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Featured Investment: Reliq Health Technologies

Core Capital Partners (formerly Hamza Thindal Capital Corp.) has been involved with Reliq Health Technologies (Formerly Moseda Technologies) since August 2015, with an initial investment of $500,000 and now an aggregate investment of over $2.5MM. Reliq is a Vancouver, BC based company focused on developing innovative software applications specifically designed as secure mobile healthcare solutions.

The Company is lead by Dr. Lisa Crossley. Dr. Crossley is an accomplished healthcare technology executive with a proven track record of successfully building and leading global tech companies. She has diverse experience across multiple market segments, including healthcare information technology, therapeutics, medical devices, life science tools and diagnostics.

In February 2016, Reliq acquired iUGO Health Inc. (formerly CareKit Health), a commercial stage healthcare technology company that has built a comprehensive hardware and software platform that allows complex patients to receive high quality care in the home, improving health outcomes, enhancing quality of life for patients and families and reducing the cost of care delivery. iUGO platform for care coordination and home healthcare integrates wearables, sensors, a proprietary voice technology hub and intuitive mobile apps and desktop user interfaces for patients, clinicians and healthcare administrators.

More Recently, Reliq secured a paid pilot with Sacred Heart Hospital in Florida, US. The pilot will evaluate the use of Reliq’s iUGO Health platform to monitor patients post-discharge from hospital. The hub of the Sacred Heart system is its 566-bed Sacred Heart Hospital in Pensacola that includes the regions only Children’s Hospital, a Level II Trauma Center, a Cancer Center affiliated with MD Anderson Cancer Network and a Heart & Vascular Institute. Sacred Heart has more than 4,000 employees and is part of Ascension Health, the nation’s largest system of Catholic and non-profit health care facilities.

Timeline

    2015

  • June: Core Capital Partners (formerly Hamza Thindal Capital Corp.) commences due diligence
  • July: Initial investment of $500,000
  • July: Aman Thindal is appointed as CFO and Director
  • August: Retains Core for advisory
  • September: Closes $1.5-million in private placements
  • September: Health Canada Approval for Medical Device Establishment License
  • October: Distribution Agreement with a Top 10 Pharma and Diagnostics Company
  • October: $350,000 Purchase Order from Health Care Client
  • October: Named top TSXV-listed company by share price performance in Q3 2015
  • November: Starts trading on the OTCQB under the symbol: FLNTF
  • 2016

  • February: Acquisition of CareKit Health
  • March: Pilot project with Louisiana, USA based pain clinic (The Feldman Institute)
  • April: Paid Pilot with Florida, USA Based Sacred Heart Health System
  • May: Renamed to Reliq Health Technologies. New trading symbol: RHT
  • May: $1.22MM USD Contract with NextGen Partners in San Antonio, TX
  • July: Brian Storseth Joins Reliq Health Technologies’ Board of Directors
  • August: Reliq Health Announces Community Care Pilot With the United Kingdom (UK) National Health Service
  • November: Announces Pilot with Hamilton Health Sciences and McMaster University to Pilot Its Remote Patient Monitoring and Care Collaboration Solution
  • November: Announces Patient Enrollment at Imperial College Hospital London for Pilot with National Health Service England for Remote Patient Monitoring and Care Collaboration
  • November: Announces Patient Enrollment at Sacred Heart Health System in Florida

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