Mr. Anthony Kaul reports

CLOUD DX SIGNS 3 CONTRACTS FOR REMOTE PATIENT MONITORING WITH COMBINED VALUE OF APPROX. $375,000 CAD

Cloud Dx Inc. has provided an update.

As part of a Grey Bruce Ontario Health Team palliative care initiative, the Hanover FHT and the Brockton and Area FHT will each deploy Cloud Dx Connected Health kits and remote patient monitoring services to patients who are enrolled in palliative care programs.

Cloud Dx Connected Health remote patient monitoring (RPM) allows for palliative care and monitoring to be conducted from the comfort of a patient's home. The patient's circle of care has the peace of mind knowing there is a dedicated clinical team monitoring their loved one's well-being using weekly surveys, including mESAS, patient satisfaction and PRFS tools (patient functional status tool) to assess the stage the patient's palliative journey. Additionally, where applicable, there is a survey to assess the well-being of personal caregivers supporting the patient in addition to the RPM solution. Patients, regardless of palliative stage and technological ability, have been able to confidently participate and feel supported in their health and well-being. These contracts were signed on Oct. 23 and Oct. 31, 2023, respectively with an initial term of 12 months, with automatic extensions thereafter.

In addition, the company is pleased to announce that Oak Valley Health's Markham Stouffville Hospital (MSH) has renewed and extended their contract for Cloud Dx RPM products and services for an additional 36 months, from Dec. 7, 2023, to Dec. 7, 2026.

MSH has deployed Connected Health for community care programs since November, 2017, and uses Cloud Dx solutions for chronic obstructive pulmonary disease (COPD), heart failure and virtual rehabilitation patients. In addition, The Lung Health Foundation has purchased Connected Health kits for deployment at MSH. Many MSH patients have continuously used Cloud Dx technology for over 65 months and counting.

For palliative care and chronic disease management use cases, Canadian health care providers will prescribe Connected Health RPM for essentially the remainder of the patient's life. On average Cloud Dx earns approximately $49 per patient per month for this type of deployment, along with additional fees for hardware, wound care, customizations, connectivity and other related services. As of Sept. 31, 2023, Cloud Dx reported gross margins of 77 per cent.

Cloud Dx chief operating officer and co-founder Anthony Kaul stated: "The Cloud Dx team is excited to extend our Connected Health platform's palliative care module to serve patients in Southwestern Ontario through the Brockton and Hanover Family Health teams. Originally developed for our territorial contract with Yukon Health and Social Services, the Cloud Dx palliative care module brings much needed support for families and caregivers assisting a loved one palliate at home. We are also honoured to continue to work with our longest-standing chronic care management program through Oak Valley Health's Markham Stouffville Hospital. The MSH COPD program is a Canadian leader in improving patient outcomes through remote monitoring of vital signs and symptom assessments and will continue to be our corporate exemplar of what is possible through the application of well executed digital health strategies by forward thinking care teams!"

Investor webinar

Investors are invited to a Zoom webinar on Jan. 17, 2024, at 4 p.m. Eastern Time (United States and Canada). Please register on-line in advance for this webinar.

After registering, you will receive a confirmation e-mail containing information about joining the webinar.

Upcoming investor conferences

Cloud Dx is pleased to inform investors that founder and CEO Robert Kaul will be presenting at the following investor conferences in the coming weeks:

• The AlphaNorth Capital Event is taking place in Nassau, Bahamas, from Friday, Jan. 19, to Sunday, Jan. 21, 2024. Investors interested in attending are encouraged to contact Capital Event Management at info@cem.ca.
• The Maxim Group will hold its annual health care IT virtual conference on Wednesday, Jan. 24, and Thursday, Jan. 25. Qualified investors can apply to attend this virtual event at no cost.
• The Microcap Conference will be held in Atlantic City, N.J., on Wednesday, Jan. 31, and Thursday, Feb. 1, 2024.
• The Whistler Capital Event will take place from Friday, Feb. 9, to Sunday, Feb. 11, 2024.

About Cloud Dx Inc.

Accelerating digital health care, Cloud Dx is on a mission to make health care better for everyone. The company's 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. The company's 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, the winner of 2022 Top Innovator from 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 and Teladoc Health Canada.

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