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The Singular Health (ASX:SHG) share price launched 27% higher today
Mitchell Lawler | February 24, 2021 6:28pm |
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Singular Health Group Ltd(ASX: SHG) share price took flight today, increasing by 27.2% to 51.5 cents a share. However, the recently listed medical imaging technology company had no news out today.
Singular Health has gained a spot on plenty of watchlists over the last couple of weeks. It might be worth recapping what all the fuss is about.
What does Singular Health offer?
The proprietary technology developed by Singular Health enables the viewing of a 3D image, which is compiled of 2D medical images. More specifically, this technology is the company’s volumetric rendering platform.
Jane Morgan Management
Singular Health Group Ltd (ASX: SHG, “Singular Health”, or the “Company”), is pleased to advise that it has received a $170,000 purchase order and payment schedule from FlowCentric Technologies Pty Ltd (“FlowCentric Technologies”) to conduct a pilot program using Singular Health’s GeoVR software.
Highlights
Singular Health to receive payment of $170,000 to undertake pilot project to commercialise GeoVR software.
Initial proof of concept demonstrated ability to use Volumetric Rendering Platform (“VRP”) to process geological data and overlay drilling data.
Pilot program to investigate creation of digital twin above ground assets, sub- surface resource definition and near-real time transfer of resource planning data.