- Think's digital platform approach helps the new client to
deploy essential software and data solutions quickly and
cost-effectively, which meets stated level of urgency.
- Think's Digital Front Door and Learning Management System
solutions are being deployed in a minimum 5-year SaaS and services
agreement.
- Year one contracted revenue is expected to total approximately
$8.5 million, out of which,
$7.8 million is recurring. Think
expects to incur direct costs in line with typical contracts of
this nature.
TORONTO, March 7,
2023 /CNW/ - Think Research Corporation (TSXV:
THNK) ("Think" or the "Company"), a company focused
on transforming healthcare through digital health software
solutions, is pleased to announce, its support for the new client
to improve access to quality, timely healthcare.
Sachin Aggarwal, CEO of
Think said, "As noted in our press release on
February 9, 2023, we are
honoured and excited to leverage our essential data and digital
solutions to help this new client to solve its urgent healthcare
access and delivery challenges. With a broad range of digital
modules on our platform, we are focused on getting essential
solutions deployed quickly to meet the urgency of the situation. We
believe that this deployment will help set the standard for using
digital health solutions to improve patient outcomes and save
lives."
About Think Research Corporation
Think Research Corporation is an industry leader in delivering
knowledge-based digital health software solutions. The Company's
focused mission is to organize the world's health knowledge so
everyone gets the best care. Its evidence-based healthcare
technology solutions support the clinical decision-making process
and standardization of care, to facilitate better health care
outcomes. The Company gathers, develops, and delivers
knowledge-based solutions globally to customers including
enterprise clients, hospitals, health regions, healthcare
professionals, and / or governments. The Company has gathered a
significant amount of data by building its repository of knowledge
through its network and group of companies.
Think licenses its solutions to over 13,000 facilities for over
300,000 primary care, acute care, and long-term care doctors,
nurses and pharmacists that rely on the content and data provided
by Think to support their practices. Millions of patients and
residents annually receive better care due to the essential data
that Think produces, manages and delivers.
In addition, the Company collects and manages pharmaceutical and
clinical trial data via its BioPharma Services subsidiary.
BioPharma Services is a leading provider of bioequivalence and
Phase 1 clinical research services to pharmaceutical companies
globally. Think's other services include a network of digital-first
primary care clinics and medical clinics that provide elective
surgery. Visit www.thinkresearch.com
Caution Regarding Forward Looking Information
This press release contains "forward-looking information" within
the meaning of applicable securities laws. Forward-looking
information may be identified by statements including words such
as: "believe", "expect," "likely," "may," "to be," "could,",
"would," "should," "will" and similar references to future periods
or the negative or comparable terminology, as well as terms usually
used in the future and the conditional. Statements including
forward-looking information may include, without limitation,
statements regarding the expected term and value of this
contract.
Forward-looking information reflects management's current
beliefs and is based on assumptions that may prove to be incorrect.
The Company considers these assumptions to be reasonable in the
circumstances. However, there can be no assurance that such
assumptions will reflect the actual outcome of such items or
factors. By its nature, forward-looking information involves known
and unknown risks, uncertainties, changes in circumstances and
other factors that are difficult to predict and many of which are
outside of the Company's control which may cause the Company's
actual results, performance or achievements, or other future
events, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking information. The Company's actual results may
differ materially from those indicated in the forward-looking
information. Important factors that could cause actual results to
differ materially from those indicated in the forward-looking
information include, among others, the risk factors described under
the heading "Caution Regarding Forward Looking Information" in the
Company's Management's Discussion & Analysis for the year ended
December 31, 2021, which is available
on the Company's profile at www.sedar.com. The Company has assumed
that the risk factors referred to above will not cause such
forward-looking statements and information to differ materially
from actual results or events. The reader is cautioned to consider
these and other factors, uncertainties and potential events
carefully and not to put undue reliance on forward-looking
statements.
Other than as specifically required by applicable Canadian law,
the Company undertakes no obligation to update any forward-looking
statement to reflect events or circumstances after the date on
which such statement is made, whether as a result of new
information, future events or results, or otherwise.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
For more information:
https://www.thinkresearch.com/ca/investors/
SOURCE Think Research Corporation