Kai Medical Laboratory, a condition-of-the-art diagnostics laboratory in Dallas, was obtained by Empower Clinics on Oct 6, 2020 to additional advance the Company’s COVID-19 countrywide screening packages for enterprise consumers, including motion picture and tv studios, organizations and schools
VANCOUVER BC / ACCESSWIRE / November 16, 2020 / EMPOWER CLINICS INC. (CSE:CBDT)(Frankfurt:8EC)(OTCQB:EPWCF) (“Empower” or the “Company”) an built-in health care business serving a database of 165,000 clients as a result of clinics in the southwest United States, a telemedicine system and professional medical diagnostics laboratory, is happy to announce that Kai Health-related Laboratory (“KAI”) has gained a file COVID-19 tests purchase that is expected to be in surplus of $CAD 1,000,000.
9,000 Examination Purchase FOR Movie & Tv Generation Signifies REPEAT AND Record Order
In early Oct, soon following the acquisition of KAI, Empower announced an arrangement to procedure about 1,000 COVID-19 RT-PCR exams for a major film & Tv set production over a 30-day interval, with the likelihood of far more small business upon effective completion of the preliminary assessments.
Today’s announcement represents a repeat and appreciably bigger buy get of 9,000 RT-PCR checks to be processed above a four-thirty day period interval by Kai Medical Laboratory. The whole profits from this purchase is expected to be in surplus of $CAN 1,000,000.
Empower Clinics Chairman and CEO, Steven McAuley, said “Just three days in the past we ended up pleased to inform our shareholders that KAI had realized a document thirty day period in Oct with 1,375 units, as effectively as, signed a lot of new industrial tests contracts, the information of which had been to be provided in subsequent push releases. Today’s contract is not one particular of people contracts. We were being educated of this agreement at the close of business enterprise on Friday. As I claimed on Friday, the magnitude of KAI’s advancement and achievement can not be overstated. Although we are very satisfied with today’s history get announcement, these 9,000 assessments signify only a fraction of the lab’s capability of 4,000 COVID-19 RT-PCR checks per day. It is our intention to construct on this significant good results and keep on ramping up expansion appreciably via 2020 and nicely into 2021.”
Freshly Acquired KAI Health care LABORATORY HAS PROCESSED Tests FOR Six Film AND Television PRODUCTIONS
As of September 1st, KAI has already processed checks for 6 distinct film and tv productions in essential US markets which include Los Angeles, Atlanta, New York, Dallas and continues to construct equally self confidence and credibility inside the field.
Film AND Tv set STUDIOS Find Quick AND Reputable Tests Remedies TO RESUME Safe and sound Functions AND MITIGATE BILLIONS IN LOSSES
Overall earnings at the North American box business office in 2019 amounted to $USD 11.32 billion indicated by Statistica.com. In January 2020, the U.S. movement photograph and audio recording field employed about 456 thousand persons, with many hundred thousand a lot more in Canada, U.K. and all over the world.
As a final result of creation closures and cinema shutdowns associated to COVID-19, the bulk of the industry’s revenues and jobs have been briefly shed and are now at considerable risk of extended-expression destruction, if the field is unable to uncover solutions that can provide for the harmless resumption of operations.
Particularly, the worldwide movie and television market is projected to lose a staggering $160 billion of development about the following five a long time, in accordance to investigate business Ampere Analysis.
On November 2nd, AMC Theatres declared a 91% fall in revenues for the duration of the most latest earnings period of time, with losses hitting $906 million in just one quarter.
Empower thinks it is ideally positioned by way of Kai Healthcare Laboratory to deliver 1 factor of the in general resolution with dependable, precise and quick 24-hour COVID-19 RT-PCR tests, which is the gold normal of tests.
KAI Medical LAB Advancement Methods & NEW Industrial Tests CONTRACTS
The Organization is now applying aggressive expansion procedures, including servicing new COVID-19 tests contracts for the movie & television sector, as nicely as, supporting the Sun Valley Wellness COVID-19 RT-PCR and fast antibody tests systems in the point out of Arizona.
To this conclusion, Empower has signed numerous new business testing contracts, the particulars of which will be provided in subsequent press releases.
To more aid with COVID-19 tests, Kai Medical Laboratory has also produced two crucial courses in Texas and Arizona. The 1st software is a direct-to-shopper plan that leverages the potential of several healthcare suppliers to get and administer both of those the RT-PCR examination and the Antibody check. This raises the means of the normal inhabitants to be tested, in particular situation. The next is an Employer COVID-19 Compliance System (ECCP) for organization homeowners and employer groups to enable them to take a look at and check their workforce.
Texas program https://www.testtexasnow.com
Arizona system https://www.covidtest2u.com
The combination of all this industrial exercise considering the fact that the Oct 6th acquisition delivers the Organization with the self confidence necessary to help the expectation of a great deal further growth in the months to arrive.
COVID-19 RT-PCR Testing IS THE GOLD Conventional THAT Makes it possible for EMPOWER TO ROLL OUT Countrywide Phase 4 Testing Packages
KAI Health care Laboratory operates a substantial-complexity CLIA and COLA accredited laboratory that supplies reliable and precise tests solutions to hospitals, healthcare clinics, pharmacies, and employer groups. KAI has taken an active job in COVID-19 screening, battling the pandemic as a result of RT-PCR tests and serology testing with the capability to procedure 4,000 RT-PCR examination specimens for every working day. Though the RT-PCR test identifies if a affected individual has an active virus, the serology or antibody take a look at detects if a individual has formerly been uncovered to the virus. Equally of these examination outcomes are important to taking care of outbreaks and the prospective spread of coronavirus.
As a consequence of this capability, Empower is now capable to broaden period 4 of its COVID-19 screening rollout which was initially introduced on April 27, 2020 commencing with screening in-clinic tests (Period 1) and culminating with a nationwide roll-out across the United States (Stage 4). Section 4 makes it possible for Empower to provider business amount customers, such as movie and tv studios that call for reputable, precise, rapidly and mass batch screening abilities in order to resume output in a safe and sound and compliant method.
This press release is offered on the Empower Clinics Verified Forum on AGORACOM for shareholder dialogue, inquiries and engagement with management https://agoracom.com/ir/EmpowerClinics
Empower is developing a network of doctors and practitioners who combine to serve client demands, in-clinic, by telemedicine, and with decentralized mobile shipping. A simplified, streamlined treatment product bringing essential attributes of the health care offer chain together, always centered on patient experience. The Corporation offers COVID-19 testing services to buyers and firms as portion of a 4-phased nationwide screening initiative in the United States. Empower recently acquired Kai Medical Laboratory, LLC as a wholly owned subsidiary with big-scale tests functionality.
ON BEHALF OF THE BOARD OF Directors:
Main Govt Officer
DISCLAIMER FOR Ahead-Hunting STATEMENTS
This news release is made up of certain “forward-seeking statements” or “forward-seeking information” (collectively “forward seeking statements”) in the that means of relevant Canadian securities laws. All statements, other than statements of historic point, are forward-looking statements and are based mostly on anticipations, estimates and projections as at the day of this news release. Forward-seeking statements can commonly be determined by text these as “plans”, “continues”, “expects”, “projects”, “intends”, “believes”, “anticipates”, “estimates”, “may”, “will”, “potential”, “proposed” and other equivalent phrases, or information that selected events or ailments “may” or “will” happen. Forward-searching statements in this information launch contain, but are not restricted to, statements concerning: the predicted added benefits to the Organization and its shareholders as a result of the acquisition of Kai Clinical Laboratory the transaction terms the predicted amount of clinics and individuals pursuing the closing the upcoming probable good results of Kai Professional medical Laboratory, Sunlight Valley’s franchise product the anticipated date of closing of the acquisition and the occurrence thereof and that the Organization will be positioned to be a market place-major assistance service provider for elaborate client needs in 2020 and further than. These kinds of statements are only projections, are primarily based on assumptions known to administration at this time, and are topic to challenges and uncertainties that may well induce precise success, performance or developments to vary materially from these contained in the ahead-searching statements, which include: that the Company’s solutions may not work as expected that the Corporation may perhaps not be equipped to broaden COVID-19 testing that legislative changes might have an adverse impact on the Company’s organization and merchandise development that the Organization could not be in a position to obtain enough funding to pursue its small business plan general enterprise, financial, aggressive, political and social uncertainties failure to acquire any required approvals in relationship with the proposed transaction and other components further than the Company’s command. No assurance can be specified that any of the functions predicted by the forward-wanting statements will come about or, if they do happen, what rewards the Corporation will get from them. Readers are cautioned not to place undue reliance on the ahead-looking statements in this launch, which are qualified in their entirety by these cautionary statements. The Firm is underneath no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements in this release, no matter if as a result of new details, potential events or or else, apart from as expressly essential by applicable laws.
Source: Empower Clinics Inc.
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