Moseda Technologies Inc.
TSX VENTURE : MSD

Moseda Technologies Inc.

March 15, 2016 08:00 ET

Moseda Announces Receipt of OCE Grant

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 15, 2016) - Moseda Technologies Inc. (TSX VENTURE:MSD) ("Moseda" or the "Company"), a technology company focused on developing progressive mobile health (mHealth) and telemedicine solutions for Community-Based Healthcare, is pleased to announce that its wholly owned subsidiary, CareKit Health Corp., has been awarded a $67,500 grant from Ontario Centres of Excellence's (the "OCE") SmartStart Seed Fund.

CareKit Health, based in Hamilton, ON, was founded in 2015 by Leo Godreault, RN and Giancarlo De Lio, MBA, two experienced healthcare and IT entrepreneurs. The CareKit Health platform allows complex patients to receive high quality care at home, improving health outcomes, enhancing quality of life for patients and families and reducing the cost of care delivery. CareKit provides real-time access to remote patient monitoring data, allowing for timely interventions by the care team to prevent costly hospital readmissions and ER visits. CareKit was acquired by Moseda in February 2016 to expand Moseda's Community Care product portfolio.

"With this investment from OCE, CareKit will be able to support the pilots it has in the pipeline with healthcare organizations in the US, UK and Canada," said Dr. Lisa Crossley, CEO of Moseda. "OCE has been an invaluable partner and mentor to the CareKit team. We're excited to see CareKit Health leverage the SmartStart Seed Fund investment to demonstrate the value of its innovative solution in caring for patients in the home. The pilots will validate the flexibility of the CareKit platform, which can support patients with a wide variety of complex conditions including Congestive Heart Failure, COPD, dementia, diabetes and those in need of post-surgical or palliative care."

"OCE is committed to supporting high-potential start-ups like CareKit Health as they develop and commercialize their innovative products," said Dr. Tom Corr, OCE's President and CEO. "Companies like CareKit Health create jobs and generate revenue that contributes to the Ontario economy. We are pleased to be part of CareKit's continued success."

Moseda is also pleased to announce that it will unveil its updated website this week. A new investor presentation will be available to download from the updated website.

ON BEHALF OF THE BOARD

Dr. Lisa Crossley, CEO and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements Regarding Forward Looking Information

Certain statements in this press release constitute forward-looking statements, within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are "forward-looking statements".

We caution you that such "forward-looking statements" involve known and unknown risks and uncertainties that could cause actual and future events to differ materially from those anticipated in such statements.

Forward-looking statements include, but are not limited to, statements with respect to commercial operations, including technology development, anticipated revenues, projected size of market, and other information that is based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.

Moseda Technologies Inc. (the "Company") does not intend, and does not assume any obligation, to update these forward-looking statements except as required by law. These forward-looking statements involve risks and uncertainties relating to, among other things, technology development and marketing activities, the Company's historical experience with technology development, uninsured risks. Actual results may differ materially from those expressed or implied by such forward-looking statements.

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