Mr. Nicolas Murray reports

MOSEDA TECHNOLOGIES ANNOUNCES HEALTH CANADA APPROVAL FOR MEDICAL DEVICE ESTABLISHMENT LICENSE

Moseda Technologies Inc. has been issued a medical device establishment licence (licence No. 6711) by Health Canada. The licence allows the company to import Class 3 medical devices and distribute them within Canada.

"Obtaining a medical device establishment licence is one of the key steps towards adoption of our health care software. The ability to access software market share through the sale of already commercialized devices is a major component of our go-to-market strategy," said Nicolas Murray, chief executive officer of Moseda. "We have seen growing demand for mHealth and telemedicine solutions from private and public institutions in order to reliably support remote patient monitoring programs. mHealth and telemedicine technology allow for more efficient, convenient and potentially more cost-effective delivery of care. Offering patients and physicians reliable health devices to perform routine checkups and health assessments remotely is a key factor in determining the long-term success of such programs."

The company is in negotiations with an international pharmaceutical and medical device company to become a reseller of its device in Canada. Pending procurement of devices, the company plans to launch sales in fourth-quarter 2015.

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