
which entails the legal and contractual terms in which AHI agrees
to grant Vertica the right to use AHI’s licensed Software
Development Kits (SDKs) for IOS and Android platforms for body
circumference measurements, face scan measurements and related
intellectual property once integrated into the Vertica
application/platform.
The MSA incorporates the following information
and guidelines: commercial undertakings, software development kit,
end-user license, technology support, data processing agreement,
fee schedule and professional services, including implementation
support and training services, which are to be provided by AHI
within the agreement with Vertica.
The initial term of the MSA is for one year from
commencement and will automatically extend for subsequent
consecutive periods each of equivalent length to the initial term.
Early termination procedures are included for either party to the
MSA.
The financial impact of this MSA on AHI cannot
be currently quantified and there are no minimum order requirements
contained in the agreement.
About Vertica Health
Vertica is a digital health company that builds
innovative health risk solutions for downstream customers. The team
includes highly specialised and experienced scientists in medicine
and engineering. Vertica has targeted Insurance and Occupational
Safety markets, and has recently expanded into retail insurers,
medical aids, global re-insurers and the mining industry. The
company is in advanced stages with a number of these organisations
to integrate the Vertica Solution and market-ready designs with
target launches during the second half of 2022 and into 2023.
Vertica is planning to conclude the integration of the AHI
CompleteScan SDK by early Q2 2022 into their solution suite.
Vertica has three exciting health risk
solutions that align with AHI’s technology:
Fatigue: Vertica uses
night-time heart rate and accelerometer data to predict a user’s
sleepiness. The accuracy of this prediction is improved by cross
referencing with relevant peer-reviewed research. Using
mathematical modelling, this technology can predict neurobehavioral
deficits such as decreased motor skills and memory, critically
important in such fields as aviation and medical surgery. Models
were trained and validated using sleep deprivation, sleep
restriction, simulated night work, napping and recovery sleep data.
Combined with the data from AHI’s CompleteScan technology, there is
potential to reduce sleep deprivation's long-term health effects,
including long-term increased risk of hypertension, diabetes,
obesity, depression, heart attack, and stroke.
Health risk management: Vertica
uses information from AHI’s vital signs capture, including heart
rate and heart rate variability measurements as well as data from
AHI’s BodyScan to predict several health risks including metabolic
syndrome, cardiovascular and metabolic disease, depression and
generalised anxiety disorder. Vertica strengthens these predictions
by cross referencing this information with peer-reviewed papers
which investigate common blood biomarkers, blood pressure, fitness
levels, anthropometry, insulin resistance and visceral fat. By
combining these information sources, Vertica developed a risk model
that predicts total cholesterol, HDL-c cholesterol, LDL-c
cholesterol, triglycerides, and C-reactive protein (a marker of
inflammation). Furthermore, this model can also estimate
cardiorespiratory fitness, visceral adiposity index, lipid
accumulation product (which uses waist circumference in the
prediction model), 10-year risk of cardiovascular disease mortality
and brachial-ankle pulse wave velocity (often used to estimate
arterial stiffness and cardiovascular issues and other metabolic
syndromes).
Orthopaedic recovery: Vertica
uses the smartphone’s accelerometer and gyroscope to measure joint
mobility which can be used, for example, to measure the ability of
a knee to extend and flex after orthopaedic surgery. Vertica has
also automated a two-minute walking test to further assess
mobility. Both are important to ensure timely intervention to catch
problems during recovery, including the swelling effects of an
infection. Vertica and AHI will look to expand this assessment and
risk detecting tool once AHI’s Musculoskeletal Assessment (MSK)
tool is developed.
For more information on Vertica Health please
visit: https://www.verticahealth.com/.
Financial Impact
AHI does not expect any immediate financial
return as a result of entering into this binding agreement. A
financial return will be more readily identifiable once formal
agreements have been concluded and upon the commercial release of
the integrated application (launch date to be advised).
*This announcement has been approved by the
board of Advanced Human Imaging Limited.
About Advanced Human
Imaging:
AHI has developed and patented a proprietary
dimensioning technology that enables our partners and their users
to check, track, and assess their vital signs and dimensions using
only a smartphone both privately and accurately.
Our goal is to assist our partners by empowering
their consumers with this capability. This in return gives our
partners the ability to assess, assist, and communicate outcomes
with their consumers when navigating day to day life and the
ongoing fight against chronic disease which accounts for 86% of
global healthcare costs.
Whether this is a personal journey to better
health, understanding the risk associated with physical condition,
tracking the changes they are experiencing through training,
dieting, or under medical regimes, or simply wanting to be
correctly sized for a garment when shopping online. The AHI
technology delivers this seamlessly, privately, and
cost-effectively in only a few minutes.
Our partner benefits from our software as a
service pricing solution, that reduces with scale. Integration is
made easy with the AHI modular system, based on multiple software
development kits (SDKs), allowing a partner to select the
functions, measurements, and displays to suit their individual
needs.
AHI has developed this capability by leveraging
the power of Computer Vision, Machine Learning, and patented
algorithms, to process these images on secure, enterprise-level
infrastructure, delivering an end-to-end experience that is
unrivalled in the industry. AHI simplifies the collection of
measurements and removes the human error present in traditional
methods.
The link below is a brief video showcasing our current offering
and will assist you in understanding our value proposition.
CompleteScan - The Future of Health Assessments
For more information
contact:
Dr Katherine
IscoeChief Executive OfficerAdvanced Human Imaging LtdE:
hello@ahi.tech |
Vlado
BosanacStrategy and RevenueAdvanced Human Imaging
Ltd E: hello@ahi.tech |
For more information please
visit: https://www.ahi.tech/
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