Ras Al Khaimah, UAE (PRWEB) September 05, 2013 -- Grace Century, and international research and private equity company (based north of Dubai, in the United Arab Emirates), has announced the completed agreement between Quantum Group, Inc. and Tokyo Associates to make its first inroads into Southeast Asia.
The basis of the LOI is for Quantum Group’s subsidiary, Quantum Innovations (QI), to license the proprietary technology platform Personal Wellness electronic Record® (PWeR®) to the new entity, Vietnam Electronic Health Records (VEHR), in Vietnam, Laos, and Cambodia.
Scott Wolf, CEO of Grace Century, commented, “Mr. Leong has an impressive track record of making marketing inroads into previously untapped markets. These three countries are perfect examples of where a strong need is not being met at even the basic level. Quantum’s electronic cloud-based platform has the opportunity to improve health and help save lives in these emerging markets from the start.”
QI will license PWeR®, a Software as Service platform (SaaS), as “PWeR® Vietnam” to this joint venture (VEHR) for five years from the date of a signed agreement for use exclusively in this specific market. In addition, extended consecutive options may be granted based upon achieving defined goals, and /or continuing technical support payments and licensing fees.
QI has worldwide licensing rights to the trademarks, approved and pending patents, and other intellectual property associated with PWeR.® QI has retained these rights from the Quantum Group, Inc. which owns and reserves these rights under certain unalienable rights and conditions.
Scott Wolf summarized: “I am extremely optimistic about this joint venture--it’s easier to implement infrastructure where none exists.”
About The Quantum Group, Inc.
The Quantum Group, Inc. is an innovation-driven healthcare services organization purposefully designed and structured to bring effective change to the U.S. healthcare industry. Its foundation lies within the design, development and deployment of innovative solutions, technology, products, and services to the healthcare industry.
One patient…Total Connectivity™ HIPAA compliant, PWeR® (Personal Wellness electronic Record) is a state of the art, cloud-based, secure technology platform that centralizes patient data from multiple sources to one location, allowing connectivity between the patient and authorized physicians, hospitals, clinics and related professionals.
About Grace Century, FZ LLC
Grace Century FZ LLC is an International research and private equity consultancy located in Ras Al Khaimah (just north of Dubai) in the United Arab Emirates (UAE). Grace Century specializes in “game-changing” life science and health related private equity projects.
Laurie Pehar Borsh, Laurie Pehar Borsh PR, http://www.gracecentury.com, +1 818-249-4846, [email protected]
SOURCE Laurie Pehar Borsh PR