Mr. Robert Kaul reports

CLOUD DX SIGNS CONTRACT FOR REMOTE CARE MONITORING WITH VHA HOME HEALTHCARE

Cloud Dx Inc. has signed a new contract with Ontario-based VHA Home HealthCare.

VHA is a value-driven, not-for-profit home care organization with a simple yet profound mission: creating possibilities for more independence. Operating in multiple regions across Ontario with a team of close to 3,000, VHA's administrative staff and large clinical team of nurses, personal support workers, rehab therapists and home support workers provide health and support services for more than 100,000 clients and families each year.

In January, 2024, Cloud Dx will begin supporting VHA in the care and support it provides to clients so they can safely stay at home. Cloud Dx can offer clients RCM (remote care monitoring) software and devices so they are able to seamlessly complete surveys, take biometric readings and interact with their care team virtually.

Cloud Dx Connected Health RCM optimizes vital sign monitoring, medication management, wound care and rehabilitation therapy conducted from the comfort of each client's home.

The contract was signed on Dec. 19, 2023, with an initial term of 24 months, with mutually agreed extensions thereafter. Together, Cloud Dx and VHA expect to deploy Connected Health RCM services to a significant proportion of eligible clients in the initial period of this agreement.

In addition to VHA, Cloud Dx supplies RCM products and services for home care use cases to Health PEI. Cloud Dx charges a per-patient-per-month software licence fee 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.

Alistair Forsyth, vice-president, digital health, and chief information officer of VHA, commented: "Implementing a remote care monitoring platform is an important example of how VHA uses innovative technology to empower our clients and help keep them safe and healthy at home. We are excited to be embarking on this collaborative partnership with Cloud Dx, a Canadian leader in patient-facing digital solutions."

Cloud Dx chief operating officer and co-founder Anthony Kaul stated: "The Cloud Dx team is honoured and excited to partner with VHA, an organization whose values and mission are aligned with ours. Cloud Dx delivers the innovative solutions, services and technology needed to impact new models of hospital-to-home, transitional and community-based care delivery through VHA's tremendous reach. Together, Cloud Dx and VHA can improve patient outcomes, keeping Ontarians out of hospital and safe in their homes while helping to build a more integrated health care system."

Coming investor conferences

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

• The Maxim Group will hold its annual Healthcare IT Virtual Conference on Wednesday, Jan. 24, 2024, and Thursday, Jan. 25, 2024. 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, 2024, and Thursday, Feb. 1, 2024.
• The Whistler Capital Event will take place from Friday, Feb. 9, 2024, to Sunday, Feb. 11, 2024, presented by Capital Event Management.

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, 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 Ten Most Prominent Telehealth Providers. Cloud Dx is an exclusive partner to Medtronic Canada and Teladoc Health Canada.

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