Hydrix Medical contract with National Heart Centre Singapore

Key points

• Multi-year contract with National Heart Centre Singapore
• Estimated contract value of A$0.625M over three years
• Annual recurring revenue of approximately A$0.21M

Full summary

Hydrix Ltd announced that its subsidiary, Hydrix Medical, has secured a multi-year contract with Singapore's National Heart Centre for the deployment of its Implicity cloud-based remote cardiac monitoring platform. The contract, valued at approximately A$0.625 million over three years, will see the implementation of the platform to assist in the remote monitoring of patients with Cardiac Implantable Electronic Devices (CIEDs). The platform is expected to improve workflow efficiency for clinicians and support earlier intervention through advanced analytics.