Pro Medicus Enters Agreement with Echo IQ
Key points
- Signed binding Heads of Agreement with Echo IQ
- Agreement includes financing arrangement and reseller agreement
- Aimed at developing and commercializing AI solutions
- Echo IQ technology to be offered to Visage 7 Cardiology customers
Full summary
Pro Medicus Limited [ASX: PME] has entered into a binding Heads of Agreement with Echo IQ Ltd [ASX: EIQ] for a financing arrangement and accompanying reseller agreement. This agreement aims to assist in the further development and commercialization of Echo IQ's suite of AI solutions, including algorithms for aortic stenosis and heart failure. The agreement will be finalized within the next 20 business days, with definitive legal agreements to be negotiated and entered into. Pro Medicus plans to offer Echo IQ's technology to its Visage 7 Cardiology customers.
Outlook
The agreement with Echo IQ is expected to enhance Pro Medicus' AI capabilities and expand its technology offerings.
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