In the news release, Health Logic Interactive Announces the Launch of the Lab-On-Chip Innovation Center and Grant of Options, issued
Health Logic Interactive Announces the Establishment of Professorship in Lab-on-Chip Innovations and Grant of Options
TSXV: CHIP.H
The Professorship will take place over the next five years and will aim to facilitate academic-industrial collaborations and partnerships to translate lab research into real world applications. This research will be focused on developing lab-on-chip technologies for point-of-care disease diagnosis and lab-on-chip platforms for therapeutic applications such as drug discovery and regenerative medicine.
"The upcoming establishment of the Professorship between
The Professorship will be funded by Health Logic through an annual
Health Logic Announces Option Grant
The Company reports that its board of directors has approved the grant of an aggregate of 1,950,000 stock options to certain directors, employees and consultants (the "Options") pursuant to the terms of the Company's stock option plan. The Options have an exercise price of
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Cautionary Notes
Certain statements contained in this press release constitute "forward-looking statements". All statements other than statements of historical fact contained in this press release, including, without limitation, those regarding the duration of the Professorship, the ability of the Professorship to facilitate academic-industrial collaborations and partnerships to translate lab research into real world applications, expectations regarding the Professorship facilitating development and commercialization opportunities for lab-on-chip technology, and the Company's strategy, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words "believe", "expect", "aim", "intend", "plan", "continue", "will", "may", "would", "anticipate", "estimate", "forecast", "predict", "project", "seek", "should" or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Company's expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements. Additional factors that could cause actual results, performance or achievements to differ materially include, but are not limited to the risk factors discussed in the Company's Management's Discussion and Analysis for the year ended December 31, 2020. Management provides forward-looking statements because it believes they provide useful information to investors when considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law.
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