Sonasoft Announces LOI for Multi-Year Healthcare Technology Partnership
Sonasoft Corp. (OTCQB: SSFT) announced a Letter of Intent (LOI) for a strategic partnership with Information Visibility Technology (IVT), focusing on healthcare information technologies.
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Rhea-AI Summary
Sonasoft Corp. (OTCQB: SSFT) announced a Letter of Intent (LOI) for a strategic partnership with Information Visibility Technology (IVT), focusing on healthcare information technologies. This collaboration aims to utilize Sonasoft's AI engine, SAIBRE, to develop two AI bots: an inventory management bot for better supply and demand forecasting and a dynamic pricing bot to modernize pricing approaches in healthcare. Founded in Silicon Valley in 2003, Sonasoft continues to innovate in AI-driven solutions.
Positive
- Strategic partnership with Information Visibility Technology to enhance healthcare solutions.
- Deployment of two AI bots aimed at improving inventory management and pricing strategies.
- Utilization of Sonasoft's advanced AI engine, SAIBRE, for innovative applications.
Negative
- None.
Details
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SAN JOSE, CA, June 01, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Sonasoft Corp. (OTCQB: SSFT) has executed an LOI for a pending strategic partnership with Information Visibility Technology (IVT), a pioneer in healthcare information technologies. IVT is seeking to leverage Sonasoft’s AI engine, SAIBRE, to uncover key business insights and intelligence. IVT and Sonasoft will collaborate on deploying two AI bots to reduce the inflexibility often found in healthcare solutions. These include an inventory management bot for supply and demand forecasting and a dynamic pricing bot to move away from contract pricing, which dominates today's healthcare industry.
Notes
- Sonasoft was founded in Silicon Valley in 2003. For more information about the company, please visit: https://www.sonasoft.com
- Sonasoft SAIBRE is an end-to-end AI platform that can generate, monitor, and maintain autonomous AI bots.
- For investor-specific information, please visit: https://www.sonasoft.com/investors/
Investor Contact:
Mike Khanna, CEO Sonasoft Corporation. Phone: (408) 708-4000
Forward-looking Statements
This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company’s financing plans; (ii) trends affecting the Company’s financial condition or results of operations; (iii) the Company’s growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words “may,” “would,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “intend,” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
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