11:28:55 EDT Tue 21 May 2024
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Cloud Dx Inc
Symbol CDX
Shares Issued 93,132,434
Close 2024-03-05 C$ 0.085
Market Cap C$ 7,916,257
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Cloud Dx signs master deployment deal with OHRI

2024-03-06 11:48 ET - News Release

Mr. Robert Kaul reports

CLOUD DX SIGNS CONTRACT WITH THE OTTAWA HOSPITAL RESEARCH INSTITUTE (OHRI)

Cloud Dx Inc. has signed a new master deployment agreement with the Ottawa Hospital Research Institute (OHRI).

OHRI is an academic health research institute located in the city of Ottawa, Ont. It is the research arm of The Ottawa Hospital and is affiliated with the University of Ottawa.

OHRI houses approximately 2,200 scientists, clinician investigators, students, research fellows and support staff. Its researchers are studying more than 100 different diseases, conditions and specialties with an overall focus on translating discoveries and knowledge into better health.

Researchers at the institute intend to use Cloud Dx Connected Health products and services to enable remote patient monitoring, communication via video and text, schedule and compliance management, and improved clinical study efficiencies, allowing the researchers to conduct higher-quality clinical studies. Cloud Dx technology will make it possible to recruit subjects for trials more efficiently, and to gather more information from each subject. Each order for Cloud Dx technology will be covered by a separate statement of work (SOW), with plans in place for projects involving over 1,000 patients.

Cloud Dx has a successful record of academic partnership, working with prestigious institutions such as the Population Health Research Institute, McMaster University, University of New Brunswick, University of Waterloo, University of California San Diego, Simon Fraser University and several others. Researchers have published papers describing the benefits of Cloud Dx technology in peer-reviewed journals, including the British Medical Journal, the Canadian Journal of Cardiology and Journal of Medical Internet Research.

Dr. Sylvie Aucoin, clinician investigator at the Ottawa Hospital Research Institute and anesthesiologist at The Ottawa Hospital, commented: "Virtual care and remote monitoring technologies have great potential to improve patient care. Our research team looks forward to working with CloudDx on research in this area."

Cloud Dx co-founder and chief operating officer Anthony Kaul stated: "Cloud Dx is excited to embark on this new partnership with the Ottawa Hospital Research Institute. Since our founding in 2014, Cloud Dx has participated in some of the most important research in digital health. Papers published about virtual care using Cloud Dx, including the PVC-RAM-1 study in the British Medical Journal, have been cited around the world. Our research partnerships often lead to large-scale commercial contracts, as was the case with long-term clients Hamilton Health Sciences, The Ottawa Hospital, Alberta Health Services and others. We're confident that our contributions to research at OHRI will continue to improve care for Canadians, and customers in other countries as well."

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. Cloud Dx'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. The company 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, Teladoc Health Canada and Sanrai International.

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