Shares of Xcelerate Inc. (OTCMKTS:XCRT) continued to trend higher on Monday and now up 25% in a week
Trading Data
On Monday, XCRT stock moved up 4.65% to $0.0900 with more than 609k shares, compared to its average volume of 248k shares. The stock has moved within a range of $0.0760 – 0.0900 after opening trade at $0.0875.
Xcelerate Acquires 51% Interest in AfiyaSasa Africa
A Membership Interest Purchase Agreement has been signed by Xcelerate, Inc. (OTCMKTS:XCRT), for acquiring a 51% interest in AfiyaSasa Africa, LLC, recently founded by Dr. Dilan Ellegala and Doyle Word. The latter is a startup medical technology and virtual health company.
The move to acquire controlling interest is because Xcelerate believes AfiyaSasa Africa is aptly positioned to help patients in developing countries meet their medical needs by boosting reach of physicians through the technology supported by software that utilizes and integrates artificial intelligence (AI) and Augmented Reality (AR) developed by AdviNOW. Those in remote areas with sparse medical infrastructure and/or limited medical professionals can be immensely benefitted by this application.
The system can be accessed on cell phones, tablets, or computers, which allow licensed physicians and other medical personnel to conduct initial check-in, triage, and determine the most appropriate care path, remotely. Incorporated with facial recognition and storage capability, it can identify returning patients too.
A set of Q&A dynamically integrated with the systems proprietary AI component, takes measurements using medical devices (stethoscope, thermometer, pulse oximeter) connected to phones, computers, etc. Combined with the AR, the AI assists with Q&A to come up with diagnostic possibilities, testing and treatment options and next steps for the patient.
Technical Data
XCRT stock is above the 20-Day and 50-Day Moving averages of $0.0730 and $0.0632 respectively. However, the stock is trading below the 200-Day moving average of $0.0920.
