Cloud DX (TSX-V:CDX, OTCQB:CDXFF) has announced that it will partner with Sheridan College on a project with Cloud XR, the company's eXtended Reality division, to further develop the Clinic of the Future, an augmented reality (AR) platform.
The company said the collaboration has been made possible through the support of a Natural Sciences and Engineering Research Council (NSERC) Applied Research and Technology Partnership (ARTP) non-dilutive funding grant.
As a key industry partner, Cloud DX will work with Sheridan College - recipient of the grant - which will conduct a portfolio of applied research projects in mobile health and health and machine learning.
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"Working with partners such as Sheridan's Center for Mobile Innovation is essential to push the industry into the future,” Cloud DX co-founder and chief medical officer Dr Sonny Kohli said in a statement. “At Cloud DX working with leaders, such as Dr Edward Sykes helps bring our inventions to life and supports our commercialization of new healthcare devices, such as our patented Vitaliti.”
Cloud DX said the NSERC funding not only recognizes Canadian technology leadership like its partnership with Sheridan College. More importantly, it said the funding advances the MedTech industry - one where virtual and remote care, artificial intelligence (AI), and augmented reality are embedded throughout; the medical metaverse.
“Think about it, a leading specialist can now examine a patient on the other side of the world, it's limitless,” Kohli continued. “The Medical Metaverse will improve access to healthcare, create more efficiencies, lead to better patient outcomes, and much more.”
The Sheridan Centre for Mobile Innovation (CMI) creates innovative solutions to industry-relevant challenges, in close collaboration with industry, community, and academic partners. CMI uses leading technologies in its research including mobile, artificial intelligence/machine learning/deep learning, wearable computing, augmented/virtual reality/mixed reality and the Internet of Things (IoT).
Accelerating virtual healthcare, Cloud DX is focused on making healthcare better for everyone. Its connected health remote patient monitoring platform is used by healthcare enterprises and care teams across North America to virtually manage chronic disease, enable aging in place, and deliver hospital-quality post-surgical care in the home.
Contact the author at stephen.gunnion@proactiveinvestors.com