Cytta Corp (CYCA)

[sloan14]

10-q is out:

Since the acquisition of the Lifespan technology, and the rights to utilize the Vonify cellular network through the MVNO Agreement, the Company has developed a remote medical monitoring model designed to deliver seamless, near real-time, medical data transmission from home to Insurer. The Company's system seamlessly collects the data generated by the home based medical monitoring devices (such as blood pressure, scale, blood glucose, pulse oxygen etc), utilizing Bluetooth connectivity. This medical data is seamlessly sent from the medical device to the Company's Medical Smartphone, which is also located in the home. The Company's Medical Smartphone, contains proprietary programming which automatically receives the medical data and utilizes the Company's wireless telecommunication services, to transmit the data through the cellular network.
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The Data is automatically transmitted to the electronic medical monitoring systems (EMR's) of the major Medical Groups (such as Insurance Companies, Disease Management Companies, Health Delivery Organizations, Health Plans, Home Health Agencies, Managed Care Organizations, Medical Groups and IPAs) who have placed the systems in the homes of their clients requiring remote monitoring. These Medical Groups contract with Cytta and are responsible for placing the system in the homes of their clients who require monitoring.

The Company has now finalized the testing of the Vonify network in the US utilizing Vonify SIM cards installed on Nexus One android smartphones deployed in various parts of the US. After comprehensive testing, the Cytta network was found to be fully functional and compliant in regards to voice, data and SMS connectivity. The network is suitable in all aspects for utilization by Cytta for the movement of medical information gathered from Bluetooth enabled remote medical monitoring devices. The Company is working on incorporating medical monitoring devices to measure of Blood Pressure, Glucose Values, Weight, PT/INR, ECG Rhythms, Respiration, Temperature, Pulse, and Oxygen Saturation into the Cytta Ecosystem. The Cytta Medical smartphones are also fully functional voice, data and SMS cell phones.

The Company's integrated and completely autonomous system provides numerous advantages over current systems, as well as a pricing structure designed to generate a positive return on investment (ROI) for the Medical Groups utilizing the system. Cytta is best described as a Medical Health Service Provider (MHSP). To this end the Company is currently demonstrating the system to numerous potential device manufacturing partners and Medical Group clients wishing to utilize and or participate in the Company's "medical monitoring ecosystem'.

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