Signing of a development agreement with LocatorX

Caretech Services Pty Ltd (CTS), a WA-based smart packaging technology developer, today signed a development agreement with LocatorX, the Atlanta-based location tracking platform provider.

LXConnect ™, LocatorX’s cloud-based tracking platform, provides accurate, inexpensive and flexible tracking technology to businesses in a variety of industries.

CTS SIP system technology enables healthcare and veterinary systems to seamlessly integrate their EMR (Electronic Medical Records) and supply chain using intelligent procedural packaging in the form of SmartPack ™ and SIPApp ™.

The combination of LXConnect with SIPApp ™ will allow Caretech Services to provide authentication, validation and notification of medical supplies, drugs and other items based on data supplied by the manufacturer and provided on the SmartPack ™ and supplied to the LocatorX software suite.

“Our partnership with LocatorX will allow us to dramatically reduce medication errors, which will help us fulfill our mission of saving as many lives as possible,” said Gregg Boalch, CEO of CTS.

“Together, we can also realize the dream of virtual drug stocks – effective use of our technologies as a weapon of disease control – especially in the era of COVID,” Boalch said.

“We are excited about the work Caretech Services is doing to improve the accuracy and authenticity of medical procurement and pharmaceutical distribution,” said Scott Fletcher, President and CEO of LocatorX.

“In addition, we are delighted that LocatorX technology enables mission-critical applications ensuring that patients receive the right medications at the right time without having to worry about their authenticity. ”

CTS will pilot the SIP system in several countries in 2022.

About LocatorX

LocatorX helps businesses respond to complex market conditions faster with its LXConnect ™ cloud-based tracking platform – which tracks products and assets, engages customers and detects counterfeit activity as it occurs .

Learn more about www.locatorx.com

About Caretech Services

CTS’s mission is to save lives by integrating supply chain and medical records using intelligent procedural packaging. Not only does our technology allow us to trap the 5 causes of harm suffered by patients – prescription mismatch, contraindications with other drugs for patients, supply of counterfeit drugs, drug expiration and cold chain breaks. – it removes existing unnecessary administrative costs for healthcare workers and simultaneously generates the real evidence (RWE / RWD) needed for effective disease and drug control by public health custodians, regulators and pharmaceutical suppliers / MedTech.

Learn more about www.caretech.net.au

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