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Good to see they were true to their word. This message of a strong relationship is a confidence booster too
Since they were targeting July 31st before, hopefully that means we'll get the partnership news in the next week or two and not have to wait till the end of the month.
But like you said, at this point a few more weeks is no big deal. Especially since it doesn't appear to effect their timeline and they plan to launch in October.
The investor presentation on the website is well done with detailed information. Check it out.
I agree. Was hoping for news on the partnership, anxious to see the company and terms. Waited this long, couple more weeks won't hurt. Got to get this right, no need to rush it. Rest of the details are a positive.
This all sounds very promising. Exciting times!
Summary: global partnership this month, revenue in October, and new investor deck has a timeline. They will be putting out Q4 revenue guidance in September, testing their low cost human CGM in Q4, up list to NYSE American in Q1 2023, and have a global launch with the leading animal health company they are partnering with in June of 2023.
New PR: partnership update and October launch date for pet cgm
ALR Technologies Announces First Shipment of GluCurve Pet CGMs Expected in October and Update on the Manufacturing Agreement
SINGAPORE, Aug. 01, 2022 (GLOBE NEWSWIRE) -- ALR Technologies SG Pte. Ltd (“ALRT” or the “Company”) (OTCQB: ALRT), the diabetes management company, announces the Company has received manufacturing approval from Infinovo Medical Co., Ltd. (“Infinovo”) to place the first purchase order (“PO”) for the GluCurve Pet CGM with an expected delivery date of October 2022. Furthermore, the manufacturing and supply agreement with Infinovo was subject to certain closing conditions, including entering into a binding sales and distribution agreement for the GluCurve Pet CGM by July 31, 2022. Both parties agreed to let that agreement terminate and are now working on completing a new agreement under the same terms, extending the closing condition for ALRT to enter into a binding sales and distribution agreement for GluCurve to August 31, 2022.
“We have agreed in principle on the key terms for a global sales and distribution agreement with a leading animal health company,” commented Joe Stern, Head of Animal Health at ALRT. “The last step in their due diligence process is to evaluate the GluCurve Pet CGM internally by using it on their own sample of customers and their respective pets. This step is taking longer than we initially projected due to scheduling delays. After discussing the delays with Infinovo we agreed it would be in both parties’ best interest to complete a new contract extending the date of the closing condition for a sales and distribution agreement date to August 31, 2022. Based on our non-inferiority study results earlier this year, we do not expect this delay to alter our commercialization schedule and will provide further updates on timing and details of the initial launch upon the execution of the global sales and distribution agreement.”
The GluCurve Pet CGM is the first and only continuous glucose monitoring system for diabetic cats and dogs. Veterinarians can quickly apply the monitor onto pets before sending them home where glucose levels are remotely recorded every 3 minutes and securely uploaded to the ALRT cloud. In the cloud, the data is analyzed and organized into time saving graphs and tables that are displayed in the veterinarian’s patient management portal along with additional features such as glucose curve comparisons and overlays, insulin dose calculators, best practice guidelines, and more. The pet owner will also have access to live time glucose readings and graphs through the GluCurve app for iOS and Android.
ALRT is pleased to announce an updated investors presentation has been uploaded to the investor relations section of their website and can be viewed at https://www.alrt.com/investors.
Hoping that 'very soon news release' is a very, very good one! GLTUA
I sent a message to investor relations this morning asking about the distribution agreement and within an hour I received a response from Joe Stern, head of animal health.
Joe said, “unfortunately we cannot comment on specifics privately, but be on the lookout for a news release very soon. I can tell you we have a very strong relationship with both Infinovo and our potential distribution partner.”
For whatever it’s worth, I thought I would pass it on…
Merck: 1-in-300 dogs and 1-in-230 cats have diabetes which means with the close to 100 million dogs and 100 million cats in the USA alone the market size for ALRT's pet CGM is HUGE
https://www.merck-animal-health.ca/pet-diabetes/#:~:text=What%20is%20Pet%20Diabetes%3F,and%201%20in%20230%20cats.
Veterinary article explaining the need for pet CGMs from last year, this is a good overall picture of what a CGM is, how it works, and why its useful. But this is talking about a human CGM being used for animals, so it makes sense why a pet specific one will become the standard of care.
My veterinary said out of the two CGMS on the market, Dexcom is way to expensive to ever use and so Libre is the only options vets prescribe but the software to read the thousands of blood sugar readings is terrible and its only on the pet owners phone not in the vets system. Plus you have to scan it every 8 hours or you lose the data because its a "flash" monitor not a "continuous" monitor.
https://bluepearlvet.com/medical-library-for-dvms/hitting-the-sweet-spot/
You're right about the OTC market, it is very different then it use to be with most people chasing volume and hype instead of looking for hidden gems or buying companies before big news like they use to...
I don't think the OS at 551M shares matters much because the float is still only 109M so those are restricted shares.at .05 its only a $5.5 million float which can move extremely easy with volume but I think it helps that there are so many longs.
In the long run ALRT will be valued based off revenue/earnings/growth IMO, but until they commercialize in Q4 its all about awareness. I don't understand why as shareholders nobody on this board spreads the word when news comes out, or post on this board discussing the news which could get us on breakout boards.... Regardless of personal feelings about different issues, it would help get more board followers, more eyes on us, and more investors short and long term that would help the price and bring in more daily volume (buying or selling, both are good).
30K shares @ 0411 on the Bid now with 221K@ 05 on the Ask. Going to need more positive news for this to move upward and onward.
BID_ .0475 ... the first time this stock has seen this bid in many months! Go baby, go!!!
I would believe that a few years ago, but don't forget the os doubled from that time frame.
Though anything is possible and seems like it's more of a hype game with the otc then a numbers game
As I previously mentioned ... I have owned ALRT for 17 years. I have seen it literally go from .001 to .14 cents when I honestly thought it was going off the board. One time it went over .30 cents ... so, logically ... with this news that will be accretive to earnings ... plus provide the company much needed working capital ... it would seem logical with positive news ... this stock could very well go somewhere between .25 to .50 cents. Just logic based upon no hype, but years with precedent. Best to all that believed and held long1
295K shares traded so far today, which is encouraging. This early news "hinting" at a pending deal structure may be starting to spark a little interest, although I would have thought the share price would be higher than 045. Oh well, no mind. If the deal gets inked we should see some real action. GLTUA
Fingers crossed!
I was rereading the pr yesterday and it sounds so promising
“Our next targeted milestone is securing distribution for the ALRT GluCurve Pet CGM. We have been working with many of the largest global distributors and pharmaceutical companies in animal health, evaluating different distribution opportunities ranging from joint venture partnerships to sales and distribution agreements. We believe we have narrowed in on the right company and right deal structure to best bring value to our shareholders and to those who care for diabetic pets. We hope to announce the details of this pivotal next step in the near future"
Yeah, there have been a handful of people that have been here a long time, I think it's time the companyrewards shareholders.
I was checking the alrt website out today and they actually had a link to this ihub board haha
With ya on that Rdizz. But trying not to get my hopes up too high. A 50¢ share price seems pretty optimistic. Over the last 5 years of so, I've dropped my sell to 10¢ and even 8¢, and haven't come close on any good news. This may be the one and I've bumped my price up, but not holding my breath. It would be a helluva surprise though, wouldn't it? GLTUA!
rd, agree; hear what though?
glty, glta
I'm thinking we hear nothing this week, but early next week the pr and 8k drop, what do you guys think?
Yeah, I'm hoping to wake up to a Schwab notification that my 50 cent sell sold. It will make the last 5 years of dead money all worth it
According to the last press release, One trading week or less until we find out about the distribution agreement. Exciting days ahead for all the shareholders who held on this long.
Hard thing to predict. But having a clear pathway to revenue would be a major milestone, and it’s also a milestone that’s easy to understand/appreciate for outsiders who don’t know anything about ALRT yet. Hoping this will be what takes us to the next level. Not sure what that “level” is from a PPS perspective.
What is everyone's price prediction when the distribution news hits, I set a sell at .50, that's a 250mil market value, which might be really high. .25 might be a more reasonable price but I'm skeptical about the volume getting where it needs to be.
We need to start getting some chatter on the board so we can get some eyes before the news hits
Agreed. I’m guessing in the next 2 1/2 weeks or less, ALRT will have a third party distribution agreement established which will pay them a large sum of money for a sizable stake in the pet side of the business. The manufacturing agreement is contingent on it being settled by July 31 so it is go time. For me, the big questions are who is the third party and how fast will sales ramp up. I’m cautiously optimistic.
Interesting.. must not need to raise money anymore
SEC_8K_filed, $ALRT has terminated the right to distribute 101,025,092 unrestricted shares of common stock at a price of $0.05 per share pursuant to the Prospectus.
https://www.otcmarkets.com/filing/html?id=15939136&guid=Y1U-kHKnD2xpJth
I agree, to only give themselves 1 month to close a distribution deal, something must already be in the works.
Just re-read the announcement. We should have more info by July 31st. It’s happening, people!
“The Manufacturing Agreement is subject to certain closing conditions including the completion of a distribution agreement with a third party by July 31, 2022.”
thanks for sharing last one :)
glty, glta !
Partnership news coming next: "We believe we have narrowed in on the right company and right deal structure to best bring value to our shareholders and to those who care for diabetic pets. We hope to announce the details of this pivotal next step in the near future.”
News! ALR Technologies Completes Definitive Manufacturing Agreement with Infinovo Medical for the GluCurve Pet CGM Hardware
June 29, 2022 08:28 ET | Source: ALR Technologies
SINGAPORE, June 29, 2022 (GLOBE NEWSWIRE) -- ALR Technologies SG Pte. Ltd (“ALRT” or the “Company”) (OTCQB: ALRT), the diabetes management company, announces the completion of a definitive manufacturing agreement with Infinovo Medical Co. Ltd (“Infinovo”) to manufacture and supply the Continuous Glucose Monitor (“CGM”) hardware that will be utilized as part of the ALRT GluCurve Pet CGM (the “Manufacturing Agreement”). The Manufacturing Agreement gives ALRT the exclusive global rights to distribute the Infinovo CGM hardware for the animal health market, providing long-term production and supply. Subject to the satisfaction of all closing conditions it is expected that initial deliveries of product by Infinovo will be made during Q4 of 2022
“Executing the Manufacturing Agreement with Infinovo marks another major milestone in our path to commercialization and profitability,” comments Sidney Chan, Chairman and CEO of ALRT. “Our next targeted milestone is securing distribution for the ALRT GluCurve Pet CGM. We have been working with many of the largest global distributors and pharmaceutical companies in animal health, evaluating different distribution opportunities ranging from joint venture partnerships to sales and distribution agreements. We believe we have narrowed in on the right company and right deal structure to best bring value to our shareholders and to those who care for diabetic pets. We hope to announce the details of this pivotal next step in the near future.”
The Manufacturing Agreement is subject to certain closing conditions including the completion of a distribution agreement with a third party by July 31, 2022.
https://alrt.com/news/2022/06/29/manufacturing-agreement
ALRT share price is on FIRE! 0323 right now on 2K volume. So happy to be a bag holder.
I checked the 8k "the Redomicile Merger is expected to be completed during the third quarter of 2022."
Good volume day, the redomicile is suppose to happen any day now
Your right they got that for sure
What about the loss carry forward, the won't ever pay taxes with 20 years of losses
Im guessing they are predicting future revenue and profit. Hence the reason for the move. Singapores corporate tax rate is 17% lower than the US and most likely to be increased in the future here in the US
Yeah definitely, this whole redomicile to Singapore seems fishy to me.
I'm not surprised. Are you? Looks like we're bag holders to me.
Halfway through June and still no partnership deal.
Ut oh.. looks like peeps are starting to unload this ticker. Chan is having the last laugh. LOS - you should be loading up on this at 03. Please do. Someone please drive the share price up so I can exit with my shirt on!
LOL. Yeah. I'm hoping there's a few big buyers out there myself so I can exit.
I agree with you Trade4today. Just another year with no solid progress, and by solid I mean revenues. Looking like another Pig in the Poke.
There is seems to be no signs partnership, i stated over a month ago that the selling would start at the end of May. If there was a partnership the share price would be increasing. So no reason to have an investor update to announce bad news. They are running to Singapore to avoid lawsuits. The company has millions of share options that they have been using to pay outside contractors and others. Chan has huge lopsided buy out contingency written into the corporate minutes .. they are fishing for a partner but it seems they all see thru the BS .. yes chan has put up alot of money to fund the company but if someone has 20 million plus to fund they have alot more than just 20 million dollars he would not put every dime into this and if he loses 20 mil I’m sure it’s against a major gain somewhere else so just a write off to him. I have been patient and the money i have invested in no big loss but sometimes you move on because this train seems to be going no where I hope i am wrong but I tried and believed .. but i can admit when i made a mistake and i move on .. without a partnership I don’t believe they can go it on their own will see what happens going forward but my shares will hit the market in the near future..
Just my thoughts. This isn’t geared towards anyone on this board.. I really get a kick out of the banter back and forth and will miss it quite honestly
I see opportunity, too! Buy baby, buy!
What is most upsetting to me about shares trading at 3 cents is, the fact that I did not have cleared funds in my brokerage account ready to go so I could take advantage.
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