Tuesday, May 22, 2018 8:46:05 AM
"Post says StoneCastle plugs into Reliq Health
2018-05-22 07:37 CT - In the News
Shares issued 101,901,914
RHT Close 2018-05-18 C$ 1.81
The Financial Post reports in its Saturday edition that technology companies have turned their attention to devices, creating sophisticated networks that make up the so-called Internet of Things (IoT). The Post's David Dias writes that portfolio managers have begun taking notice of a few Canadian small caps that could prominently figure in the machine chatter of the future. One of these is Reliq Health Technologies ($1.81). Bruce Campbell at StoneCastle Investment likes this service provider, which connects to health sensors in the home in order to track a patient's vital signs. Those data are then streamed in real time to health-care workers. Reliq monitors vital signs such as blood pressure and blood sugar levels, and can even remind patients to take their medication through a voice-enabled Alexa-style interface. The idea is to help hospitals cut down on expensive readmissions, and Reliq has already made strides selling to health authorities in the United States, recently breaking through to profitability. Canada's public health-care system will be harder to penetrate, but a pilot project serving first nations communities is in the works, and Mr. Campbell thinks Reliq could soon garner a lot of attention."
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