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MMRGlobal and VisiInc Sign Agreement to License MMR Australian Patent Portfolio on the Road to HIMSS

20-Feb-2012 | Source : | Visits : 8738
LOS ANGELES, CA - MMRGlobal Inc. (MMR) announced in a press release that the Company and VisiInc PLC in Australia signed an agreement to license MMR's Australian patents for "Method and System for Providing Online Medical Records" for use in MMR and Visi(TM) consumer and professional health IT products and services, including the MyMedicalRecords Personal Health Record. 

The Agreement calls for minimum performance royalty guarantees of nearly one million dollars. The Agreement also calls for VisiInc to start selling the services in Australia starting June 1, 2012. In addition, the Agreement contains an understanding allowing the companies to utilize each other's consumer and professional products and services. VisiInc is also seeking rights to sell MMR products in additional territories such as in Eastern Europe where VisiInc already does business. 

Jacques Blandin, Founder and CEO of VisiInc, has been in Los Angeles for meetings with MMRGlobal this week prior to traveling to Las Vegas to participate with MMR at the HIMSS Conference and Exhibition, February 20-24, and will also appear at MMRGlobal's booth #2062. Although no other agreements have been announced, Yefim Schukin, a principal of VisiInc Russia, is also traveling to the United States to attend meetings with MMR where the companies will discuss the launch of its products and services in Russia. Yefim Schukin will also attend HIMSS with Jacques Blandin. 

VisiInc will use its Vistime system for distributing MMR's Personal Health Records and professional document management systems. The high speed service offers near real-time high resolution document imaging, scanning, storage and sharing health record system for paper and large-sized radiological scans and files. The system will also allow real-time collaboration of medical records and images regardless of a participant's location and connectivity (including dial-up) anywhere in the world. 

Personal Health Records are a priority for the Australian government and a significant part of Australia's eHealth technology market, which will serve a population of 22 million and is currently projected to be USD $2.6 billion in 2012. MMR's Australian patent portfolio can give VisiInc a significant competitive advantage in the market by controlling intellectual property rights that are primary to providing PHRs in line with government initiatives. The Medical Software Industry Association in Australia detailed an alternative rollout schedule to the government's Personally Controlled Electronic Health Record (PCEHR) that calls for PDFs currently used by clinicians and shared by email or fax to be a solution in electronic online form until at least July 2013 because standardization is not going to occur before at least then. MMR's proprietary health IT solutions align with this strategy. 

While in Los Angeles, Blandin also appeared with MMR Executive Vice President Richard M. Lagani on MoneyTV during which he spoke with host Don Baillargeon about the extensive opportunities in Australia for the MyMedicalRecords Personal Health Record and MMRPro for healthcare professionals for the eHealth technology market there (video available at MoneyTV debuted in 1996 and is broadcast internationally in more than 180 million TV households in over 75 countries. 

MMRGlobal Inc., through its wholly-owned operating subsidiary, MyMedicalRecords, Inc. ("MMR"), provides secure and easy-to-use online Personal Health Records ("PHRs") and electronic safe deposit box storage solutions, serving consumers, healthcare professionals, employers, insurance companies, financial institutions, and professional organizations and affinity groups.

and data and samples from its FavId(R)/Specifid(TM) vaccine clinical trials for the treatment of B-Cell Non-Hodgkin's lymphoma. To learn more about MMRGlobal, Inc. and its products, visit 

Through its evolutionary Visi(TM) platform, VisiInc operates Vistime. Vistime is rapidly capturing global market share of major verticals such as Healthcare, Government, Engineering and Architecture, Mining, Oil & Gas, Exploration, Energy, Education, Advertising & Media and online Video Conferencing.

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