InteliCare Holdings (ASX: ICR) has entered into a binding Reseller Agreement with JNC Technologies Group Holdings Pty Limited.
InteliCare is an Australian software company commercialising its proprietary AI driven InteliCare platform in the aged, disability and health care sectors.
JNC is a software business specialising in data aggregation and building software and algorithms to address specific industry challenges in the aged care and NDIS sectors. JNC has a number of market leading software solutions in the aged care sector specifically focused on governance, risk and compliance, aged care quality standards, and aged care consumer care environments.
Daniel Pilbrow, InteliCare’s CEO, says this is a significant moment in ICR’s commercialisation strategy, as this Agreement is the first commercial agreement that ICR has signed of such magnitude, being the largest deployment of the InteliCare platform in the company’s history. It also represents a noteworthy achievement in ICR’s movement towards a Reseller / Channel Partner focus as a substantial revenue generation opportunity.
The Agreement provides the commercial terms on which JNC will offer the Habitat+ platform as ‘Habitat+ powered by InteliCare’ to its clients. The Agreement is for an initial term of three years, with 12-month extensions for the deployment of InteliCare.
The Agreement will generate revenue for the Company through Hardware and Application Software Fees, Installation Fees and Services Fees, as well as the prospect for additional Professional Services Fees if requested by JNC. Under this Agreement a revenue share model has been established between ICR and JNC, whereby ICR will retain 66.67% of the margin generated from the hardware reselling fees and application software reselling fees and JNC will receive 33.33% of the margin generated.
ICR & JNC have now completed execution of the first commercial agreement to deploy ‘Habitat+ powered by InteliCare’ at Hardi Aged Care, with locations across Greater Sydney.
Hardi has agreed to implement ‘Habitat+ powered by InteliCare’ into each of its six residential aged care facilities as part of its commitment to continually improve the care provided to its residents under its services. This deployment will begin in early 2024 and be a phased rollout over an anticipated six month period.
I am delighted to have entered into this agreement for the Company’s first client with JNC and look forward to deploying Habitat+ powered by InteliCare in Hardi’s aged care facilities. I believe this is the start of a long and fruitful partnership between InteliCare and JNC,” Pilbrow said.
“JNC is an ideal corporate partner for InteliCare as we seek to execute our commercialisation strategy. One element of the strategy is to seek strong commercial partners. JNC has a very strong network in the aged care industry with customers seeking monitoring and predicative analytics solutions to deliver proactive care within their communities. We are excited by the pipeline of commercial deployment opportunities within the JNC group and we look forward to reaching agreements with other clients in JNC’s network.”
