- Connected health and smart home solutions company HSC Technology (HSC) has signed a six-year licensing agreement with Australia’s national science agency, the CSIRO
- The agreement covers the use of CSIRO’s ‘activities of daily living’ algorithm for HSC’s Talius platform
- The combined technology will capture data from the person’s house to build a picture of their daily routine and will send alerts if something unusual is detected
- On market close for the day, HSC is up 5.56 per cent and is trading for 1.9 cents per share
HSC Technology (HSC) has signed a six-year licensing agreement with Australia’s national science agency, the CSIRO.
The agreement is to use CSIRO’s ‘activities of daily living’ algorithm for HSC’s
The technology was created at CSIRO’s Australian eHealth Research Centre as part of the Smarter Safer Homes (SSH) project and is currently awaiting a patent.
The aim was to produce a non-invasive sensor, monitoring and support system that was affordable for widespread use in either individual homes or supported living communities.
The sensors capture data from motion, light, temperature, humidity, vibration and power usage throughout the house to build a picture of a person’s daily routine. If something unusual is detected it will send alerts to clinicians, families, carers and healthcare workers.
Under the agreement, the technology will cover Australia, New Zealand and Singapore.
Managing Director, Graham Russell, is excited to be able to use Australian developed technology to offer decision making insights for people wanting to live in their homes longer and the supported living sector.
“The SSH Technology is a patent-pending algorithm and associated software that will work with our Talius platform for activity pattern recognition,” he said.
“The algorithm calculates a new measure, the objective activity of daily living, which is supported by several clinical evaluations and publications,” Graham added.
CSIRO’s CEO of Australian eHealth Research Centre, Dr David Hansen, is pleased to work with an Australian small-medium enterprise.
“The Smarter Safer Homes platform is helping to provide better-integrated healthcare experiences that support high-quality independent living. Working with HSC provides an opportunity for widespread use of the science we have been developing,” he told the market.
On market close, HSC is up 5.56 per cent, trading for 1.9 cents per share.