Cytta Corp. (OTCPINK:CYCA), a leading provider of mobile smartphone
and web based healthcare technology solutions, and CardioComm
Solutions, Inc. (“CardioComm”) (TSX VENTURE:EKG), a Canada based
global medical provider of consumer heart monitoring and medical
electrocardiogram (“ECG”) software and hardware solutions, today
announced completion of a Joint Venture Agreement (“Agreement”).
Under the announced Agreement both parties will
integrate their respective technologies to implement a
comprehensive, mobile telemedicine communication and connectivity
health and wellness portal solution by building on Cytta’s EvrCare™
branded VeriSmartPhone™ web-based remote patient monitoring
platform. The EvrCare™ solution also leverages Cytta’s innovative
video and data compression/decompression solution known as SUPER™
(Superior Utilization of Processing for Error Resilience) which
reduces data file size, improves speed of data transfers, lowers
telemedicine communication costs and introduces a new level of data
transmission security.
Cytta selected CardioComm as its preferred
provider to augment their existing M-Health/telemedicine and IoT
remote patient monitoring solution due to CardioComm’s expertise in
supplying ECG monitoring devices, connectivity solutions and ECG
reviewing software that are cleared as Class II medical devices by
the US FDA and Health Canada regulatory authorities. CardioComm’s
software as a medical device (“SaaMD”) ECG solutions are capable of
accepting raw ECG data from any Bluetooth enabled ECG devices to
generate an accurate ECG trace rendered on a scaled grid, delivered
with information that is specific to the individual the ECG was
recorded from as well as those who reviewed and reported the ECG
findings.
All reports, findings and associated patient
information would be managed within the EvrCare™ telemedicine
platform which will incorporate CardioComm’s ECG analysis tools and
provide the ECG findings along with data from all other EvrCare™
connected health and wellness peripherals that were used to monitor
patients or used by consumers for self-monitoring. Cytta was also
drawn to CardioComm’s potential to add multiple bio-sign monitoring
under their Class II medical device clearances and thereby
potentially cover the EvrCare branded platform services under a
SaMD classification.
The completed ErvCare™ solution is expected to
provide single users as well as group plan operators the ability to
track, evaluate and manage biometric information seamlessly,
concurrently and in “real-time” from all connected health and
wellness devices. Cytta’s plans to incorporate a ‘doctor directed’
platform where devices themselves can be prescribed by caregivers
and insurers to improve long term care in managing people at high
risk for disease onset and those living with chronic medical
conditions. Cytta anticipates the addition of the CardioComm ECG
hardware and software to the EvrCare™ platform will provide a
valuable and potentially lifesaving functionality to US healthcare
consumers.
.
The EvrCare™ and ECG development work are
intended to be the first phase of a multiphase program between
CardioComm and Cytta’s IOT telemedicine solutions. Incorporation of
CardioComm’s ECG monitoring capabilities will help to remove many
of the technological, work flow and infrastructure challenges that
exist in remote patient monitoring solutions for mobile cardiac
telemetry, arrhythmia and prolonged QT interval screening and serve
to expand EvrCare’s service offerings.
In addition to consumer offerings the technology
may be expanded to include in-hospital and in-clinic services,
pre/post-hospital surgery discharge monitoring and to support
long-term and managed care groups in monitoring the insured lives
of people living with chronic medical conditions.
Cytta plans the EvrCare™ telemedicine platform
with ECG management capabilities will be initially deployed in the
USA.
About Cytta Corp
Cytta Corp's business model entails
developing and securing disruptive technologies to build credible
and industry specific data collection and communication solutions
for use by enterprise level organizations who can implement the
technologies into their specific industry segments. In keeping with
this goal, Cytta has developed the EvrCare™ platform to address the
market need for a complete and comprehensive automatic monitoring,
evaluation and interpretation solution to manage a wide range of
biometric data, including ECGs, within military, consumer, wellness
and healthcare markets. Specifically, Cytta Corp. develops and
integrates technologies in the smartphone, compression and mobile
broadband markets. Cytta’s EvrCare™ technology itself consists of
several disruptive and proprietary technology advances including
cloud based data server host stacking, a proprietary android
control interface (“PACI”) operating system software, the
VeriSmartPhone™ application, online interactive and a HIPPA
compliant patient/physician/health-plan administrator communication
dashboard.
About CardioComm Solutions
CardioComm Solutions’ patented and proprietary
technology is used in products for recording, viewing, analyzing
and storing electrocardiograms (ECGs) for diagnosis and management
of cardiac patients. Products are sold worldwide through a
combination of an external distribution network and a North
American-based sales team. The Company has earned the ISO
13485 certification, is HPB approved, HIPAA compliant, and has
received FDA market clearance for its software devices. CardioComm
Solutions is headquartered in Toronto, Ontario, Canada.
FOR FURTHER INFORMATION PLEASE CONTACT:Etienne Grima, Chief
Executive Officer1-877-977-9425 x
227investor.relations@cardiocommsolutions.com
www.cardiocommsolutions.com
Safe Harbor Statement/
Forward-Looking Statements
Statements included in this press release, which
are not historical in nature, are forward-looking statements made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Statements relating to the future
performance of the Company are subject to many factors including,
but not limited to, the customer acceptance of the products in the
market, the introduction of competitive products and product
development, the impact of any product liability or other adverse
litigation, working capital and availability of capital,
commercialization and technological difficulties, the impact of
actions and events involving key customers, vendors, lenders,
competitors, and other risks. Such statements are based upon the
current beliefs and expectations of the Company's management and
are subject to significant risks and uncertainties. Actual results
may differ from those set forth in the forward-looking statements.
When used in this press release, the terms "anticipate", "believe",
"estimate", "expect", "may", "objective", "plan", "possible",
"potential", "project", "will", and similar expressions identify
forward-looking statements. The forward-looking statements
contained in this press release are made as of the date hereof, and
we do not undertake any obligation to update any forward looking
statements, whether as a result of future events, new information,
or otherwise.
Cytta Corp.
Gary Campbell, CEO
Direct (702) 900 7022
Email: Gary@Cytta.com
Website: www.Cytta.com
Jerry Smith, Co-CEO
Direct (425) 922-7062
Email: Jl@JlSmith.us
Doctor Direct Inc.
Natalia Sokolova, President
Direct (917) 574 2312
Email: natalia@doctordirectinc.com
Website: www.DoctorDirectInc.com
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