Contakt World (CSE:HELP) Technologies Corp has provided a summary of the company's recent achievements, current operations, and strategic initiatives as it looks to strengthen its product portfolio
The company said it has ambitious plans to advance its business following its recent acquisition of Stratum Health Solutions LLC, the operator of HealthCheck by Stratum and execution of a reseller's agreement with Portum System LLC for the US, Canada, and Brazil markets.
In a statement, Zayn Kalyan, chief executive officer of Contakt World. said: "By leveraging the Company's expanding team of independent sales representatives and continuing the development of our Health Check platform to meet the needs of vaccine passport and COVID-19 test tracking mandates, we believe our team will serve as a strong platform to develop and acquire additional SaaS solutions, ultimately strengthening our product portfolio."
READ: Contakt World partners with Portum System for COVID-19 vaccine app
Among the company's recent achievements, on August 12, 2021, Contakt acquired Stratum (Health Check) a secure, cloud-based platform that allows organizations of all sizes to track and evaluate employee and student health and coronavirus (COVID-19) related symptoms in real-time through its proprietary app.
The company continues to expand its presence in the marketplace with Health Check with the hiring of 10 commission-based salespeople over the last few months. The company's team is fully trained and has acquired 20-plus significant new customers over the last few months with over 25 new commercial opportunities in the pipeline.
Contakt has also engaged a software development company, ModalGR, located in Brazil, to add new features to the App, including vaccine passport and COVID-19 test tracking and the company expects to launch the new version of the App in December of this year
On October 14, 2021, Contakt expanded its commercial portfolio through a partnership agreement with Portum through which the company will offer Portum's app and software to commercial and government customers to help implement vaccine mandates in public and private settings.
The company's sales team has been fully trained and has started to promote this SaaS (Software-as-a-Service) product across the USA. This solution will allow the company to immediately offer a vaccine passport and COVID-19 test tracking solution to its existing and new customers.
With several states, such as New York and California, enforcing vaccine mandates, Contakt is focusing on these territories to rapidly gain market share
Contakt also recently hired Alexandre Kochmann, a seasoned executive located in Brazil, to oversee the commercialization and product development of the Health Check and Portum solutions. Alexandre brings 20+ of experience managing large commercial sales forces at large corporations such as Dupont, GLOBALPACK and EMPAX.
With a focus on the private sector, Contakt has dramatically reduced its burn rate. While the company sees long-term opportunities in the public health markets, it is focusing on continuing to build the Health Check business and partnership with Portum.
Contakt is also eyeing opportunities in the Brazilian market and anticipates having a Portuguese version of the App ready in the first half of 2022, which will allow it to offer a robust solution to one of the largest economies in the world.
The company also said it will be hosting a corporate update webinar for shareholders at 12.00pm PST on Friday, November 19, 2021. Investors can register via the following link: https://us02web.zoom.us/webinar/register/WN_ezkTrg7pS3yWlZwA7Iwh3A
Contakt World's mission is to develop or acquire and deliver software (SaaS) that improves access to, efficiencies within, and quality of healthcare in all its forms. The company envisions a world where everyone can achieve their full health potential, and no one is disadvantaged from achieving this potential because of social position or other circumstances.
Contact the author at jon.hopkins@proactiveinvestors.com