Visual Healthcare Corp. (the "Company") (NASDAQ OTC: VSHC) announces that its new Lab Automation module is quickly gaining traction with private sector industrial clients. The Company has entered into a preliminary agreement to implement a fully automated quality monitoring suite in the laboratory of a leading bottled water brand in the New York Tri State area. The initial deal is expected to be worth some $1.8 – $2.2 million in the next two years.
The Visual Healthcare Laboratory Automation Platform, originally designed for lab operations and results reporting within a healthcare setting, has been re-engineered as a powerful cross-disciplinary lab automation and quality control system that provides true Quality Assurance.
This reliable advanced laboratory solution could prove critical to those companies whose businesses are now required to move up quality control functions to a much higher level of genuine measurable quality assurance. There is a growing need to run products through more stringent quality control processes, in this case ensuring that millions of bottles of an added value natural water product meet the standards of quality expected by paying consumers.
"The quality of drinking water in the U.S. has come under scrutiny in recent years and we can help the better producers demonstrate the superior quality of their product scientifically," says Chairman Gerard Dab. "We look at the water industry as a key sector in our diversification strategy. This line should enable the company to generate healthy cash flow considering our sunken cost base," concludes Mr. Dab.
This unexpectedly rapid breakthrough into consumer product quality assurance is seen as a validation of a yearlong move to redeploy our technology assets into new industries both in the core U.S. and overseas markets.