Ras Al Khaimah, UAE (PRWEB) October 01, 2013
Grace Century, FZ LLC, an international research and private equity company based north of Dubai, in the United Arab Emirates (UAE), is pleased to announce the completed agreement between The Quantum Group, Inc. and its subsidiary Quantum Innovations and NAJV to make its first inroads into Northern Africa.
The basis of the exclusive LOI is for The Quantum Group, Inc.’s subsidiary, Quantum Innovations, to license the proprietary technology platform Personal Wellness electronic Record® (PWeR®) to the new entity, PWeR® North Africa, in Morocco, Algeria, Tunisia and, Egypt.
Scott Wolf, CEO of Grace Century, FZ LLC commented, "This is the second master license granted by The Quantum Group, Inc.; they have aligned with seasoned international professionals with the experience and know-how to reach great success. These four countries are perfect examples of where the ‘Arab Spring’ has opened a door of opportunity, especially in countries like Tunisia which is synonymous with medical tourism. Quantum Innovations’ cloud based EMR platform has a great opportunity to improve health and help save lives in these emerging markets from the start."
Quantum Innovations will license PWeR®, a software as service platform (SaaS), for use exclusively in the market to a joint venture to be used under the label "PWeR® North Africa" for 5 years from the date of the signed agreement to do so. In addition, extended consecutive options may be granted based upon achieving defined goals and/or continuing technical support payments and licensing fees.
Quantum Innovations has worldwide licensing rights to the trademarks, approved and pending patents, and other intellectual property associated with PWeR®. Quantum Innovations has retained these rights from The Quantum Group, Inc. which owns and reserves these rights under certain unalienable rights and conditions.
"I am extremely optimistic about this group’s joint venture, as it’s easier to implement infrastructure where none exists. With connections through high speed data lines between Europe (via Sicily) and North Africa (via Tunisia), we are excited for the potential to be located at this modern day crossroad of data commerce," Wolf said. "They’ve even begun (in anticipation) to translate PWeR® into Arabic."
About Grace Century
Grace Century, FZ LLC is an International Private Equity Consultant located in Ras Al Khaimah, United Arab Emirates. It specializes in conducting due-diligence for its group of international members, as well as assisting firms in the development and execution of game changing ideas in Life Sciences. Grace Century assists in capital formation, market penetration, joint ventures, and brand development. For more information, visit: http://www.gracecentury.com.
About The Quantum Group, Inc.
The Quantum Group is an innovation-driven Healthcare Services Organization (HSO) that provides Technology Solutions through PWeR®, a 21st Century Electronic Medical Records (EMR) solution designed to bridge the gaps of communication and facilitate the exchange of patient information throughout the healthcare industry. Quantum Innovations provides leadership in the healthcare industry by developing 21st Century solutions that empower patients, enable doctors and enrich the science of healthcare. For more information, visit: http://www.quantummd.com.