Health-care devices are growing more sophisticated these days, and Toronto-based CardioComm Solutions, Inc. (TSX-Venture:EKG) has entered into a device technology relationship for the co-marketing and U.S. sales of a Smartphone connected 12-lead ECG wearable device.
The device is placed around the chest without the use of disposable supplies. The belt is intended for in-home use under a physician's prescription and can be placed properly without the need for any medical training. Once the belt is in place, ECGs are recorded and uploaded to a cloud service from where ECG files are pulled into CardioComm's software.
The stock price acquired two cents, or 40%, early afternoon on Wednesday, to seven cents, on volume of 3.1 million shares.
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