September 23, 2023
2023-02-16 | TSXV:RHT | Press Launch

HAMILTON, Ontario, Feb. 16, 2023 (GLOBE NEWSWIRE) — Reliq Well being Applied sciences Inc. (TSXV:RHT or OTC:RQHTF or WKN:A2AJTB) (“Reliq” or the “Firm”), a quickly rising international healthcare expertise firm that develops revolutionary Digital Care options for the multi-billion greenback Healthcare market, is happy to announce that it has signed new contracts with three Assisted Residing Services and three doctor practices in Pennsylvania and California. The Firm expects to onboard over 3,000 new sufferers to its iUGO Care platform via these contracts by the tip of the 12 months, at a mean income of $65 per affected person per 30 days.

“We’re very happy to be increasing into Pennsylvania in addition to persevering with to develop our enterprise in California,” mentioned Dr. Lisa Crossley, CEO at Reliq Well being Applied sciences, Inc. “The Assisted Residing Services (ALFs) will probably be utilizing our iUGO House answer to supply in-facility emergency alerts, fall detection and geofencing, together with a safe portal for members of the family to observe their beloved one’s situation whereas within the ALF. The geofencing characteristic permits employees to obtain alerts if a affected person with cognitive points makes an attempt to go away the power on their very own. The services can even be utilizing Reliq’s affected person monitoring and telemedicine modules to trace remedy compliance, monitor vitals, and facilitate digital visits for his or her residents with main care suppliers and specialists akin to cardiologists. Since many ALF residents have vital heath and mobility points, digital visits enable them to obtain top quality care within the facility with out the price, inconvenience and danger of falls or publicity to COVID, RSV and influenza related to being transported to their doctor’s workplace. We count on so as to add over 3,000 sufferers to our iUGO Care platform by the tip of this 12 months via these contracts, at a mean income of $65 per affected person per 30 days at 75% gross margin.”

“We’re typically requested how we will use Synthetic Intelligence (AI) in our iUGO Care platform to enhance affected person well being outcomes,” continued Dr. Crossley. “The use case described above is an effective instance of a possible software of AI in iUGO Care. The autumn detection information collected in Assisted Residing Services together with the info on sufferers’ drugs, scientific situations and important indicators can be utilized with AI to create predictive algorithms that determine these sufferers who’re most vulnerable to falls. This enables services to implement acceptable fall prevention measures for these at-risk sufferers, lowering falls and the ensuing problems and hospitalizations. The mix of our complete affected person dataset with AI expertise permits shoppers to supply proactive, preventative affected person care to additional safeguard their sufferers’ well being and security.”

Reliq Well being

Reliq Well being Applied sciences is a quickly rising international healthcare expertise firm that focuses on creating revolutionary Digital Care options for the multi-billion greenback Healthcare market. Reliq’s highly effective iUGO Care platform helps care coordination and community-based digital healthcare. iUGO Care permits complicated sufferers to obtain top quality care at house, bettering well being outcomes, enhancing high quality of life for sufferers and households and lowering the price of care supply. iUGO Care gives real-time entry to distant affected person monitoring information, permitting for well timed interventions by the care group to forestall pricey hospital readmissions and ER visits. Reliq Well being Applied sciences trades on the TSX Enterprise beneath the image RHT, on the OTC as RQHTF and on the Frankfurt Inventory Change beneath the WKN:A2AJTB.

ON BEHALF OF THE BOARD

“Dr. Lisa Crossley”

CEO and Director

For additional data please contact:

Firm Contact

Investor Relations at [email protected]

US Investor Relations Contact

Investor Relations

Lytham Companions, LLC

Ben Shamsian

New York | Phoenix

646-829-9701

[email protected]

Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.

Cautionary Statements Concerning Ahead Trying Info

Sure statements on this press launch represent forward-looking statements, inside the which means of relevant securities legal guidelines. All statements that aren’t historic information, together with with out limitation, statements concerning future estimates, plans, packages, forecasts, projections, aims, assumptions, expectations or beliefs of future efficiency, are “forward-looking statements”.

We warning you that such “forward-looking statements” contain identified and unknown dangers and uncertainties that might trigger precise and future occasions to vary materially from these anticipated in such statements.

Ahead-looking statements embody, however should not restricted to, statements with respect to industrial operations, together with expertise growth, anticipated revenues, projected measurement of market, and different data that’s based mostly on forecasts of future outcomes, estimates of quantities not but determinable and assumptions of administration.

Reliq Well being Applied sciences Inc. (the “Firm“) doesn’t intend and doesn’t assume any obligation, to replace these forward-looking statements besides as required by regulation. These forward-looking statements contain dangers and uncertainties referring to, amongst different issues, expertise growth and advertising actions, the Firm’s historic expertise with expertise growth, uninsured dangers. Precise outcomes might differ materially from these expressed or implied by such forward-looking statements.

SOURCE: Reliq Well being Applied sciences Inc.

2023-02-16 | TSXV:RHT | Press Launch

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