Parallax Health Sciences Inc (OTCMKTS:PRLX) announced Tuesday its wholly-owned subsidiary Parallax Behavioral Health Inc has entered into vertical market licenses and technology integration agreements within the financial technology, human resource, lifestyle and healthcare fields.
”Our data driven outcomes technology has applications within several identified fields of use and we are fulfilling our commitment to our intellectual property monetization strategy by generating high gross margin revenue through licensing and enabling leading organizations with our technology to maximize our shareholder value,” said CEO Paul Arena in a statement.
Arena continued: “We’ve expanded our approach to marketing our technology solutions through a business-to-business strategy that allows us to develop revenues from technology provisioning, licensing and royalty agreements that strengthen our patents and proves out efficacy within large and highly scalable markets.”
Parallax Health is a data-driven, Santa Monica, California-based telehealth company focused on developing technology to make remote healthcare a more reliable, cost-effective option for patients. Parallax Behavioral Health provides consulting and software solutions to businesses and individuals to improve value, margin and performance.
“By empowering leading companies to utilize our patented technology and platform we are establishing the value of Parallax Behavioral Healthcare in use cases where our data driven outcomes technology is measured and improved through timely interventions,” said Nathaniel Bradley, chief technology officer of Parallax Health.
“Understanding human behavior through measurement and how to change it from leading organizations with proven methods is a formula for our successful and automated scale.”
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