SCWorx Subsidiary Direct Worx Sources One Million Surgical Masks for Existing Large Hospital Customer to Help Maintain Safety...
March 27 2020 - 8:30AM
With the COVID-19 pandemic escalating in the U.S., SCWorx Corp.
(Nasdaq: WORX) announced today an agreement between its subsidiary
Direct Worx and an existing large hospital customer to supply one
million surgical masks, which were fulfilled and shipped yesterday.
The initial agreement was for $390,000, with additional potential
agreements to help hospitals source urgently needed Personal
Protective Equipment (PPE) are anticipated.
“Hospitals are quickly running out of surgical masks and other
PPE as the number of COVID-19-infected patients accelerates beyond
hospitals’ ability to procure needed PPE to protect patients,
doctors, nurses and other hospital personnel treating infected
patients,” said Marc Schessel, CEO of SCWorx. “Our subsidiary,
Direct Worx utilizes our extensive hospital networked access to
supply chain resources to enable us to help hospitals successfully
source the PPE they urgently need, positioning us for accelerated
growth as a leader in this space. We are working diligently with
our hospital customers to rapidly secure necessary PPE, especially
during this demanding time, and we expect to announce similar
agreements as the pandemic spreads.”
About SCWorx Corp.
SCWorx has created The Ultraverse Platform™, an advanced
attributed virtualized item data warehouse (“VDW”) utilizing
machine learning and artificial intelligence in order to offer a
suite of software-as-a-service based solutions for healthcare
providers. The value proposition for customers revolves around all
solution modules being fully integrated with the VDW platform. The
solution modules include Virtual Item Master, contract management
and request for pricing (RFP) module, automated rebate management
module, data interoperability (EMR, MMIS, finance) module,
Automated Item Add Portal, Virtual General Ledger, and the data
analytics module. SCWorx’s Ultraverse Platform™ creates a single
source for information for healthcare providers’ data governance
and data analytics for executives.
Forward-Looking Statements
This press release contains “forward-looking statements” that
involve substantial risks and uncertainties for purposes of the
safe harbor provided by the Private Securities Litigation Reform
Act of 1995. All statements, other than statements of historical
facts, included in this press release regarding strategy, future
operations, future financial position, prospects, plans and
objectives of management are forward-looking statements. You can
identify many (but not all) such forward-looking statements by
looking for words such as “assumes,” “approximates,” “believes,”
“expects,” “anticipates,” “estimates,” “projects,” “seeks,”
“intends,” “plans,” “could,” “would,” “may” or other similar
expressions. You should not place undue reliance on these
forward-looking statements. Such statements are based on
management’s current expectations and involve risks and
uncertainties. Actual results and performance could differ
materially from those projected in the forward-looking statements
as a result of many factors, including, without limitation,
securing future contracts and containing costs, the ability to
project future cash utilization and reserves needed for contingent
future liabilities and business operations, the availability of
sufficient resources of the company to meet its business objectives
and operational requirements and other important factors that are
detailed in filings with the Securities and Exchange Commission
made from time to time by SCWorx, including its Annual Report on
Form 10-K for the year ended December 31, 2018, Quarterly Reports
on Form 10-Q, and Current Reports on Form 8-K. Matters described in
forward-looking statements may also be affected by other known and
unknown risks, trends, uncertainties and factors, many of which are
beyond the company’s ability to control or predict. SCWorx
undertakes no obligation to release publicly any revisions to any
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated
events.
Contacts: Marc Schessel
mschessel@scworx.comInvestor Contact: Scott Gordon President CORE
IR 516 222 2560 scottg@coreir.com
Media Contact: Jules Abraham Director of Public RelationsCORE IR
917-885-7378 julesa@coreir.com
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