18:49:41 EDT Thu 09 Apr 2026
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Cheelcare Inc
Symbol CHER
Shares Issued 19,777,121
Close 2026-04-09 C$ 1.69
Market Cap C$ 33,423,334
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Cheelcare delivers Curio robotic/rehab power wheelchair

2026-04-09 16:41 ET - News Release

Mr. Eugene Cherny reports

CHEELCARE DELIVERS FIRST CURIO ROBOTIC COMPLEX-REHAB POWER WHEELCHAIR TO PAYING CUSTOMERS AND ACHIEVES RECORD COMPANION

Cheelcare Inc. has delivered its first Curio robotic complex/rehab power wheelchair to paying customers, marking the company's transition into commercial production and initial revenue generation for its flagship power wheelchair platform.

This milestone is complemented by record Companion unit sales in March, reflecting strong demand across Cheelcare's product portfolio, with adoption increasingly supported by Medicare and Medicaid reimbursement, reducing reliance on private-pay and enabling broader, insurance-funded access. In addition, the company continues to see increasing request for quotations, which management views as a leading indicator of future sales activity and sustained commercial momentum.

The company's Curio production ramp follows the completion of its new manufacturing facility and assembly line buildout, providing the infrastructure required to support scalable production and future growth. Cheelcare's expanded facility, encompassing approximately 16,000 square feet, is designed to enable increased throughput, improved operational efficiency and enhanced quality control.

"With the delivery of our first Curio units to paying customers and record Companion sales in March, we are seeing clear validation of both our product offering and commercial strategy," said Eugene Cherny, chief executive officer of Cheelcare. "We believe these milestones mark early stages of broader growth trajectory, supported by increasing demand signals and the operational infrastructure now in place to scale."

As part of its next phase, the company will focus on expanding its commercial footprint through targeted deployment of demonstration units, continued production optimization and conversion of its growing RFQ pipeline into revenue.

About Cheelcare Inc.

Cheelcare designs and manufactures innovative mobility solutions that empower independence for people with disabilities. From the Companion power assist devices to the groundbreaking Curio robotic complex/rehab power wheelchair, Cheelcare combines engineering excellence with human-centred design to improve quality of life.

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