Health Gauge will collaborate with World Weight Loss to Develop an AI-powered Weight Loss Avatar and Application.
Health Gauge Inc. (the “Company”) is pleased to announce that it will address a strategic agreement (“Agreement”) completed between parent company AI/ML Innovations Inc. (“AIML”) (CSE - AIML; OTCQB - AIMLF; FWB - 42FB) and World Weight Loss, Inc. (“WWL”). In accordance with the terms of the Agreement, Health Gauge Inc, is developing certain AI-powered powered products and services exclusively for WWL, so that WWL may more effectively and efficiently interact with its weight management clientele, guiding them to a healthier lifestyle while maintaining sensible weight loss.
The Agreement includes both business terms and strategic development terms and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including approval from the Canadian Securities Exchange.
Key development elements of the Agreement include:
WWL is collaborating with Health Gauge Inc, for the design and implementation of an AI-driven “World Weight Coach App” with the goal of creating a unique virtual follow-up & membership program using avatars, for the purpose of losing weight and practicing a healthier lifestyle.
Subject to completion of the other terms of the Agreement, WWL will pay to Health Gauge Inc 1,200,000 common shares of WWL in exchange for a paid-up exclusive license for all software and/or hardware developed for World Weight Coach App including the exclusive right for its non-invasive continuous glucose monitoring, as specifically applied in the weight loss market.
WWL will acquire up to 3,000 Phoenix smart watches from Health Gauge Inc.
WWL will pay contributions to Health Gauge Inc. for the development of the World Weight Coach, a ChatGPT AI solution, for distribution to the WWL market.
Subject to completion of the other terms of this Agreement, WWL will receive one seat on the five person Boards of Health Gauge Inc. and AIML
Dan Spicer, CEO of World Weight Loss stated, “World Weight Loss & Longevity is very excited about its partnership with AIML and Health Gauge’s artificial intelligence team. Health Gauge’s expertise is allowing us to develop a super-intelligent avatar, which we have named “CallJesse.AI”. Jesse will be able to guide, nurture, and metaphorically hold the hands of all our members as they attain a healthy weight, and maintain it for a lifetime. Because of Jesse’s scalability, we will be able to service thousands, hundreds of thousands, or even millions of members with minimal incremental costs, while providing each user with a personalized, friendly, and informative experience. Jesse can interact with individuals with as much personality as a live coach, but Jesse has far superior ability to provide needed health-related information. This is a game-changer in global health, with Health Gauge’s technology allowing us to put our AI strategy on a fast track.”
Randy Duguay, CEO of Health Gauge & AIML, added, “I’m excited by this important strategic partnership with World Weight Loss, that includes new investment aligned with our strategic objectives in delivering world-leading digital health solutions. Health Gauge will provide its cutting-edge applications and SaaS platform while collaborating with WWL in the creation of an innovative ChatGPT-based solution. This development adds substantial value to Health Gauge and WWL, reflecting our long-term dedication in providing next level digital health solutions to our clients.”
About World Weight Loss, Inc.
World Weight Loss Clinics offer an in-person, one-on-one menu of professional services designed to help individuals achieve their health and fitness goals. Our team of certified Canadian physicians will diagnose and prescribe FDA approved medications to qualified members. Additionally, WWL provides consultation with certified nutritionists, personal trainers, mental health specialists, and weight loss consultants. WWL offers its members personalized menu plans and fitness programs to help its members achieve a healthy weight goal. With 3D body scanning technology, we measure results and applaud success. To make weight loss as effective and simple as possible, WWL has designed a sophisticated App to track nutrition & fitness metrics. Our premium package includes weekly one-on-one meetings with our team of experts. With the birth of chatGPT and the Health Canada approval of GLP-1 medications, we designed the world's first AI-driven Weight loss Avatar and are preparing to rollout our Virtual chatGPT-driven World Weight Coach™ which we named CallJesse.ai™ after one of our founders named Jesse. We are committed to providing our members with the highest level of professional care and support as they work to reach their weight loss goals.
About Health Gauge
Health Gauge’s patented solution is a personal health monitoring and management system, which combines the latest wearable health monitors with sophisticated artificial intelligence software tools and proprietary cloud computing software, to help caregivers, patients, and healthcare professionals access and utilize relevant data, resulting in better recovery outcomes and healthy living objectives through the ability to make immediate and better health choices.
The Health Gauge platform provides the right balance of team and technology with the Health Gauge Phoenix wearable, the mobile Health Gauge App, and our VirtualCare solution that includes secured messaging, health information management and sharing, and virtual client engagement. It blends artificial intelligence with the latest sensors in non-invasive bio signal collection, including activity, sleep monitoring, HR, HR variability, and other rich personal health data through ECG and digital pulse analytics.
* The forward-looking statements in this press release are made as of the date of this press release, and the Company undertakes no obligations to update publicly or to revise any of the included forward-looking statements, whether because of new information, future events or otherwise, except as expressly required by applicable securities law.