Initial agreement valued at CDN$440,000
QUEBEC CITY, Aug. 12 /CNW/ - Medical Intelligence Technologies Inc.
(TSX-V: MIZ), a pioneer in the mobile telesecurity industry, today announced
that it has signed a licence agreement with Masternaut Three X, the Sunday
Times Tech Track 100 vehicle tracking and mobile resource management company
in the United Kingdom. This agreement signifies the beginning of a partnership
with Masternaut Three X that will see the Urgentys Assisted GPS Service
integrated into Masternaut Three X's best of breed fleet management software
to provide a seamless solution for lone workers in their expanding UK customer
The initial agreement is valued at GBP 216,000 (CDN $440,343) and
includes an initial order of Urgentys Lone Worker GPS emergency buttons.
Revenues will be accounted for upon delivery of the devices, which is
scheduled to begin at the end of the third quarter of 2008.
"We are delighted to announce our first commercial success in this new
market," said Mr. Philippe P. Huneault, President and CEO of Medical
Intelligence Technologies. "Masternaut has shown, through its rapidly
expanding, high quality customer base that it understands its customer's needs
and that its customer focused approach is perfect for the high quality service
offering that can be built around a product such as Urgentys. We look forward
to a mutually profitable co-operation lasting many years."
Martin Port, CEO of Masternaut Three X commented: "We are always looking
for best-in-class innovations to add to the complete end-to-end mobile
resource management solution we offer to our customers. The Urgentys system
from Medical Intelligence is robust and will fully integrate with our own
unique in-house technology. We will initially offer the Urgentys system to our
2000 strong base of corporate and SME customers."
About Masternaut Three X
Masternaut Three X is the European market leader in mobile resource
management. The company specialises in vehicle and asset tracking, mobile
workforce applications and powerful business management software solutions and
has over 2000 corporate and SME customers. A place in the 2007 Sunday Times
Tech Track 100 league tables recognises Masternaut Three X as one of the UK's
fastest growing technology businesses, and the company is also a Gold
Certified Microsoft partner. Its customers include brands such as British
Airways, GE, CEVA logistics and Siemens. For more information please visit
About Medical Intelligence Technologies
Medical Intelligence Technologies is an early innovator in the personal
telesecurity industry, integrating information and telecommunications
technologies into the healthcare sector. The Company designs portable medical
devices for people with health or safety concerns. For more information,
please visit www.medicalintelligence.ca or www.medicalmobile.com.
Any statement in this press release that does not refer directly and
exclusively to historical facts can be considered to be a forward-looking
statement. These statements reflect the intentions, plans, expectations, and
beliefs of Medical Intelligence Technologies, and are subject to risks,
uncertainties, and other factors that are largely beyond the Company's
control, to the extent that the actual results may differ significantly from
those that are contemplated in the statements. Medical Intelligence
Technologies neither intends to nor is required to update or revise these
forward-looking statements based on new information or future events, or for
any other reason. The TSX Venture Exchange does not accept responsibility for
the adequacy or accuracy of this release.
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