CNW Group
Mon, Jul 7, 2025, 4:00 AM 4 min read
In This Article:
Company on track with product development and commercialization
, /CNW/ - Light AI Inc. ("Light AI" or the "Company") (CBOE CA: ALGO) (FSE: 0HC) (OTCQB: OHCFF), a healthcare technology company focused on developing artificial intelligence ("AI") health diagnostic and wellness solutions is pleased to announce that it has achieved key internal milestones in the development of its Wellness Strep A screening application.
"We have made significant progress in the development of the Company's commercial platform since the beginning of 2025. These include the introduction of a multiplatform version of our mobile application with both Android and IOS smartphone and tablet support as well as robust scalability and security for our hyper-scale-based backend AI systems," stated Anthony Schaller, President and CTO of Light AI. "This significant product development investment positions the Company well as it transitions to its commercialization phase."
The Company's AI powered software platform is currently undergoing internal user testing by Light AI and its low and middle income countries go-to-market partner, Tech Care For All.
The Company continues to progress with its initial commercialization efforts for its Wellness Application, inclusive of potential targeted market-demonstration deployments with pharmacy companies. Commercial availability of the Company's Wellness Application remains targeted for late 2025.
The global AI healthcare market is projected to reach US$110.6 billion by 2030 from US$21.7 billion in 2025, at a CAGR of approximately 39% based upon adoption to new AI health and wellness solutions. The market is anticipated to grow due to the growing investments & funding by public-private organizations, the fast proliferation of AI in the healthcare industry, and the rising focus on developing human-aware AI systems. The market is experiencing growth due to increasing demand for enhanced services due to an unequal ratio between the healthcare workforce and patient numbers. However, inadequate IT infrastructure and unwillingness to adopt AI-based healthcare solutions in emerging economies are estimated to pose a challenge to market growth to be addressed.1
"We are receiving positive feedback to Light AI's Wellness Application anticipated to support our initial commercialization initiatives," stated John Tse, Vice President of Commercial Development. "We look forward to making a positive impact in the health and wellness market's digital health paradigm shift evolution."
English (US) ·