Dr. Lisa Crossley reports

RELIQ HEALTH TECHNOLOGIES, INC. SIGNS NEW CONTRACT WITH RESPIRATORY THERAPY CLINIC IN TEXAS TO ADD 10,000 NEW PATIENTS

Reliq Health Technologies Inc. has signed a new contract with a respiratory therapy clinic in Texas to add 10,000 new patients to the platform by mid-2024. Onboarding will begin in September, 2023.

"The iUGO Care platform supports patients with asthma, chronic obstructive pulmonary disease (COPD) and other breathing issues by providing remote monitoring with connected spirometers, inhalers and nebulizers," said Dr. Lisa Crossley, chief executive officer of Reliq Health Technologies. "According to the CDC [Centers for Disease Control and Prevention], over 20 million Americans have COPD and it is the fourth-leading cause of death in the States. Remote monitoring of asthma and COPD patients allows health care providers to identify early changes in lung function that can be easily treated at home with antibiotics, steroid inhalers or nebulizer treatments. These early interventions help prevent complications like inflammation, bronchitis and pneumonia that can cause permanent lung damage, and lead to lengthy, disruptive and costly ICU [intensive care unit] stays. Under the Centers for Medicare & Medicaid Services (CMS) remote therapeutic monitoring (RTM) program, physicians and respiratory therapists can provide RTM services, expanding Reliq's addressable market. We expect to add over 10,000 patients to our iUGO Care platform by mid-2024 through this contract, at $65 per patient per month at greater than 70-per-cent gross margin. Onboarding will begin this month.

"The company is also pleased to share that hurricane Idalia has not significantly impacted its clients in Florida and will not disrupt onboarding or billing for Reliq's clients in the state," continued Dr. Crossley. "Onboarding, adherence and collections have continued to improve this quarter, and the company's profitability continues to increase. Sales for FY 2023 more than doubled year-over-year relative to FY 2022, and are expected to more than double again in FY 2024. We look forward to continued record growth through the remainder of calendar year 2023 and beyond."

Reliq Health Technologies Inc.

Reliq Health Technologies is a rapidly growing global health care technology company that specializes in developing innovative virtual care solutions for the multibillion-dollar health care market. Reliq's powerful iUGO Care platform supports care co-ordination and community-based virtual health care. iUGO Care allows complex patients to receive high-quality care at home, improving health outcomes, enhancing quality of life for patients and families, and reducing the cost of care delivery. iUGO Care provides real-time access to remote patient monitoring data, allowing for timely interventions by the care team to prevent costly hospital readmissions and emergency room visits.

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