To have Foxlink invest capital and guidance in MedWand's virtual medical exam technology gives us the opportunity to reach markets worldwide.
Las Vegas, NV (PRWEB) June 06, 2016
Telemedicine device startup MedWand announced today that it has received a major investment from Foxlink Group, a renowned multi-billion dollar Taiwan-based electronics manufacturer. The amount of investment was not disclosed.
MedWand, with offices in Las Vegas, Nevada, and Orange County, California, creates technology that allows patients to be examined remotely with a multi-diagnostic handheld device over Internet and satellite links. Dubbed the “telephone of medical exams,” the MedWand has won numerous awards and accolades for its ability to allow patients to be examined from anywhere. MedWand was the winner of the 2015 Health 2.0 Launch event after its inventor, Dr. Samir Qamar, examined a patient hundreds of miles away in front of a live audience.
MedWand CEO and Chairman, Dr. Qamar, commented on the deal. “Foxlink is one of the world’s leading manufacturers of electronics from companies like Apple, Microsoft, and Amazon. To have Foxlink invest capital and guidance in MedWand’s virtual medical exam technology gives us the opportunity to reach markets worldwide. We are excited about our new relationship, and the international impact we will have on medical technology. MedWand is honored to have Foxlink as an investor.”
Foxlink, which typically makes Series A investments, made an exception with MedWand by investing in its seed round.
“As the world moves towards digital health and telemedicine, MedWand is exceptionally well-positioned to make a global and lasting impact with its remote medical examination capabilities,” remarked Rodney Chiu, Foxlink Group’s Vice President of Corporate Strategy and Investments. In addition to believing that MedWand’s technology is the leader in its space, we find MedWand’s team to be a unique blend of healthcare and engineering experts, a necessary ingredient for success. In addition to investment, Foxlink will provide technical, manufacturing, and distribution guidance to validate MedWand in markets around the world. Foxlink looks forward to building on the early successes of MedWand.”
With significant pre-orders and global distribution deals in hand, MedWand is currently welcoming Series A investors, according to company officials.
About Foxlink –
Headquartered in Taipei Taiwan, Foxlink has over 15 design, manufacturing and sales sites worldwide. Since 1986 Foxlink has been designing, manufacturing and selling connectors, cable assemblies, power management devices, battery packs on an OEM/ODM basis to some of the world’s leading makers of communications devices, computers and consumer electronics. In addition to its expertise in the components, Foxlink and its subsidiaries have successfully developed diversified products in the area of wireless communications and optical technology, targeting to provide customers the total solution from components to turnkey products with the highest quality.
About MedWand Digital Health –
U.S.-based MedWand Solutions, Inc. creates award-winning telemedicine technology, allowing consumers to be remotely-examined by medical providers. Designed to be used by patients and doctors together, the handheld MedWand device is portable and combines a digital stethoscope, high-definition video camera for looking at skin and inside passages, thermometers, pulse oximetry, respiratory and heart rate monitors, EKG, and Bluetooth for peripheral device data. MedWand DOCs (Digital Onsite Clinics™) combine MedWand devices with computers and tablets to create virtual clinic capabilities for consumers worldwide. For more information, visit http://www.MedWand.com, or follow on Twitter @MedWand.