Mr. Robert Kaul reports

CLOUD DX SIGNS $230,000 CONTRACT WITH US INTERNAL MEDICINE CLINIC

Cloud Dx Inc. has signed a new master deployment agreement with Lee S. Freedman, MD, based in Highland Park, Ill. Dr. Freedman's practice is affiliated with the MDVIP, a concierge medicine group with over 1,000 clinics nation-wide specializing in care for adults including those with complex chronic conditions.

News in summary

• On Feb. 8, 2024, Cloud Dx signed a new 24-month master deployment agreement with Dr. Freedman, an MDVIP-affiliated internal medicine practice based in Highland Park, Ill.
• Dr. Freedman intends to enroll approximately 125 patients who will best benefit from remote patient monitoring with Cloud Dx Connected Health, valuing the agreement at approximately $230,000.

Cloud Dx will work with Dr. Freedman and his staff to enroll approximately 125 patients who will most benefit from remote monitoring using Cloud Dx Connected Health, especially patients with chronic obstructive pulmonary disease, congestive health failure, diabetes, hypertension and related co-morbidities. Typically, Cloud Dx earns around $700 (U.S.) per patient per year for United States deployments. In their most recent financial statements, the company reported gross margins of 77 per cent. Dr. Freedman is the second MDVIP-affiliated practice in Illinois to deploy Connected Health by Cloud Dx.

Dr. Freedman stated: "There is no question in my mind that remote monitoring of patients with chronic diseases improves care and lowers overall costs to the system. We are looking forward to launching our Cloud Dx deployment in March, 2024".

Cloud Dx co-founder and chief operating officer Anthony Kaul stated: "These newly announced contracts indicate that the Cloud Dx Connected Health platform is achieving our goal of bringing the benefits of virtual care and remote patient monitoring to the patients who need it the most. Clinicians like Dr. Freedman are on the front lines of the battle against chronic disease that generate over 80 per cent of all health care spending in North America. Cloud Dx automates the collection of at-home patient data, enabling early detection of complications, and creating a closer and richer doctor-patient relationship while improving health outcomes.

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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