Healthcare Tech Ltd (MM) (HCTL) News

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Healthcare Technologies Announces a Transaction With Perkinelmer & The State of Israel's Sheba Medical Center
Wednesday June 28, 9:00 am ET


PETACH TIKVA, Israel, June 28 /PRNewswire-FirstCall/ -- Healthcare Technologies, Ltd. (NASDAQ: HCTL - News) announced today that the State of Israel's Chaim Sheba Medical Center has selected PerkinElmer, Inc.'s (NYSE: PKI - News) neonatal screening technology to create a comprehensive newborn screening program that is intended to cover every child born in Israel. PerkinElmer's clinical diagnostics division is represented throughout Israel by Healthcare (via its wholly owned subsidiary, Gamidor) together with PerkinElmer's regional distributor HVD Vertriebs Gmbh ("HVD").

Under the terms of this transaction, PerkinElmer, via Healthcare and HVD, will provide the State of Israel with instrumentation, reagents, scientific expertise, and an informatics system that will enhance Israel's neonatal screening and data management capabilities. The system will allow the Sheba Medical Center to implement a comprehensive solution that will electronically track laboratory workflow from sample receipt and preparation, through the analytical steps, to quality control review, reporting and follow-up.

The contract will fulfill a recent mandate by the Medical Research Infrastructure Development and Health Services Fund to substantially expand its newborn screening program to cover Israel's entire population and increase the number of tests that will be screened for indications of disease. Approximately 120,000 babies are born each year in Israel, which has a population of about 7 million.

About Healthcare Technologies

Healthcare Technologies through it subsidiaries and affiliate, Gamidor Diagnostics (1984) Ltd., Danyel Biotech Ltd. and Savyon Diagnostics Ltd., specializes in development, manufacturing and marketing of clinical diagnostic test kits and provides services and tools to diagnostic and biotech research professionals in laboratory and point of care sites worldwide.

SAFE HARBOR: This press release contains certain forward looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward looking statement made by or on behalf of Healthcare Technologies Ltd. Many factors could cause the actual results, performance or achievements of Healthcare or the above described transaction to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking.

I dont understand why this one trades at such a low level. Have you found anthing to explain it?

yes a lousy market. Turned $50,000 into $2 MM on paper last fall wish I had sold and retired.

Are you still around?

Best fundamentals of any $.58 stock I can find, 2 MM float, 3 forward PE

Will explode tomorrow awesome earnings