Business
Formation of Cantab Corporate Health Limited
Formation of Cantab Corporate Health Limited.
About this update from Cambridge Cognition Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 5678Z Cambridge Cognition Holdings PLC 21 September 2015 \n\nCambridge Cognition Holdings Plc \n('Cambridge Cognition' or the 'Company')\n \nCambridge Cognition forms Cantab Corporate Health Limited\n \nCambridge Cognition Holdings plc (AIM: COG), which specialises in computerised neuropsychological tests including those enabling the early detection of dementia, announces it has entered into an agreement with Shandwell Ltd ('Shandwell') to launch Cantab Corporate Health Limited ('CCHL') and that CCHL has secured its first contract. \n \nCCHL will be dedicated to working with employers and their healthcare providers in delivering sensitive and accurate cognitive assessments in all relevant workplace settings using the proprietary CANTAB™ tests from Cambridge Cognition. The tests are run through iPads and provide reports in minutes, helping identify problems which can then be managed in the workplace. CCHL's business development will be managed by Shandwell, a consultancy business specialising in improving the health and wellbeing of the working population, in return for a minority equity stake in the new entity.\n \nCCHL will deliver a new revenue stream to Cambridge Cognition through licensing revenues, royalties and product sales, and it will create a vehicle to access the growing global corporate sector that isn't targeted by the Company's current marketing channels. \n \nOccupational health is a very significant near term opportunity. Managing the associated risks of cognitive health is now on the international employer agenda with new initiatives such as The Alzheimer's Society guide for dementia friendly employers. Over 1.3m UK employees now work for employers signed up to the Charter of Employers who are positive about mental health. These trends translate to a UK market, for work related cognitive health assessments, which the Directors estimate to be worth in excess of £26m per annum. \n \nSignificantly, CCHL has already signed its first contract with a UK provider whose clients include some of the world's leading employers.\n \nDr Steven Powell, Cambridge Cognition's Chief Operating Officer, said: \"With an ageing working population, there is an increasing need to manage the associated cognitive health risks. Our technology is being used widely in primary ...