other_material
confidence high
sentiment positive
materiality 0.50
Avalon GloboCare and Qi Diagnostics agree to co-develop cannabis breathalyzer for impaired driving detection
Avalon GloboCare Corp.
- Definitive agreement for co-development of VOC nanosensor-based point-of-care cannabis breathalyzer.
- Total milestone payments up to $975,000 across four stages: data collection, prototype design, production, human testing.
- Qi Diagnostics retains IP; Q&A (Avalon sub) earns up to 50% passive financial interest in IP upon all milestones.
- Device aims to support real-time detection of cannabis-impaired driving for law enforcement and workplace safety.
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