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VANCOUVER, BC, May 18, 2021 /CNW/ - H-Source Holdings Ltd. ("H-Source" or the "Company") (TSXV: HSI) (OTCQB: HSCHF), an innovative leader in the Software As A Service ("SAAS") based technology platform seeking to revolutionize the Global Healthcare procurement, logistics & distribution supply chain, is delighted to announce that it has successfully completed a major overhaul and upgrade to its existing software platform.
The complete overhaul includes numerous updates and revisions including:
Version 4.x of the platform
New flexible User Interface ("UI") and navigation tools
Entity data model enabling supply chain visibility and security
New web services added for inventory management and logistics
Ability to track ownership and custody
FDA track and trace and recall integrated throughout the platform
Drug Supply Chain Security Act ("DSCSA") 2024 compliant for serialized pharmaceutical products
Multi-currency & Multi-language integration
Search engine no longer database dependant
Proprietary inventory and logistics web service applications
Additional hooks and data for blockchain integration
Open source report and business intelligence support within the application
Additional functionality for de-centralized supply chain and payment/tokenization methods
John Kupice (CEO of H-Source) states: "We are extremely pleased with the development and launching of the enhanced platform. Our programmers and developers completely re-engineered the architecture to enable distributed supply chain and logistics functionality with additional integration tools for other applications, like blockchain and crypto currency".
John Kupice further comments: "During the past year, the Covid-19 pandemic forced many companies to completely reinvent their entire business and operating models. The consistent request by our trusted partners, suppliers, and GPO / Hospital groups is for a secure technology platform enabling new supply chain relationships and delivery models to increase efficiency and visibility, reduce costs, and facilitate blockchain integration. We look forward to the enhanced platform enabling new revenue lines and our growth strategy in the United States and globally".
About H-Source Holdings Ltd.
H-Source Holdings Ltd. is a proprietary, patented technology company operating within the healthcare industry through its wholly-owned subsidiaries, H-Source, Inc. and H-Source Distribution-US, Inc. The Company has developed an advanced technology solutions stack that provides a private, secure, SAAS platform designed to increase and maximize supply chain efficiency while reducing costs by moving products for participating members acquiring or exchanging medical supplies, pharmaceuticals, capital equipment, and medical devices. The latest version of the platform includes logistics and warehouse support for internal asset tracking, stockpiles, warehouses, and product movement and the ability to integrate other inventory optimization tools. Blockchain is offered as an add-on, at an additional cost, for increased functionality, security and traceability. This enhances our decentralized purchasing and payment capabilities for all members of the platform. The Blockchain gives additional visibility into ownership and custody of products for the entities participating in the Virtual Purchasing Organization ("VPO") enabling members to purchase directly from manufacturers, providers, and distributors to businesses or consumers. This increases supply chain visibility, cost reductions and efficiency. We have integrated business intelligence tools and machine learning to enhance the data analytics for supply chain optimization. The platform also performs FDA track and trace and recall functions and is DSCSA 2024 compliant including serialized pharmaceuticals. Additionally, the H-Source platform provides all the accounting and backend services for entities buying and selling on the platform. For more information, please visit http://h-source.com/.
On behalf of the board of directors of H-Source Holdings Ltd.
CEO & Director
CAUTIONARY DISCLAIMER STATEMENT: The TSXV has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
This news release contains forward-looking statements relating to the completion of the listing of the Company's shares on the TSXV and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the failure to satisfy the conditions of the TSXV and other risks detailed from time to time in the filings made by the Company with securities regulations.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.
SOURCE H-Source Holdings Ltd.
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