MONTREAL, QUEBEC--(Marketwired - July 13, 2016) - Relevium Technologies Inc. (TSX VENTURE:RLV) (FRANKFURT:6BX) (the "Company" or "Relevium") is pleased to announce it has executed a cooperation agreement with Radcon Consulting, a leading "Connected" and "Wearable" technology product designer based in Hong Kong and with offices in China.
Pursuant to the terms of the cooperation agreement, Radcon Consulting will provide Technical Evaluation, Design, Engineering, Project Management and Go-to-Market services in addition to providing investment opportunities in leading edge wearable and connected devices and/or technologies in the areas of Health, Wellness and Sports Performance.
Leena Lakdawala, CEO of Relevium stated: "According to the Consumer Electronics Association®, the connected Personal Health and Wellness market is expected to reach 8 billion by 2018 and Relevium is planning to access this market through unique and innovative products and/or technologies at the peak of the innovation cycle". She added further "The partnership with Radcon Consulting ensures continued technology flow that will drive the innovation engine behind our consolidation of e-retail asset strategy"
Conrad Lee, CEO of Radcon Consulting stated: "We are excited and delighted to be a partner of Relevium. This cooperation truly strengthens and expands the reach and services for both companies to many innovative and disruptive technologies and investment opportunities"
About Relevium Technologies Inc.
Relevium is a TSXV listed company focused on growth through the acquisition of businesses, products and/or technologies within the scope of the expanding health and wellness sector, specifically under three important verticals: Pain Relief, Recovery and Performance. Relevium Technologies Inc. currently holds patented intellectual property for application of static magnetic fields on direct-to-consumer devices, which aid in decreasing pain, improving recovery time and enhancing overall physical performance.
About Radcon Consulting.
Radcon Consulting is a privately held company focused on providing a full suite of services equipped to take concepts from basic design to reality, handling all the technical details while its customers focus on innovation. The company provides Project Management, Electronic/mechanical Design, Software & Firmware Design, Engineering & Manufacturing, Intellectual Property Management, and Go-to-Market as well as other comprehensive services.
On Behalf of the Board of Directors
RELEVIUM TECHNOLOGIES INC.
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 STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the business and operations of the Company. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals; and the ability of the Company to execute and achieve its business objectives. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. There can be no assurance that the conditions to the transactions contemplated by the potential letter of intents will be satisfied or that those transactions will be completed. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.