Mr. Robert Kaul reports

CLOUD DX SIGNS 12TH PARAMEDIC SERVICE CONTRACT

Cloud Dx Inc. has signed a new contract with another Ontario paramedic service to bring remote patient monitoring (RPM) to seniors in the community.

This community paramedic group chose Cloud Dx to provide Connected Health kits and remote monitoring services for an already-running RPM program after receiving additional funding through the Ontario government's community paramedicine for long-term-care program (CPLTC).

For this contract, Cloud Dx Connected Health is replacing another vendor. The flexibility of the Connected Health platform allows the customer to continue using some legacy hardware, including tablets and pulse oximeters, lowering the cost of switching to Cloud Dx. The new contract will begin with 35 Connected Health subscriptions and has an estimated value of up to $35,000, running through May, 2024.

The CPLTC program is fully funded by the provincial government to provide additional care for seniors in the comfort of their own homes before admission into long-term care. Recently, the province announced an additional $174-million in funding to expand the CPLTC program from 2024 onward.

In comments published by CBC News, Renfrew county paramedic chief Michael Nolan said: "Community paramedics can lower the likelihood that those higher-use populations will call 911 or go to the emergency department by up to 70 per cent. Community paramedics can visit and support vulnerable populations without adding more strain on emergency providers -- something that can be done in the patient's own home, not in a hospital bed."

Cloud Dx chief executive officer and founder Robert Kaul stated: "Cloud Dx is excited to see continued growth in new contracts, contract extensions and expanded sales orders from the community paramedicine for long-term care program. Caring for seniors in their own homes not only results in fewer ER visits, fewer hospital admissions and better health outcomes, but patients appreciate the chance to stay at home, stating they are very satisfied with Cloud Dx Connected Health. We hope to see this pioneering program replicated in other provinces soon."

This is the 12th contract Cloud Dx has signed with eight separate community paramedic services in Ontario and the 16th contract or extension announced by the company in 2023 versus 28 contracts announced in all of 2022.

About Cloud Dx Inc.

Accelerating digital health care, Cloud Dx is on a mission to make health care better for everyone. Its Connected Health remote patient monitoring platform is used by health care enterprises and care teams across North America to virtually manage chronic disease, enable aging in place and deliver hospital-quality postsurgical care in the home. Its partners achieve better health care and patient outcomes, reduce the need for hospitalization or readmission, and reduce health care delivery costs through more efficient use of resources. Cloud Dx is the co-winner of the Qualcomm Tricorder Xprize, 2022 top innovator by Canadian Business, a 2021 Edison award winner, a Fast Company world-changing-idea finalist and one of Canada's 10 most prominent telehealth providers. Cloud Dx is an exclusive partner to Medtronic Canada, Teladoc Health Canada and Equitable Life of Canada.

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