KITCHENER, ON / ACCESSWIRE - Cloud DX (TSXV:CDX)(OTCQB:CDXFF), a leading North American provider of virtual care and remote patient monitoring platforms announces a new contract with Health PEI, the Provincial Health Authority for Prince Edward Island.This agreement is the second contract to be executed by Cloud DX after winning a competitive RFP to become the sole vendor of RPM services through Mohawk Medbuy, a national, not-for-profit, shared services organization trusted by hundreds of Canadian hospitals and health care providers to drive value, efficiencies and cost savings on the supplies and services they use. The Cloud DX - MMC master agreement was announced on June 21, 2023.Health PEI is deploying Cloud DX Connected Health RPM to patients through 3 high-priority use cases within the province.Primary Care patients with chronic diseases such as congestive heart failure (CHF) and chronic obstructive pulmonary disease (COPD) will be prescribed Connected Health to help improve outcomes.Home Care patients with chronic conditions, receiving geriatric care or palliative care will receive Connected Health kits and services to reduce ER visits and hospital admissions.Rehabilitation patients will enjoy better care at home with targeted nursing care via Cloud DX Connected Health telemedicine and vital sign monitoring features.In this deployment, Cloud DX Connected Health is replacing a previous vendor.This new contract for Connected Health Kits and remote care monitoring services will help PEI Health support up to 300 new patients annually and is valued at approximately $1,340,000 CAD over the full extended contract. Approximate costs to deliver the Kits and services over that term are expected to be around $295,000 CAD.

Graphic of man signing contract; image by Mohamed Hassan, via Pixabay.com.

The Information Management Agreement with Health PEI was fully executed on November 8, 2023, and this press release was approved on December 13, 2023.Health PEI's Executive Director of Community Health and Seniors Care Andrew MacDougall said,"Health PEI evaluated the Cloud DX Connected Health platform as part of the Mohawk Medbuy Request for Proposal (RFP) process prior to awarding this contract. We found that the Connected Health kit delivered to patients, and the Clinical portal used by our providers were both very user-friendly and intuitive. Some features of Cloud DX Connected Health that really stood out and differentiated the solution include Cloud DX's support for ease of deployment, patient onboarding, compliance to care instructions and patient technical support. These services are expected to increase efficiencies in delivering care throughout the province."Cloud DX CEO and Founder Robert Kaul stated,"Cloud DX is thrilled to add Prince Edward Island to our list of Provincial & Territorial Health Authority customers. Health PEI joins Alberta Health Services (AHS), Alberta PCN and Yukon Health & Social Services (YHSS) in deploying our award-winning Connected Health RPM platform to improve health outcomes and reduce costs for an entire Province. As Canadian Provincial Health Authorities commit to fully deploying home-grown, highly innovative technology platforms like Cloud DX Connected Health, Canada is becoming a world-wide leader in 21st Century healthcare delivery. We are proud to be part of this growing movement to make healthcare better for all Canadians".About Cloud DXAccelerating digital healthcare, Cloud DX is on a mission to make healthcare better for everyone. Our Connected Health™ remote patient monitoring platform is used by healthcare enterprises and care teams across North America to virtually manage chronic disease, enable aging in place, and deliver hospital-quality post-surgical care in the home. Our partners achieve better healthcare and patient outcomes, reduce the need for hospitalization or re-admission, and reduce healthcare 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.About Health PEIHealth PEI is responsible for the delivery of publicly funded health services in Prince Edward Island. The organization operates hospitals, health centres, public long-term care nursing facilities and community-based programs and services. Health PEI's primary goals are to provide Islanders with safe, quality, person-centered care and services; provide access to appropriate care by the right provider in the right setting; and, optimize resources and processes to sustain a viable health care systemNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Cloud DX Investor Site https://ir.clouddx.com/overview/default.aspxForward Looking StatementsThis news release contains forward-looking statements and information within the meaning of applicable securities legislation. Often, but not always, forward-looking statements and information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward looking statements or information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements or information contained in this news release. In particular, this news release includes certain forward-looking statements concerning the terms of the contract extension, the expected proceeds therefrom, as well as management's objectives, strategies, beliefs and intentions.Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, the Company's the ability of the Company to fulfill the terms of and derive the benefits from the contract extension.Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information.