Business
TPT Global Tech and its Subsidiary InnovaQor Sign Licensing Agreement for a Telemedicine and Laboratory Information System Platform
TPT Global Tech and its Subsidiary InnovaQor Sign Licensing Agreement for a Telemedicine and Laboratory Information System Platform.
About this update from Tpt Global Tech, Inc.
[{"type":"text","content":"SAN DIEGO, CA / ACCESSWIRE / July 13, 2020 / TPT Global Tech, Inc. ("TPTW, the Company or TPT Global Tech") (OTCBB:TPTW) announced today it has signed a Software Licensing Agreement with its newly formed subsidiary InnovaQor, Inc ("InnovaQor"). The agreement allows InnovaQor to unitize features from TPTW's TV and Social Media platform "Viewme Live". InnovaQor will incorporate streaming features with a L.I.S (Laboratory Information System) platform. The Software Licensing Agreement is estimated to cost approximately $3.5M, which funds are anticipated to come from future capital raising activities.The Software Licensing Agreement with InnovaQor is another step to the relationship created recently with Rennova Health, Inc. in which both TPTW and Rennova Health, Inc. are working together to create a telemedicine joint venture announced June 11, 2020, which joint venture is intended to be part of a public company as a vehicle for raising capital"We are very pleased to put this Software Licensing Agreement in place. Completing this process puts us one step closer to creating the opportunity for TPTW to utilize its technology platforms to help through telemedicine and to help fight against Covid 19 here domestically and internationally" said Stephen J Thomas III CEO.About TPT Global TechTPT Global Tech Inc. (TPTW) based in San Diego, California, is a technology-based company with divisions providing telecommunications, medical technology and product distribution, media content for domestic and international syndication as well as technology solutions. TPT Global Tech offers Software as a Service (SaaS), Technology Platform as a Service (PAAS), Cloud-based Unified Communication as a Service (UCaaS). It offers carrier-grade performance and support for businesses over its private IP MPLS fiber and wireless network in the United States. TPT's cloud-based UCaaS services allow businesses of any size to enjoy all the latest voice, data, media and collaboration features in today's global technology markets. TPT Global Tech also operates as a Master Distributor for Nationwide Mobile Virtual Network Operators (MVNO) and Independent Sales Organization (ISO) as a Master Distributor for Pre-Paid Cellphone services, Mobile phones Cellphone Accessories and Global Roaming Cellphones.Forward-Looking S...