Medicalgorithmics to Provide AI Solutions for Cardiac Diagnostics to German Company

Medicalgorithmics, a global medtech company, is proud to announce that it has entered into agreement with a German medical equipment provider livetec Ingenieurbüro GmbH to deliver advanced artificial intelligence (AI) solutions for cardiac diagnostics. The partnership anticipates a seamless integration of Medicalgorithmics’ software with livetec’s ECG monitoring devices. This marks another integration of Medicalgorithmics’ artificial intelligence-based software with the ECG patch recorders of an international partner.

Under the agreement, livetec will integrate Medicalgorithmics’ cutting-edge algorithms and software with its three-channel liveECG holter system, enhancing the efficiency and accuracy of cardiac data analysis. In the first stage, the livetec recorder along with Medicalgorithmics software will be available in the European Union and in the United Kingdom, Canada and India. Both companies envisage that their joint solution will be gradually introduced into new international markets.

“The collaboration with livetec is an important milestone in the Medicalgorithmics’ development and international expansion. What’s more, the integration of livetec devices with our advanced software and algorithms gives us the opportunity to reach out to a wide range of potential new customers in European Union and globally. We are delighted that our AI algorithms and analysis software will once again be harnessed to analyze ECG data generated by a third-party medical equipment provider. This partnership brings us closer towards our key goal of transforming Medicalgorithmics into a global provider of software and analytical solutions in the medical diagnostics market.” – stated Przemysław Tadla, Chief Technology Officer at Medicalgorithmics.

In line with its new growth strategy announced in June, Medicalgorithmics has transitioned from an exclusive, closed ecosystem approach tied to its proprietary monitoring device, PocketECG. The new business model envisions the development and sale of standalone analytical software products integrated with third-party medical equipment.

“The sale of our proprietary AI system allows us to generate a new revenue stream, accelerating the scale-up of our operations. This strategic shift broadens our product offerings, boosting our competitiveness in the global market. Many clients recognize the superior quality of our analytical software, but already use third-party devices. We can extend our offerings to these clients by integrating with third-party equipment.” – underlined Jarosław Jerzakowski, Chief Commercial Officer at Medicalgorithmics.

Cardiac diagnostic solutions developed by Medicalgorithmics enjoy growing interest in foreign markets, as well as in Poland. In July, Medicalgorithmics has entered into an agreement with a Canadian company m-Health Solutions Inc. to supply PocketECG IV system. Furthermore, Medicalgorithmics has signed a letter of intent with Cardiologix to deliver the same system to the American market. In August, Medicalgorithmics won a tender worth PLN 1.8 million gross to provide in total 130 PocketECG IV devices along with software and ECG signal analysis algorithms to Leszek Giec Upper-Silesian Medical Centre of the Medical University of Silesia in Katowice (Poland).

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