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"Is there a problem?"
Yes with your accounting.
Innova has been awarded 2 contracts. You can search for them on TED. Try: innova antigen.
https://ted.europa.eu/TED/search/search.do
The first award was this one Supplies - 494882-2020
This award notice was published on BIDSTATS on 19 Oct 2020 and listed a value of USD138M.
https://bidstats.uk/tenders/2020/W43/737214508
This award notice was re-published on BIDSTATS on 02 Dec 2020 and listed a value of £104M (which is approximately USD138M) and included the Duration, Delivery and Contract End Date information which not specified in the previous published one.
The updated listing also included this statement: "This contract was awarded in USD and has been published in GBP." Which explains to me the change from a listed value of $138M to £104M.
https://bidstats.uk/tenders/2020/W43/737214508
The second award was this one Supplies - 533961-2020
This award notice was published on BIDSTATS on 06 Nov 2020 and listed a value of £496M.
https://bidstats.uk/tenders/2020/W45/738394166
This award notice was re-published on BIDSTATS on 26 Nov 2020 and listed a value of £496M and included the Duration, Delivery and Contract End Date information which not specified in the previous published one.
https://bidstats.uk/tenders/2020/W48/739704996
So just 2 contract awards, which have each been published twice with updated information.
Total award = £103,600,000 + £496,080,000 = £599,680,000 or about $798,000,000.
Imagine that.
"Again please point out on the Innova website any app other than the Innova QDX HealthID app."
On Nov. 11, Julie Manley, Innova Director of Communications, wrote a PR about UK government testing. The Innova PR is posted on the Innova website under Media.
https://www.innovamedgroup.com/post/u-k-government-conducting-whole-city-screenings
Isn't the answer to that obvious?
Well we are talking two different things here. What I posted is about contact tracing apps based on the google/apple tech. QDXH is focused on test & test result tracking. Anti counterfeiting could be used to support test tracking.
I don't see AC being applied to a contact tracing app, unless you go with the forehead tattoo.
What I find interesting about ASU
"using the testing-and-health-status app “HealthCheck,” which was designed by Safe Health Systems, or SHS, a partner of Mayo Clinic. Hedera Hashgraph has struck an agreement with SHS to verify and record events in real time using distributed ledger technology."
is that QMC and ASU had a very close relationship in the past and ASU did not go with QDXH ID.
QMC paid ASU over $800K to optimize Solterra's solar cell design, QMC licensed ASU's patent, and ASU provided the services of Dr Jabbour to QMC, who then hired him.
Kind of ironic that QMC did not have an inside track.
Interesting. A patent for basically inkjet printing QD containing inks into sub-pixels in LCDs.
Harkens back the days of screening printing QDs into OLEDs.
"As stated before the real question is those that are missed with a false negative do they carry enough VIRUS LOAD to be contagious?"
Not at the time of the test, but the problem is with recently infected patients that have low but increasing virus load.
They get tested and due to their low virus load, 20-40% of them get a false negative result, but their virus loading is growing larger and they don't have symptoms. In the next day or two they become contagious, but since they tested "negative", they go out to bars/restaurants, events or go to family gatherings and don't wear a mask. So they spread the virus.
And here is the update from 9/29/20.
https://www.accesswire.com/607914/Sigma-Labs-Awarded-Contract-by-Major-Oil-and-Gas-Services-Company
So there is excitement about a new website in Australia.
https://www.covid-rtt.com/
Another partnership with someone to distribute Innova Rapid test kits and QDXH app.
App appears to have been created on Nov. 7 2020.
Website claims:
The Nuffield Health Hospital in Glasgow UK has been added as a Provider Location that uses the Innova test in the QDXH app.
Innova has been successful at getting their name out there in the UK press and media, so people know that their tests kits have been evaluated, purchased by the UK government, and are being used for mass testing, etc.
So if QDXH app is being distributed and used along with the Innova test kits, then why can't "Les Paull, Phd., CEO of QMVT LLC, which is responsible for sales and marketing of QMC’s innovations" (i.e., QDXH app) get the QDXH name out there along with the Innova name?
Developing product recognition and trust is essential for expanding QDXH's market beyond initial testing and into other markets. Right? Isn't that what marketing is suppose to do?
Innova just put out this PR:
https://www.innovamedgroup.com/post/u-k-government-conducting-whole-city-screenings
about their success in partnering with the UK government in launching their rapid test kit for mass testing in the UK. But somehow there is no mention by Innova of their partner QDXH, nor the QDXH app "bundled" with Innova's test kit. The app is not even mentioned under the Innova or Tried&Tested name.
What was included was this:
In the QDXH ID app I'm identified by a QR code not a bar code.
Observations about the QDXH ID app.
The app does list the Innova Antigen Rapid Qualitative Test on the Test List.
However, when you click on this test, the only Provider Location that comes up is the QMC Office in San Marcos.
The Provider Locations in the app does not include any of the 6 test locations in Liverpool. The only Test Provider listed outside of the US is The Dropping Well pub in Dublin Ireland, which started employee testing about 2 months age. There are six "Example" testing sites in Texas and Arizona, but these are not "real" testing sites.
The City Map on QDXH website still only has London as the only location in the UK, but it does link to the GOV.UK covid site, but doesn't get you directly to UK testing locations. I would have expected that an icon would have been added to Liverpool with a link to the Liverpool testing website, but I don't see that. Aren't I suppose to be able to look up a testing location with my preferred test kit on the app?
I will point out the QDXH Map now lists Singapore, Philippines, Japan, Mexico, Brazil and Canada.
As far as listing Certifying Authorities, the app includes QMC and 3 sample Authorities. There is no UK or Liverpool certifying ruleset provided as a choice, just a generic government sample.
Is App still in Beta?
Yes Minns did hold up an Innova test device during the Kansas trial and talked about how they had all been tested using a salvia test.
People can do what ever they want.
But the important points are that the Innova antigen test kits are not authorized via EUA by the FDA for use in the US, either as a swab test or a saliva test.
The only Biotime/Innova covid test authorized by the FDA for use in the US is the Biotime antibody/serology test, which was originally authorized on 7/24/20.
BIOTIME SARS-CoV-2 IgG/IgM Rapid Qualitative Test from Xiamen Biotime Biotechnology Co., Ltd in China
You can look it up here:
In Vitro Diagnostics EUAs
Innova has been saying for months that the Innova tests have been submitted for review by the FDA, but as of 11/06/20 they have not made it to the FDA authorized list.
Yes they have CE Marks in Europe, but need EUA for approved use in the US.
If you signup for the test and use the NHS app at the test site to register (You scan an NHS QR code from inside the app), then your results are automatically upload into the app, when they send you your results.
To get a test in Liverpool, you register on-line at:
https://www.gov.uk/guidance/getting-tested-for-coronavirus-if-you-live-or-work-in-liverpool
using the "book your test" tab.
Or use the NHS Covid-19 app:
https://covid19.nhs.uk
I suppose there could be an updated version from Innova or Tried&Tested, but this is the only one I have seen.
Looks the same on T&T website, but that one is missing the last column on the last page which would have had the date.
601,142,400 GBP or 787,496,544 USD
533961-2020
II.1.1) Title: SARS-CoV-2 Antigen Rapid Qualitative Test Kits
II.1.7) Total value of the procurement (excluding VAT)
Value excluding VAT: 496 080 000.00 GBP
V.2.1) Date of conclusion of the contract: 06/10/2020 (Oct. 06, 2020)
494882-2020
II.1.1) Title: Provision of Innova SARS-CoV-2 Antigen Rapid Qualitative Test Kits
II.1.7) Total value of the procurement (excluding VAT)
Value excluding VAT: 138 240 000.00 USD
V.2.1) Date of conclusion of the contract: 17/09/2020 (Sep. 17, 2020)
Convert 138,240,000 USD x 0.76 GBP/USD = 105,062,400 GBP
496,080,000 GBP + 105,062,400 GBP = 601,142,400 GBP
or
601,142,400 GBP x 1.31 USD/GBP = 787,496,544 USD
Sure and BigE just provided the facts from official sources to back that up.
No I think there was a try to establish the facts, not to minimize the deal.
European date format for 06/10/20 is October 6 2020, not June 10 2020.
Then why do you keep arguing about dollars vs pounds? People have different opinions about it, but you can't seem to let it go.
From Financial Times on 11/3/20
"So why assume its QMVT when we know its QMCs "wholly owned subsidiary" "
I think the assumption was that QMVT probably gets a cut of the transaction.
My theory on India is this.
Amtronics India JV (82% Amtronics CC and 18% AMTRON).
After the first half of the $1 million commitment fee was paid, Amtronics CC could not secure the additional $50 million they needed beyond the initial $20 million they supposedly secured for the JV. So Amtronics India balked at paying QMC the second $500K, maybe based on some QMC performance issue, as was mentioned at one point.
But to keep everything rolling along, the 2 reactors were build by QMC and shipped to Amtronics India in June 2019. "Payment" was guaranteed by AMTRON's LOC.
Monsoon hits delaying start of construction. Forecast slipping, more promises, and Amtronics CC still not able to secure $50 million.
QMC collects $1 million based on AMTRON LOC for the 2 reactors at some point. Total $500k + $1 million.
Covid hits India, AMTRON's Tech City project is shutdown.
AMTRON Foundation Day video on April 4.
AMTRON floats the idea that they could use their reactors to produce nanoparticles for use in PPE. Yadava said, "we have with us our two flow reactors lying with us in the Tech City."
AMTRON makes no mention of their partner Amtronics CC or the Amtronics India JV. They did contact QMC for advice and were looking for other experts in India to assist/direct them.
Sounds to me that AMTRON could have been left holding the bag for the million dollar reactors by Amtronics CC.
Not according to this video from the Innova website.
You seem to be more disgruntled that I am.
"Now why would they use free vaporware developed by part time Jay if they didnt think it added value to their test kits. QMC surely didnt put it on Innova's website themselves."
Seems like old times.
The posts were about the British government purchases, not direct to consumer retail sales.
"It would not be much of a stretch that Innova Tried & Tested could sell their immunity passports to the government by offering a system that verifies not only a person tests are negative but the test used was authentic and not a counterfeit thus providing additional safety to the public."
The government is buying 20 million test kits directly from Innova Tried & Tested, who are the kit distributers and who are directly tied to the kit manufacturer BioTime. No middlemen in the process.
Should the British government be concerned about Innova delivering counterfeit test kits? That does not say much about Innova's distribution network or trust in the manufacturer.
Great sales pitch, buy our extra app to insure we don't deliver fake test kits to you.
I believe the Innova Medical website has been updated. Before I believe that it was just a single page without a lot of info, but I may be confusing it with the CovidSignals website, which has been “hidden” for the last week or two. Anybody known? The Wayback Machine has not archived that URL.
https://www.innovamedgroup.com/
Anyway, here are my observations about the current pages.
1. On the home page they have added the new videos and expanded the information on various tests, covid and non-covid.
2. Innova has included the Boris Moon Shot article on the Media page but has not yet added the article claiming that Innova has been awarded two contracts.
3. Under the Covid-19 Testing tab, they have pages for Sports, Cruise Ships, Care Homes, Universities, and Airlines/Airports.
The Sports page does address the use of a QDXH app.
Updated for 3Q results:
The 1st Q conf call was on 5/14/20, which was due on 5/15. And no new financing after that.
The 2nd Q conf call was on 7/23/20, which was due on 8/14, so 3 weeks early. 10-Q reported $2.45 million in cash as of 6/30/20.
The end of August, four accredited investors exercised preferred warrants by paying the company $3.5 million. They originally obtained the preferred warrants during the $1.6 million financing deal back in January.
The 3nd Q conf call was on 10/22/20, which was due on 11/14, so 3 weeks early. 10-Q reported $5.51 million in cash as of 9/30/20.
$2.45M cash 6/30
+$3.50M cash increase August
-------
$5.95M --total
-$4.51M cash 9/30
-------
$1.44M cash spent in 3 months
cash burn rate $480K per month even with new hiring
I think max VAT is 20%. It would need to be 30% to make the 138M USD without VAT into £138M with VAT.
Anybody find a confirmation document for the second contract?