Dublin, Ireland/ACCESSWIRE/January 11, 2023/Helo Corp. (OTC Pink: HLOC) (“Helo” or “Company”), a leading developer of wearable devices at the forefront of data-driven wellness, today Vyvo Smart Chain Ltd. and VSC Tech Pte. Ltd. (“VSC Tech”). Through this deal, Helo will obtain software licenses and private keys to digitally sign, de-identify, and store user wearable data on the Foundation’s decentralized servers for opt-in monetization. .
“The Foundation is developing a breakthrough blockchain-based decentralized health data platform designed to help users manage and monetize their personal health data,” said Sean McVay, Chief Executive Officer. says. “We believe our relationship with the Foundation offers a unique sales proposition for Helo in today’s highly competitive wearable device industry, enabling Helo users to financially benefit from the monetization of wearable data.” This relationship represents an important step forward in implementing the strategic restructuring initiative announced in September 2022.”
Under the terms of the agreement entered into on January 5, 2023, Helo agreed to pay VSC Tech a negotiated fee for software licensing and private key provisioning for Helo devices. Additionally, the Foundation has agreed to recognize and promote his Helo on the Foundation’s website. vyvo.orgAs a Premier Foundation Sponsor, grants Helo the right to store historical and ongoing wellness data of Helo customers for 24 months and to receive an allocation of VSC Coins upon initial issuance by the Foundation. Helo will pay a portion of his initial $5 million purchase upon signing the contract, with the remainder paid when his VSC Tech and Foundation achieve certain technical milestones.
Helo’s largest shareholder, Fabio Galdi, serves as Helo’s Chairman of the Board and Chief Technology Officer. He is the founder, member and CEO of the Foundation and his younger brother Gabriele Gardi is the director of his VSC Tech. The Foundation will cover Mr. Gardi’s Foundation-related expenses and is entitled to receive VSC Coins in the future in an amount determined by the Foundation, but will not receive any salary from the Foundation or VSC Tech.
About Hero Co., Ltd.
Hero Co., Ltd. (OTC pink: HLOC) is a data-driven wellness technology company at the forefront of data-driven wellness. Helo wearables and other devices are built on Helo’s life sensing technology.TMsCollect and process specific biometric parameters using state-of-the-art sensors, enhanced signal processing and algorithms.
For more information on Helo, see: http://www.helocorp.com.
Our disclosure statement and unaudited financial statements are available at: https://www.otcmarkets.com/stock/HLOC/disclosure.
About the Foundation and VSC Tech
The Foundation is creating the “first Heartbeat Powered Blockchain” by building a HealthFi ecosystem that promotes and rewards positive lifestyle habits through monetization of health data. The Foundation is a Singapore public company and company limited by guarantee. VSC Tech is a Singapore Limited Liability Company and a wholly owned subsidiary of the Foundation.
For more information on Foundation and VSC Tech, see: vyvo.org.
Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are defined in the Private Securities Litigation Reform. I’m here. Act of 1995. These forward-looking statements are expressed in terms such as may, “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” and “estimates.” can be identified. potential and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. . These forward-looking statements are based on management’s current expectations, assumptions, estimates and projections regarding the Company and the industries in which we operate, but involve a number of unknown risks and uncertainties. I’m here. Further information regarding these and other risks is contained in the Company’s filings with the OTC Markets and the Securities and Exchange Commission. We undertake no obligation to update forward-looking statements to reflect subsequent events or circumstances or changes in expectations, except as required by law. Although we believe the expectations expressed in these forward-looking statements are reasonable, we cannot assure you that such expectations will prove correct and actual results may not be expected. results may differ significantly. We advise you to carefully consider these factors when evaluating the forward-looking statements contained herein. You are also cautioned not to place undue reliance on forward-looking statements that are fully qualified by these cautionary statements.
Investor Contact:
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View source version on accesswire.com:
https://www.accesswire.com/734984/Helo-Corp-Enters-Blockchain-Technology-Agreement-to-Enable-its-Wearable-Device-Users-to-Control-and-Monetize-Their-Data
