Mr. Robert Kaul reports

CLOUD DX WINS $3 MILLION CONTRACT FOR REMOTE PATIENT MONITORING

Cloud Dx Inc. has won a competitive requests for proposal (RFP) to supply remote monitoring technology and services to two health organizations. Mohawk Medbuy Corp. led the procurement process in collaboration with these member health care providers using broader public sector procurement directives. The award, which was announced on the procurement portal Biddingo on June 20, 2023, is also available to MMC's other members.

Mohawk Medbuy is a national, not-for-profit, shared service organization trusted by hundreds of Canadian hospitals and health care providers to drive value, efficiencies and cost savings on the supplies and services they use.

Under the terms of the contract award announced on June 20, 2023, Mohawk Medbuy will serve as the master contractor for the two members, which can order RPM products and services from Cloud Dx with assured pricing and terms. Other Mohawk Medbuy members can leverage the agreement without having to issue separate requests for proposals, reducing the cost and complexity of procuring best-in-class RPM services.

The initial contract runs from July 1, 2023, to June 30, 2026, with an option for a further two extensions of two years each to June 30, 2030. The total estimated awarded contract valuation for the full term of the agreement, including option periods, is $3.04-million.

For Cloud Dx, winning this competitive award further cements the company's status as a leader in remote patient monitoring delivery in Canada. This is the 17th contract or extension announced by the company in 2023 versus 28 contracts announced in all of 2022, showing that the demand for RPM continues to increase across the Canadian health care landscape.

Cloud Dx chief executive officer and founder Robert Kaul stated, "We are very excited to win this competitive contract award and continue to deliver life-changing remote patient monitoring, virtual care and telemedicine products and services to Canadian patients and providers."

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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