Sterling Asset Management recently contributed $300,000 to the Jamaica Stock Exchange’s Ventilator Initiative.
Charles Ross, CEO of Sterling Asset Management, visited the JSSE to handover the cheque. He appealed to corporate Jamaica as well as individuals to help our nation in its time of need.
Ventilators are must have instruments for managing the advanced stages of COVID-19 infections. The demand for these devices is such that there is a local and global shortage of available new machines, and unfortunately, there are several units in various states of disrepair distributed within our local hospitals.
The JSE aims to raise upwards of JMD $3M with the purpose of getting the Mona-Tech Engineering Services Limited to repair defective ventilators and other critical biomedical instruments. Eight GE iVent201 ventilators were repaired during the week of March 30 to April 3, 2020 at a cost of J$407,200.00. An estimated J$3,102,000 will be required for an additional 6 weeks of such repair works on additional instruments. Mona-Tech Engineering Services shall provide regular reports on all works and expenditures.
Everyone is asked to support the JSSE Ventilator Initiative by making a donation. For more information on this and other Sterling Asset Management COVID-19 initiatives, visit the website: www.sterling.com.jm.
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