Crowd Licences AI Talking Head Platform to PangaMed
Melbourne, April 4, 2022 AEST (ABN Newswire) - Crowd Media Holdings Limited (
ASX:CM8) (CM3:FRA) is pleased to announce that is has executed a Marketing and Development Agreement effective immediately to license its Talking Head platform to South African healthcare company Pangea Med (PangeaMed) (Company number: 2014/172328/07). In the first year of the agreement, the fee will be AUD $32,000 for the base license to the AI 'Talking Head' platform. Additional chatbots and services will attract further fees of a minimum AUD $332,860, depending on scale, and contingent upon PangeaMed funding.
PangeaMed (www.pangeamed.com) is a South African patient-focused medical company specialising in enhanced recovery, health advocacy, patient awareness, data, innovation, and training. PangeaMed currently delivers their programs across 50 African countries.
The Agreement outlines the licensing arrangement to Crowd's Talking Head Platform on a SaaS model. The platform will enable patients in developing countries to access immediate, reliable medical information before and after receiving medical treatment. The term of the contract is for 2 years with no right to terminate without cause.
This Agreement marks an important milestone in Company's strategy to develop 'voice-and-visual' products the next frontier of conversational commerce applications.
Crowd Media's CEO Idan Schmorak said: "This agreement cements our partnership and kicks off the next step in our collaboration. PangeaMed will be integrating our technology with theirs to improve medical services in South Africa, initially. After later we can roll it out more broadly - the opportunity has no boundaries."
About Unith Ltd
Unith Ltd (ASX:UNT) is a leading digital human brand. It unifies the research and development of facial movement deep learning, audio machine learning, and conversational design (NLP) to generate the first customizable, interactive avatar of its kind.
Businesses can create their own digital humans to immerse, assist, and educate customers in real time and in multiple languages, all through one full stack platform. For further information, please visit: unith.ai
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