Ann: 4DMedical and Philips sign Memorandum of Understanding, page-2

4DMedical MD/CEO and Founder Andreas Fouras said: To partner with a healthcare powerhouse such as Philips is a phenomenal opportunity for 4D to accelerate our mission. The depth of commitment to Veterans by the team at Philips North America has been palpable throughout our 6-month long discussions. I continue to be impressed by their leadership in this space, and I am convinced that a partnership with Philips will dramatically accelerate the scaling of our offering within the VA. I am incredibly excited by the reach this will give our technology, and importantly, the impact this will have for millions of Veterans and their caregivers. The team at 4D has been working tirelessly to drive our mission, and the exciting progress over recent weeks, including: the monumental success with CMS reimbursement, recent contract wins in the US and Australia, and now this partnership with Philips, has transformed the Company. I look forward to being able to share further exciting evidence of this transformation over the balance of 2023.