Mr. Robert Kaul reports

CLOUD DX SIGNS NEW CONTRACTS WITH 2 ONTARIO COMMUNITY PARAMEDIC SERVICES

On March 26, 2024, Cloud DX Inc. executed new master deployment agreements for Cloud DX RPM (remote patient monitoring) services with Beausoleil First Nation Paramedic Service and an Ontario county paramedic service.

In Ontario, community paramedic services offer remote patient monitoring to seniors who can benefit from daily monitoring of vital signs, physical symptoms, and, in many cases, chronic conditions such as COPD (chronic obstructive pulmonary disease) and congestive heart failure. Patients can interact with the paramedics through the Cloud DX mobile app, allowing for close oversight and empowering patients to help manage their own care.

The Community Paramedicine for Long-Term Care (CPLTC) program is fully funded by the Ontario provincial government to provide additional care for seniors before admission into long-term care. Recently, the province announced an additional $174-million in funding to expand the CPLTC program from 2024 onward.

In comments published by CBC News on the impact of the CPLTC program, Renfrew county paramedic chief Michael Nolan said: "Community paramedics can lower the likelihood that those higher-use populations will call 911 or go to the emergency department by up to 70 per cent. Community paramedics can visit and support vulnerable populations without adding more strain on emergency providers -- something that can be done in the patient's own home, not in a hospital bed."

The agreements announced today have a term of 24 months. Including the purchase of products, subscriptions and bundled services, the aggregate value of these contracts is approximately $140,000. In its most recent financial statements, Cloud DX reported gross margins of approximately 77 per cent.

Cloud DX co-founder and chief operating officer Anthony Kaul stated: "Cloud DX is pleased to continue supporting the very effective Community Paramedicine for Long-Term Care program in Ontario. Especially in rural areas, patients with chronic conditions or patients recovering from surgery may be a long distance from the nearest hospital, which puts additional pressure on paramedics. Home monitoring both keeps patients safer and makes the job of the paramedics easier."

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

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