Total Brain Partners with One Mind at Work

Total Brain (ASX:TTB) is the developer of a neuroscience-based mental health & fitness platform powered by the largest standardized neuroscientific database in the world formed over almost two decades and with $50m of R&D funding.  The company has announced that it has partnered with global not for profit employer coalition One Mind at Work to offer its members a free corporate mental health assessment and a three- month unlimited license for their employees to access Total Brain’s self-care tools. In exchange, Total Brain will reach more than 6m employees across more than 25 global corporations. One Mind at Work was founded by private investor and philanthropist Garen Staglin and former US congressman Patrick Kennedy in 2011. Total Brain and One Mind at Work intend to use the data collected in the anonymous assessment period to create a US Mental Health Index against which corporations and individuals can measure their progress and performance. While the initial arrangement is free, we see an opportunity for Total Brain to capture new corporate clients longer term. Our base case DCF valuation is $1.25/share or $143m with $0.83/share in the terminal value.