other material
confidence high
sentiment neutral
materiality 0.60
Healthcare Triangle enters platform development deal with SecureKloud; budget $3.2M
Healthcare Triangle, Inc.
- Agreement with SKL and Blockedge to develop integrated health advisory & care platform and AI document management tools.
- All IP rights in deliverables assigned exclusively to HCTI for global deployment; no ongoing royalties to SKL/Blockedge.
- Project budget capped at $3.0M plus $0.2M contingency; cost overruns beyond $3.2M require HCTI pre-approval.
- HCTI has advanced $3.48M to SKL and $0.345M to Blockedge; future monthly invoices offset against these advances.
- Project term started March 31, 2026; expected completion within 12–15 months, no later than September 30, 2027.