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Advanced Health Intelligence Ltd. American Depositary Shares - AHI STOCK NEWS

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Advanced Health Intelligence Ltd (AHI), listed on both the ASX and NASDAQ under the symbol AHI, is a pioneer in the realm of digital health. The company specializes in delivering scalable health assessments and risk stratification through proprietary technology accessible via smartphones. Their main services include biometric scans that provide vital signs and health risk estimates for individuals. AHI's technology leverages computer vision, machine learning models, and patented algorithms to offer secure and user-friendly health assessments.

AHI has developed a comprehensive suite of health assessment tools designed for healthcare providers, insurers, employers, and government agencies. These tools include:

  • Body dimension and composition assessments: Identifying obesity-related comorbidities like diabetes.
  • Blood biomarker prediction: Estimating levels of HbA1C, HDL, LDL, and projecting a 10-year mortality risk.
  • Transdermal Optical Imaging: Providing vital signs and cardiovascular disease risk estimates.
  • On-device dermatological skin identification: Capable of recognizing 588 skin conditions across 133 categories, including Melanoma.

AHI's solutions are acclaimed for their scalability and ease of use, making health assessments accessible anytime and anywhere. The company continuously enriches its offerings through strategic collaborations and partnerships worldwide, such as recent agreements in Vietnam with OneClinic and in the Middle East with Dr. Walid Abbas Zaher. Furthermore, AHI’s collaborations with insurance companies like Unisure and innovative projects like the Bearn partnership in the USA demonstrate its extensive market reach and adaptability.

The company’s innovative Biometric Health Assessment (BHA) via smartphone encapsulates several key steps:

  1. FaceScan: Determines blood pressure risk zones and gathers demographic and lifestyle data.
  2. Photoplethysmogram (PPG) Resting Heart Rate Measurement: Captures resting heart rate to evaluate baseline heart health.
  3. BodyScan: Produces waist and hip circumference and body fat percentage.
  4. Cardiovascular Fitness Evaluation: Assesses cardiovascular fitness through an exertion test and heart rate recovery monitoring.

By integrating these steps, AHI provides an immediate, comprehensive health risk assessment, making it an invaluable tool for early detection and management of chronic diseases.

In summary, Advanced Health Intelligence Ltd stands at the forefront of health-tech innovation, committed to improving global health outcomes and enhancing health literacy. Through their robust technology and strategic collaborations, AHI aims to revolutionize digital health care on a global scale.

Rhea-AI Summary
Advanced Health Intelligence Ltd (ASX: AHI) announces eligibility for 43.5% reimbursement of approved expenditures for overseas R&D activities. The reimbursement will contribute to ongoing R&D projects and attract skilled professionals. The company aims to enhance its global impact and remain at the forefront of innovation in the MedTech/Health-Tech industry.
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Advanced Health Intelligence Ltd (AHI) (ASX: AHI) (NASDAQ: AHI) has entered a Collaboration Agreement with UAE-Based IntelliGen FZ-LLC to deploy the AHI technology throughout the Middle East. IntelliGen will receive up to 2,000,000 AHI shares for the delivery of a USD$20,000,000 License to AHI within the region. Dr. Zaher, Co-Founder of IntelliGen, led the development of the COVID-19 vaccine research and protocol for the UAE, and is involved in the execution of multiple Saudi strategies as part of the Kingdom's 2030 vision.
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Advanced Health Intelligence (AHI) has executed a binding exclusive license agreement with Changlin Network Technology Ltd, a Shanghai-based company. The agreement includes an upfront payment of $10 million to AHI, an annual license fee of $5 million, and a 25% revenue share of gross sales. Changlin plans to target an IPO in 2024 and will issue an initial 50% holding to AHI. The collaboration aims to bring AHI's innovative digital healthcare solutions to China, aligning with the country's healthcare transformation initiatives. AHI expects the initial commercial benefit to be the $10 million license fee payment within 90 days. The agreement provides AHI with opportunities for growth and expansion in the Chinese market.
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Advanced Health Intelligence Ltd (AHI) has announced expanded partner opportunities in the UAE and the commencement of a joint study with Stellenbosch University. AHI has also entered US FDA submissions and cleared NASDAQ compliance requirements. The company received a $5 million placement completed at a market premium and significantly reduced its debt. AHI reported a revenue of $241,542 for the quarter ending 30 June 2023 and consolidated post-acquisition operating costs by $4.8 million per annum. There has been a strong uplift in NASDAQ trading. AHI is actively engaging in constructive dialogues to explore collaboration opportunities with various organizations within the healthcare technology industry.
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Advanced Health Intelligence (ASX: AHI, NASDAQ: AHI) provides an update on their smartphone-based biometric health assessment (BHA) and their collaboration with Stellenbosch University. The study aims to validate the effectiveness of the BHA, which captures 61 health outputs and 41 biometric captures across five health categories. The initial phase of the study showed promising results, with 18 out of 20 subjects showing clinical relevance. AHI has also made an initial submission to the FDA for the categorization of their BodyScan device for obesity identification and tracking.
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Advanced Health Intelligence Ltd (ASX/NASDAQ:AHI) announces a ratio change of its ADSs to ordinary shares, effective June 30, 2023. The new ratio is 1 ADS representing 28 ordinary shares. The ADS price is expected to increase proportionally.
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Advanced Human Imaging Ltd (ASX, NASDAQ: AHI) has completed a Master Services Agreement with South Africa-based VERTICA Pty Ltd. This agreement allows Vertica to use AHI’s Software Development Kits (SDKs) for body circumference and face scan measurements, enhancing their digital health platform. The MSA includes service and technology support, but the financial impact on AHI is currently unquantifiable, as no minimum orders are set. AHI expects no immediate financial return, with revenue identifiable only after the commercial release of the integrated application.

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Advanced Human Imaging Limited (ASX, NASDAQ: AHI) has finalized a Master Services Agreement (MSA) with Singapore's BIZBAZ Pte Ltd. This arrangement permits BizBaz to utilize AHI's Software Development Kits for body and face measurements within their application. The MSA is set for an initial term of one year, with automatic renewals. While the financial implications are currently unquantifiable, there are no minimum order commitments. AHI will provide technology support and training under this agreement, but integration timelines depend on BizBaz's technical readiness.

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Advanced Human Imaging (ASX: AHI) has signed a Master Services Agreement with NEXTMEDICALL S.A.C, allowing the integration of AHI's MultiScan SDK into Nextmedicall's platform. This partnership aims to enhance telemedicine services in Latin America, providing users with tools to assess health risks and vital signs. The MSA covers essential aspects including software development, technology support, and data processing. Nextmedicall specializes in connecting chronic disease patients with healthcare providers, creating a comprehensive digital health solution.

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Advanced Human Imaging Limited (ASX: AHI) announced a letter to shareholders from new CEO Dr. Katherine Iscoe, emphasizing a commitment to driving growth and innovation. She outlined plans to enhance AHI's technology, strengthen customer engagement, and improve revenue strategies. Acknowledging challenges such as a low share price, Iscoe aims to align her leadership with shareholder interests, aiming for transformative advancements in health tech using smartphone capabilities. Under her guidance, AHI seeks to expand its presence in various sectors, including health and fitness.

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FAQ

What is the market cap of Advanced Health Intelligence Ltd. American Depositary Shares (AHI)?

The market cap of Advanced Health Intelligence Ltd. American Depositary Shares (AHI) is approximately 13.1M.

What does Advanced Health Intelligence Ltd (AHI) specialize in?

AHI specializes in delivering scalable health assessments and risk stratification through proprietary technology accessible via smartphones.

What kind of health assessments does AHI offer?

AHI offers body dimension and composition assessments, blood biomarker predictions, transdermal optical imaging for vital signs, and on-device dermatological skin identification.

How does AHI’s Biometric Health Assessment (BHA) work?

AHI’s BHA involves steps like FaceScan, Photoplethysmogram (PPG) Resting Heart Rate Measurement, BodyScan, and Cardiovascular Fitness Evaluation to provide a comprehensive health risk assessment.

What are some recent strategic collaborations of AHI?

Recent strategic collaborations include agreements with OneClinic in Vietnam, partnerships for digital transformation in the Middle East, and projects with insurance companies like Unisure.

How is AHI’s technology beneficial for chronic disease management?

AHI’s technology enables early identification of health risks, facilitating timely interventions and better management of chronic diseases.

What is AHI's mission?

AHI aims to improve healthcare outcomes, enhance health literacy, and support the early detection and management of various health conditions.

What are some unique features of AHI’s health assessments?

Unique features include on-device body dimensioning, blood biomarker prediction, vital signs estimation through transdermal imaging, and skin condition identification.

Which regions is AHI currently focusing on for expanding its services?

AHI is focusing on regions like Southeast Asia, the Middle East, and the USA for expanding its digital health services.

How does AHI ensure the privacy and security of health data?

AHI uses advanced computer vision, machine learning models, and patented algorithms to ensure a private and secure way for individuals to perform health assessments.

Can individuals use AHI’s health assessments on their own?

Yes, AHI’s health assessments are designed to be user-friendly and can be conducted by individuals using their smartphones.

Advanced Health Intelligence Ltd. American Depositary Shares

Nasdaq:AHI

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13.10M
8.51M
0.06%
0.3%
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