Alcidion Group Commercialises Miya Platform Throughout Australia & New Zealand & Secures $2.35m Contract with Western Health

Alcidion Group Limited (ASX:ALC) is pleased to provide a summary of its progress over the quarter ending 30 June 2017 and report on its cashflow over the same period.

KEY TAKEAWAYS:

• Significant milestones achieved in commercialising the Miya platform throughout Australia and New Zealand.
• Securing of a $AUD2.35m Contract with Western Health, crystallising a long term relationship with Western Health.
• Securing a $NZD1.60m Contract with Mid Central, the Company’s first deployment in New Zealand, paving the way for future engagement with the NZ Ministry of Health and the remaining District Health Boards.
• Securing a contract with the Northern Territory Department of Health to extend Miya Patient Flow across Katherine Hospital in the Northern Territory.
• Hosting initial discussions with Calvary Health Care over the deployment of the Miya platform across the group, with a focus on Revenue Optimisation and Analytics and securing an initial contract to develop a Data Lake for Calvary Health Care.
• Entered into preliminary discussions with North American Strategic Partners, with a view to reciprocal distribution agreements.
• The Company’s quarterly cash and cash equivalents reduced minimally by $114k.
• Strong Cash position with Cash and cash equivalents as of 30 June 2017 of $5.531 million, with minimal debt.
• Reviewed potential acquisition targets, with the view to accelerating the Company’s commercialisation strategy through leveraging cross selling opportunities.

More Information

Request Information