• Venzee Technologies (TSXV:VENZ) has joined the recently formed COVID-19 Innovation Coalition in Chicago
  • The Coalition is a network of experts working to provide solutions for challenges posed by the virus
  • Technology company Venzee is offering its services and resources to help suppliers and healthcare providers during the pandemic
  • Venzee Tchnologies (VENZ) has shot up 25 per cent, and is currently trading at 2.5 cents per share

Venzee Technologies (TSXV:VENZ) has joined the COVID-19 Innovation Coalition, and is offering its services in the fight against the pandemic.

The company, which provides infrastructure technology for the retail industry, has joined to assist suppliers and healthcare providers. Specifically, Venzee is offering its advanced supply chain services, technical resources and relevant logistics expertise to the cause.

Venzee’s CEO, John Abrams, said that demand for supply chain automation and integration has started straining the company’ platform resources.

“Venzee will make Chicago and Milwaukee-based experts available to suppliers and heathcare providers, as requested through the COVID-19 Innovation Coalition,” he said.

Based in Chicago, the COVID-19 Innovation Coalition was organised earlier this month as the coronavirus’ economic impacts became more severe. Its purpose is to collaborate and provide solutions to the numerous challenges posed by the virus. 

The Coalition is a network of experts from various industries, as well as entrepreneurs, software developers, engineers, and designers. The network has also brought together people from leading centres of innovation, including mHUB, MATTER and 1871. 

Since starting, the Coalition has begun facilitating fast new responses on the pandemic’s front lines, including Chicago’s local hospitals. 

Venzee’s Senior Director of Integrations, Chad Kaczmarek, noted the unprecedented levels of stress that the virus has put on healthcare and retail supply chains.

“We have an obligation to share our expertise to aid in global supply improvement. With our partners, we will continue to rapidly deliver supply chain improvement and create durable, resilient solutions that effectively respond to this global pandemic,” he said. 

Venzee Technologies (VENZ) is up 25 per cent, trading for 2.5 cents per share at 9:48am EST.

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