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MyFiziq Ltd

MyFiziq and WellteQ to offer fitness tracking technology for global logistics firm Toll

MyFiziq technology can be embedded in a partner’s app and uses pictures from a smartphone to create a representation of a human body in the form of a 3D avatar.

a woman exercising
Allows fitness enthusiasts to measure and track their fitness without scales

MyFiziq Ltd’s (ASX:MYQ) technology partner WellteQ has signed a contract with Australia’s largest transport and logistics provider, Toll.

WellteQ and MyFiziq had previously signed a deal to integrate MyFiziq into WellteQ’s state-of-the-art wellness analytics platform.

 

MyFiziq will be incorporated into WellteQ’s application and made available across Toll’s Australian workforce.

The plan is to release the application to Toll’s 12,000 Australian employees in Q1-2019.

MyFiziq will be embedded alongside a number of activity challenges, rewards, health and fatigue prevention programs with virtual coaching, blood pathology across the application within the Toll offering.

US$2.99 per user monthly revenue

WellteQ has many corporate clients including Qantas, Bupa, Prudential, Telstra, Credit Suisse, Rolls Royce, Deakin University, King & Wood Mallesons, and GWSW AFL to name a few.

The company is currently demonstrating the advanced analytics when combined with the MyFiziq solution to its clients with a view to grow its monthly users to 500,000 by 2020.

Under the commercial terms of the agreement, MyFiziq will receive a per user payment of US$2.99 per user per month.

READ: MyFiziq secures $500,000+ as research and development tax incentive

MyFiziq chief executive officer Vlado Bosanac said: “This is another great opportunity for MyFiziq to showcase our tech in the world of corporate wellness.

“We bring capabilities to WellteQ that no other Wellness platform in the world can provide.

“The ability to map anthropometric data against blood pathology, activity, stress levels and sleep patterns is a world first and WellteQ are winning deals because of it.

Quick facts: MyFiziq Ltd

Price: $0.14

Market: ASX
Market Cap: $13.82 m
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