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News, Wedge Networks

Wedge Networks Inc. Selected for Government of Canada Innovations Direct Buy Program

Wedge Networks Inc. (Wedge) announced today that the Wedge Absolute Real-time Threat Protection Platform has been added to the Government of Canada’s Pathway to Commercialization innovations source list, for direct buy purchase by departments and agencies. Each purchase can be for as much as $8M with no limit on the number of purchases by departments. The source listing will be active for a period of 3 years.


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Biotricity, الرعاية الصحية

Biotricity partners with a second top group purchasing organization – positions company for expanded market access to 1 out of every 2 hospitals in America

Biotricity Inc. (“Biotricity”) today announced its partnership with another of the nation’s top Group Purchasing Organizations (GPOs). This strategic move solidifies Biotricity’s presence in the healthcare landscape and broadly expands market access for the Company in 2024. Biotricity now has access to over half the hospitals in the US, with a network of over 3,000 hospitals, through these two major GPOs which are responsible for over US $160 billion in purchasing power.


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Biotricity, الرعاية الصحية

Biotricity receives Health Canada clearance for Biotres

Biotricity Inc. (“Biotricityy”) announced its Health Canada approval for expansion into the US$1.56 billion Canadian Cardiology Devices market. Cardiovascular disease imposes a staggering US$21.2 billion annual cost in Canada alone, accounting for 11.6% of the entire Canadian health care cost.  Health Canada’s approval of Biotres, Biotricity’s flagship product, is a critical step in the Company’s quest to address the needs of more than 2.4 million Canadians living with heart disease and related conditions. This milestone achievement underscores Biotricity’s dedication to reshaping healthcare through innovation.


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Biotricity, Financial Results

Biotricity strengthens its foundation for growth, achieves lower cost of sales, expanding margins of 73% and increased device sales, for third quarter of Fiscal Year 2024

Biotricity Inc. (“Biotricity) today announced its financial results for the third quarter of fiscal 2024 year and (unaudited) ended December 31, 2023.  Dr. Waqaas Al-Siddiq, Biotricity Founder & CEO, said, “This quarter was marked by record margins, lowered costs and increasing revenues, supporting our path towards positive cashflow. The major theme for us was on long-term building- which meant reshaping our sales force to focus on efficiencies, longer sales cycles, larger accounts and independent hospitals and Group Purchasing Organizations- the necessary steps towards establishing recurring technology subscriptions and long-term growth.


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Biotricity, News

Biotricity expands development of its Cardiac AI Cloud Platform with Data Ecosystem of over 360 billion Heartbeats

Biotricity Inc. (Biotricity) today announced the expanding development of its future Cardiac AI Cloud platform. The new platform is focused on predictive monitoring to help assist physicians and users to identify issues before they occur, supporting earlier interventions, reducing readmissions, and lowering healthcare costs. Biotricity’s product portfolio is already one of the most comprehensive remote cardiac monitoring portfolios globally. This expansion will further enhance its existing products while providing additional advantages.


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Biotricity, Financial Results

Biotricity delivers record margins and double digit year-over-year sales growth for second quarter of fiscal year 2024

Biotricity Inc. (Biotricity) today announced its financial results for the second quarter of fiscal 2024 year and (unaudited) ended September 30, 2023.  Dr. Waqaas Al-Siddiq, Biotricity Founder & CEO, said, “In the second quarter of fiscal 2024, we continued our mission to innovate and create transformative healthcare products, all while maintaining a strong commitment to financial discipline. Our primary focus remains on driving revenue and margins and as such, we are pleased to see continued progress in achieving improvement in these metrics”.


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