Advanced Health Intelligence Ltd Signs Collaboration Agreement with IntelliGen FZ-LLC
Portfolio Pulse from Charles Gross
Advanced Health Intelligence Ltd (NASDAQ:AHI) has signed a collaboration agreement with UAE-based IntelliGen FZ-LLC to deploy AHI's technology in the Middle East. IntelliGen will receive up to 2 million AHI shares for the delivery of a $20 million license to AHI in the region, and a revenue share on all sales across the region delivered by IntelliGen.
August 14, 2023 | 9:03 am
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POSITIVE IMPACT
The collaboration agreement with IntelliGen FZ-LLC could potentially increase AHI's market presence in the Middle East, which may positively impact its stock price.
The collaboration agreement with IntelliGen FZ-LLC allows AHI to expand its technology in the Middle East. This expansion could potentially increase AHI's revenues and profitability, which may positively impact its stock price. Additionally, IntelliGen will receive up to 2 million AHI shares, which could increase the liquidity of AHI's stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100