Clearday, Inc. (OTCQX: CLRD) (“Clearday” or the “Company”) is pleased to announce that TRECS Institute has applied for a grant from the Pennsylvania State Civil Penalty Fund to access funds for skilled nursing facilities to purchase Mitra robots from Clearday that will have Clearday’s full suite of robotic services including its proprietary digital programming, “Clearday at Home”. The Mitra robot is expected to elevate the care options for skilled nursing communities across the country. This application by TRECS is the pilot program for the TRECS and Clearday strategy to access similar funds to greatly enhance Clearday’s ability to sell or rent, as a service, its Mitra robots to skilled nursing facilities nationwide. The Company recently received a provisional order from their pilot facility that intends to fund its purchase from this Pennsylvania grant. John Whitman, the Founder of TRECS, noted that this grant process may be easily replicated throughout the United States and that “he is pleased to take this important first step to provide Revolutionary Elder Care through Companion Robotics to skilled nursing facilities in Pennsylvania.” Clearday plans to provide regular updates on the progress of the TREC project as they are available through press releases or on our website.
James Walesa, Founder and CEO of Clearday commented, “We at Clearday are excited about this pilot program, which we expect to replicate for additional state grants to access funds to purchase our robotic services. In addition, Clearday is proud that John Whitman, a prominent elder care professional, and TRECS Institute, a not for profit organization devoted to using innovative care solutions to improve the quality of care to senior citizens and others in need of long-term care, support Clearday’s robotic services. We know that there are many challengers in the robotic services industry and are honored by the endorsement and validation of our many years investment in innovative care, including our Clearday at Home digital programing, our proprietary BEST test that combined with robot services, have made Mitra a true trusted companion.”
Clearday began its journey in 2018 to reimagine the way that America treats our most vulnerable population, seniors with geriatric issues including dementia. Mr. Walesa added, “As we begin to close the books on 2022 and look forward, I very much appreciate that we have journeyed through some of the most difficult times of the elder care industry and stand at an inflection point technology and care in a way that makes me see a bright future for care as the industry and Clearday continue to bring to market significant innovations that empower and support caregivers and elevate the level of elder care, especially for those with cognitive and other geriatric issues. For example, our suite of companion robotic services should help rationalize the cost at all types of Senior Living communities to help stabilize their budgets and, more importantly, provide seniors with better care. We look forward to rolling this program out across the country.”
Clearday believes that the Civil Penalty Fund opportunities in Pennsylvania are available nationwide and intends to leverage these numerous opportunities in 2023 to generate significant gross revenues from robotic sales, rentals and services. In Pennsylvania, there are over 675 licensed nursing homes with approximately 88,000 beds, according to Care.com. James Walesa noted that “Clearday’s future will be based in large part on our innovative products and services and customer acceptance of our technologies. I think that the technology adoption models such as Rogers Research, bodes well for customer acceptance of our robotic services and other innovative care solutions.” He added, “we believe that people recognize the adoption and use of technologies to advance care and that Clearday should continue its mission to advance care through technologies, including robotic services, to diversify our revenue streams and increase our value.”
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