Skip to main content

Healthcare Integrated Technologies, Inc. Secures $336,000 Grant to Implement AI Infection Control in 24 Facilities Across Tennessee

Written by Customer Service on . Posted in Public Companies.

Knoxville, Tennessee, Oct. 17, 2023 (GLOBE NEWSWIRE) — Healthcare Integrated Technologies, Inc. (HiTC), proudly announces the approval for a $336,000 grant from the state of Tennessee. The grant is targeted at bolstering infection control practices for 24 senior living facilities, encompassing a mix of Skilled Nursing Facilities (SNFs) and Assisted Living Facilities (ALFs).

Leveraging its position in AI-powered health solutions for senior living, HiTC will employ this grant to further its mission in ensuring safer and more efficient living environments using their proprietary AI technology. This development builds on HiTC’s recent strategic alliance with Signature Healthcare, underscoring the company’s ongoing commitment to innovative healthcare solutions for senior residents. The grant involves 21 Signature Healthcare facilities and two partnering companies.

Scott Boruff, CEO of HiTC, commented, “We are thrilled to receive this substantial grant, which will enable us to further our mission of making facilities safer for patients and healthcare workers through the application of innovative AI solutions. We are poised to deliver transformative outcomes across these Tennessee facilities and drive meaningful, impactful change in the ALF/SNF spaces, including those operated by our valued partner, Signature Healthcare.”

The installation of HiTC’s AI-based track and trace systems will significantly enhance the quality of care provided in these healthcare facilities. Signature Healthcare, a technology-forward company, has expressed its enthusiasm for this collaboration. Darian Goodman, Senior Vice President of Operations at Signature Healthcare stated, “We are pleased to partner with HiTC in this endeavor to raise the bar in tracking and tracing in infection control. This initiative aligns with our commitment to delivering the highest standards of care to our patients and residents.”

About Healthcare Integrated Technology Inc.

Healthcare Integrated Technologies, Inc. (OTCMKTS: HITC) is focused on developing effective, non-intrusive, resident monitoring technologies for senior living communities. We specialize in the development of software using AI and IoT to enable healthcare technologies, including our SafeFace™, SafeGuard™ and SafeSpace™ technology platforms, for senior living facilities. HiTC is headquartered in Knoxville, Tennessee. More information on HiTC can be found at www.getHITC.com.

Statements Regarding Forward-Looking Information

Certain statements contained herein are forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans, or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties. Forward-looking statements are not a guarantee of future activities and are subject to many risks and uncertainties. Due to such risks and uncertainties, actual events may differ materially from those reflected or contemplated in such forward-looking statements. Forward-looking statements can be identified by the use of the future tense or other forward-looking words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “should,” “may,” “will,” “continue,” “strategy,” “position,” “opportunity,” statements regarding the “flexibility” of the Company or the negative of any of those terms or other variations of them or by comparable terminology. A discussion of these risk factors is included in the Company’s periodic reports filed with the U.S. Securities and Exchange Commission.

Contact:

Mr. Scott M. Boruff, CEO
(865) 237-4448

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.