Thursday, February 25, 2021

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Singular Health Group: Receives $170,000 for software development

  • Singular Health Group (SHG) has received a $170,000 payment from FlowCentric Technologies to develop their pilot program using GeoVR software
  • The pilot program also aims to develop a prototype with an integrated database that utilises imaging and predictive technologies for mining and exploration
  • Singular Health entered a binding heads of agreement with FlowCentric in June 2020 to establish a 50/50 joint venture
  • Singular Health will also receive income for the pilot program via staged payments over the coming five-month period
  • Upon full payment, the company will transfer all title and intellectual property relating to the GeoVR software into the new joint venture company
  • Singular Health is up 1.22 per cent, trading at 41.5 cents

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