Healthcare Triangle entered into a Platform Development Agreement with SecureKloud Technologies and Blockedge to develop an integrated health advisory platform, with all IP owned by the Company and prior advances of $3.825M offset against a $3.2M budget.
Key takeaways
Entered Platform Development Agreement effective March 31, 2026, with SecureKloud Technologies (lead) and Blockedge (sub-contractor).
SKL to design, develop, test, and deliver integrated health advisory platform and AI document management tools for Company's commercial offerings.
Project term: 12-15 months, completing no later than September 30, 2027.
Company owns all IP rights exclusively; SKL/Blockedge have no ongoing rights, royalties, or approvals for global deployment.
Prior advances: $3.48M to SKL, $0.345M to Blockedge (transferred to SKL); offset against monthly invoices; no further payments until fully settled.
Total budget capped at $3.0M plus $0.2M contingency; overruns beyond $3.2M require Company pre-approval.