Mr. Robert Kaul reports

CLOUD DX RENEWS 11 CUSTOMER CONTRACTS VALUED AT $1.25 MILLION

Cloud DX Inc. is hoping that 100 per cent of clients whose contracts are expiring in the first quarter of 2024 will renew. Of 14 potential renewals, 11 are renewed as of this date.

Cloud DX executes contracts with several types of health care providers. These contracts typically vary in length from 12 months to a maximum of 84 months. Customers typically purchase connected health kits that include approved medical devices and, in many cases, a customized tablet computer, connected to the Internet using WiFi or cellular technology. Patients are prescribed a connected health kit and attached subscription for chronic care management, postsurgical recovery, remote rehabilitation or palliative care use cases. Using the included medical devices, patients gather vital signs and, on the Cloud DX mobile app, they answer surveys, receive care plan reminders, and communicate with their care team by text and video chat.

The customers renewing their contracts in the first quarter include three Canadian hospitals, two Alberta primary care clinics, two Ontario family health teams, five Ontario community paramedic services, the Canadian Lung Health Foundation and a Canadian provincial health ministry.

Together, these clients enrolled approximately 2,900 unique patients in 2023. Upon renewal of these contracts, the company has received orders for connected health kits valued at $96,000. Recurring subscription revenues from these contracts is expected to increase to $575,000 per year for a total of $1.5-million in contract value to Dec. 31, 2025. Cloud DX earns approximately 77 per cent gross margins, as stated in the company's most recent financial statements.

From Jan. 1, 2024, Cloud DX has announced new contracts or renewals valued at $4.6-million, along with new master deployment agreements with VHA HomeHealth Care and the Ottawa Hospital Research Institute, and a master partnership agreement with Sanrai International that includes distribution opportunities with Sanrai dealers in 65 countries around the world.

Robert Kaul, Cloud DX's founder and chief executive officer, stated: "Cloud DX is happy to report that so far in 2024, all the contracts up for renewal have in fact renewed. Combined with the new contracts announced to date, it's clear that Cloud DX is executing well on our previously noted plan to grow our Canadian business rapidly. Our 100-per-cent contract renewal rate is one example of customer confidence in Cloud DX and comes just after the announcement of the early conversion of convertible debentures, followed by the escrow of 26 million shares, showing equally strong confidence from investors."

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. 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, Teladoc Health Canada and Sanrai International.

Investor conference videos now available

Robert Kaul, Cloud DX's CEO, presented a Zoom webinar on Jan. 17, 2024, at 4 p.m. Eastern Time (United States and Canada). A recording of his presentation can be seen on-line.

The Maxim Group (N.Y.) held its annual health care IT (information technology) virtual conference on Wednesday, Jan. 24, 2024, with 18 companies presenting. Investors can see the Cloud DX presentation on-line.

We seek Safe Harbor.