CLOUD DX Signs Contract Renewals with 2 Ontario Community Paramedic Services Valued at $380,000

Contract renewals reflect high customer satisfaction with Cloud DX Connected Health products and services across North America.

News in Summary

· On April 4, 2024, Cloud DX renewed a 12-month Master Deployment Agreement with an Ontario County Paramedic Service and on April 18, 2024, Cloud DX renewed a 24-month Master Deployment Agreement with the Guelph Wellington - City of Guelph Paramedic Service.


· In Ontario, Remote Patient Monitoring (RPM) services are offered in the community under the Community Paramedicine for Long-Term Care program (CPLTC).

· Cloud DX Connected Health RPM products and services allow Community Paramedics to monitor seniors where they live, extending the time they can stay at home in comfort and reducing pressure on nursing home waiting lists. 


· Cloud DX has announced 24 new contracts and/or contract renewals, valued at $5,100,000 CAD so far in 2024. Notable announcements include new contracts with Ontario Paramedics, Ottawa University Research Institute, VHA Home HealthCare and Health PEI.

· Cloud DX will report Fiscal Year 2023 results and hold an Earnings call on Monday April 29, 2024. Please register for the Earnings Call HERE.

KITCHENER, ON / ACCESSWIRE / April 23, 2024 / Cloud DX (TSXV:CDX)(OTCQB:CDXFF), a leading North American provider of virtual care and remote patient monitoring platforms is pleased to announce the renewal on April 4, 2024 of the Master Deployment Agreement with an Ontario County Paramedic Service for 12 months. On April 18, 2024, the Company renewed the Master Deployment Agreement with Guelph Wellington - City of Guelph Paramedic Service for 24 months.

In Ontario, Community Paramedic Services offer Cloud DX Connected Health RPM services to seniors who can benefit from daily monitoring of vital signs, physical symptoms and in many cases, chronic conditions such as chronic obstructive pulmonary disease (COPD) and congestive heart failure (CHF). Patients can interact with the Paramedics via 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 CAD in funding to expand the CPLTC program from 2024 onwards.

Including the purchase of products, subscriptions and bundled services, the aggregate value of these contracts is approximately $380,000 CAD. In their most recent financial statements Cloud DX reported gross margins of approximately 77%.