Total Brain has experienced contract-signing delays due to Covid and the US elections and whilst the IBM contract was due to be signed at the end of 2020 it did not happen.
This key contract which has significant revenue potential for Total Brain is between IBM as sole supplier, and the US Dept. of Veterans Affairs for the provision of Total Brain's services. This was scheduled for award on 21 July 2021 as below in italics.
As this date has now passed an announcement of the commencement of services is anticipated.
In the meantime Total Brain are raising $6.5M at 25 cents with a 1 for 7 rights issue and free 35 cent 12 month option and additionally I would expect the Hamptons agreement to be forthcoming at some point.
The Department of Veterans Affairs (VA), Office of Procurement, Acquisition, and Logistics (OPAL), Technology Acquisition Center (TAC), located at 23 Christopher Way, Eatontown, New Jersey intends to enter into a sole source contract for Getting Results in Transition (GRIT) Mobile Application for the Office of Business Transformation. The TAC intends to award a sole source firm-fixed price contract with International Business Machines Corporation (IBM) located in 11107 Sunset Hills Rd Ste 500 Reston, VA, 20190-5375. The Statutory Authority being utilized is Federal Acquisition Regulation (FAR) Subpart 6.302-1, Only One Responsible Source and No Other Supplies or Services Will Satisfy Agency Requirements. The period of performance shall be 12 months from the date of the award, plus one 12-month option periods. The North American Industrial Classification (NAICS) for this effort is 511210. The anticipated award date is July 20, 2021. This notification shall close on June 22, 2021. Questions/responses shall be submitted via email to Contract Specialist, Luis Lozada-Santiago, e-mail: luis.lozada-santiago@va.gov, with the subject line as the synopsis number, 36C10B21Q0314. The Points of Contact (POCs) for this action are Luis Lozada-Santiago, Contract Specialist, 732-795-1010 or Juan Quinones, Contracting Officer, 732-440-9714.