Netmore strikes deal with cosinuss° to provide SIM-cards to monitor Covid-19 in the framework of a key study
Netmore Group AB (publ), global IoT operator, strikes deal with German medical technology company Cosinuss Gmbh for 500 of its M2M SIM-cards. The SIM-cards will be installed in cosinuss° LabGateways, which are connected with in-ear sensors used to monitor low and medium risk patients of Covid-19, in the framework of a key study of patients who are in home isolation. The deal marks Netmore M2M’s entry into the medtech field.
”We are very happy to enter the growing medtech and wellness sector, and particularly proud to help cosinuss° in the fight against Covid-19. The initial order of 500 SIM-cards is a good start and we now look forward to a great product launch which will enable the possibility of more orders in the future,” says Erik Hallberg, CEO of Netmore Group AB.
Netmore’s SIM-cards will be used in cosinuss° LabGateways, which are connected with in-ear sensors for the purpose of monitoring low and medium risk groups of Covid-19 who are in home isolation. Key parameters monitored are body temperature, heart rate, blood oxygen saturation, and respiration rate. The goal of this first-in-class study, using this type of monitoring system, is to reduce mortality rate and to make a pandemic outbreak more manageable by keeping up a functioning healthcare system. The initial order is of 500 of Netmore’s SIM-cards, where each system will require one SIM-card.
About Netmore M2M (Part of Netmore Group AB):
Netmore M2M offers machine-to-machine (M2M) SIM-cards with instant roaming coverage in over 180 countries and more than 700 networks. Besides affordability, Netmore’s SIM-cards also stand out by allowing for IoT scalability. Since the start of Netmore M2M in Q4 2019, more than 100 companies in 14 countries have chosen Netmore M2M to power their IoT devices.
Cosinuss GmbH is a certified medical technology company based in Munich that specializes in mobile, real-time measuring of vital parameters. For this purpose, the company develops its own in-ear sensors, mini-computers, algorithms, and software.
Netmore Group AB is an IoT operator that develops a comprehensive solution for cities, industries, properties and homes. Together with our partners we build a safe and sustainable ecosystem for Internet of Things, locally, nationally and global. Netmore Group was formed in 2010 and since 2017 listed on the Nasdaq First North Growth Market.
G&W Fondkommission is the Company’s Certified Adviser regarding the listing at Nasdaq First North Growth Market.
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