Toronto, Ontario--(Newsfile Corp. - June 21, 2021) - Relay Medical Corp. (CSE: RELA) (OTCQB: RYMDF) (FSE: EIY2) ("Relay" or the "Company") and Fio Corporation ("Fio") - through their joint venture company Fionet Rapid Response Group ("FRR") - are pleased to provide an update on the Lester B. Pearson International Airport ("Toronto Pearson") COVID-19 Airport pilot testing program started earlier this year.
At the beginning of March 20211, The National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) funded the first of its kind biosecurity testing solution to screen airport staff and departing travelers for COVID-19 through the deployment of the Fionet platform. The Company is pleased to report that funding for the feasibility study has been extended to July 9, 2021 allowing COVID-19 testing to continue free of charge for employees and international travellers at Toronto Pearson in efforts to determine a permanent facility.
This pilot is for outbound passenger and staff scheduling of on-site antigen Rapid Diagnostic Tests (RDTs) and Polymerase Chain Reaction (PCR) Tests. Fionet is the system provider for all scheduling, registration, processing of results, and communication to passengers and the Lab Information System which connects the Health Authorities. FRR has deployed the Fionet high-throughput system for efficient and quality-controlled processing that can be paired with any Health Canada and FDA approved tests.
Significant milestones include an average RDT turnaround time from swab-to-result of 30 minutes. New operations include increased testing capacity at the new Terminal 3 location, serving more than 30 airlines, and conducting over 36,000 tests to date across all platforms.
"COVID-19 variants are causing the global travel industry to continuously adapt which is increasing the necessity for frequent and rapid testing as international travel proceeds," said Yoav Raiter, CEO, Relay Medical Corp. "The flexibility of the Fionet platform has allowed us to optimize our services and respond quickly to changing requirements so that more Canadians can travel safely at Canada's largest airport."
As the country anticipates increased travel for the summer, and potential lessening of quarantine restrictions for fully vaccinated residents and citizens2 the demand for testing will continue. As best practice, a negative result will be required prior to departure and again upon destination country arrival. It is also important to note that other variants of concerns (VOCs) are increasing in Canadian cases, such as the Delta coronavirus mutation first identified in India and causing an outbreak across the United Kingdom3. Testing for travel and entry between countries will likely remain a key policy to suppress the spread of COVID-19 variants across geographies.
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About GTAA
The Greater Toronto Airports Authority (GTAA) is the operator of Toronto Pearson International Airport. Toronto Pearson served more than 50 million passengers in 2019, making it Canada's busiest airport.
Website:www.torontopearson.com
About Fionet
The Fionet Platform is an end-to-end, rapid testing and tracking solution for community-based or decentralized settings. Combining a fast, handheld point-of-need device connected in real time to cloud data services, the Fionet Platform handles scheduling and registration via phone app at home, on-site check-in, rapid, on-the-spot antigen testing, data integration with other testing devices, result notification, public health notification as appropriate, and anonymized data and stats for dashboards for authorized stakeholders.
Website: www.fionetrapidresponse.com
About Relay Medical Corp.
Relay Medical is a technology innovation Company headquartered in Toronto, Canada focused on the development of novel solutions in the diagnostic, AI data science and IoT security sectors.
Website: www.relaymedical.com
Contact:
Destine Lee
Media & Communications
Relay Medical Corp.
Office. 647-872-9982
TF. 1-844-247-6633
Media Inquiries: media@relaymedical.com
Investor Relations: investor.relations@relaymedical.com
Forward-looking Information Cautionary Statement
Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the commercialization plans for the technology described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at www.sedar.com.
1 https://www.relaymedical.com/blog/2021/3/10/relay-medical-amp-fio-execute-agreement-to-provide-covid-19-rapid-testing-at-toronto-pearson-international-airport
2 https://www.ctvnews.ca/health/coronavirus/canada-to-unveil-travel-rules-for-fully-vaccinated-citizens-permanent-residents-1.5478703
3 https://www.cp24.com/news/public-health-agency-reports-spike-in-confirmed-cases-of-delta-variant-1.5476743
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