Medtech Global LTD enters mobile technology space new revenue
opportunities- Strategic alliance with Xlerate Technologies LTD.
MedTech Global Ltd and Xlerate Technologies Ltd have signed a Strategic
Alliance agreement to work together to develop and market Xlerates mobile
computing and telemetry products worldwide and to share the revenue generated
from this activity.
Xelerate Technologies has developed a range of leading edge mobile electronic
devices using GPS and telemetrics for use in the healthcare industry. These
include devices which enable clinicians to remotely monitor and support the
healthcare requirements of patients with chronic conditions and the elderly.
These unobtrusive devices, attached to the body, enable patients to participate
in normal activities with peace of mind knowing their health professional can
continuously monitor their health remotely.
MedTech Global will integrate these devices with its software products and
distribute them through its extensive distribution network in primary
Mr. Vino Ramayah, MedTech Global Ltds Executive Chairman
The market for mobile health applications is expected to grow rapidly in coming
years, driven by the pressure of lifestyle movement, insurance companies,
ageing populations, the need for productivity gains in the health sector and
the relative reduction in the ratio of healthcare professionals servicing the
MedTechs vision is to provide value for healthcare globally through the use of
state of the art technologies. This strategic alliance with Xlerate
Technologies is consistent with the companys vision and will reinforce our
market leading position. MedTechs significant distribution network and Xlerates
leading edge mobile electronic devices provide a powerful combination to
deliver value for all stakeholders. This will offer MedTech new revenue
opportunities in a very dynamic sector of technology.
Mr. Manoj Dolli, Chief Executive Officer of Xlerate
Technologies Ltd explains:
As the demand for personalised services over mobile devices continues to grow,
this represents a significant revenue opportunity for MedTech to deliver
innovative integrated healthcare solutions to their customer base of General
Practitioners and healthcare providers. Xlerate will enable a Managed Services
offering to the market where health care content providers can create value
addition to their customer service offerings.
Mr. Cyril Ovely, Chairman and Chief Technical Officer of
Xlerate Technologies Ltd further explains:
With the ubiquity of mobile data usage and applications coupled with
advancement in sensor technologies, there is a huge opportunity for us to
harmonise these technologies and bring to market a converged healthcare
monitoring device offering many benefits to customers.