Mr. Adrian Mendes reports

PERIMETER MEDICAL IMAGING AI ENTERS SYSTEMWIDE AGREEMENT WITH INTERMOUNTAIN HEALTH

Perimeter Medical Imaging AI Inc. has signed an agreement with Intermountain Health, the largest non-profit health care system in the Intermountain West region, to enable the deployment of the company's S-Series OCT (optical coherence tomography) advanced imaging technology for tissue visualization in the operating rooms at Intermountain Health LDS Hospital in Salt Lake City and Intermountain Health American Fork Hospital in American Fork, Utah.

"Perimeter's OCT technology is a valuable tool in my practice because it helps me visualize margins in real time. This supports more informed surgical decisions," said Dr. Jennifer Tittensor, a breast surgeon at American Fork Hospital. "I'm thrilled that Intermountain Health and Perimeter have partnered to bring this technology to these hospitals."

Intermountain Health has 34 hospitals and 400 clinics in Utah, Idaho, Nevada, Colorado, Montana and Wyoming. The agreement enables any Intermountain Health hospital to acquire Perimeter's technology.

"Intermountain Health has a long track record of delivering high-quality care throughout the Intermountain West, reaching patients across an exceptionally diverse set of urban and rural communities," said Perimeter chief executive officer Adrian Mendes. "This collaboration opens the door for Perimeter to extend our technology into states where it has not yet been deployed while supporting surgeons with advanced imaging tools that aim to enhance surgical decision making and improve outcomes for the patients they serve."

This systemwide agreement builds on a previously announced development support agreement between Perimeter and Intermountain Health. That agreement set a framework for the two organizations to evaluate the potential value of using Perimeter's OCT technology and to collect additional data to support the continued development of the company's artificial intelligence (AI) algorithms.

About Perimeter Medical Imaging AI Inc.

Based in Toronto, Canada, and Dallas, Tex., Perimeter Medical Imaging AI is a medical technology company driven to transform cancer surgery with ultrahigh-resolution, real-time, advanced imaging tools to address areas of high unmet medical need. Available across the United States, the company's FDA-cleared (U.S. Food and Drug Administration) Perimeter S-Series OCT system provides real-time, cross-sectional visualization of excised tissues at the cellular level. The breakthrough-device-designated investigational Perimeter B-Series OCT with ImgAssist AI represents the company's next-generation artificial intelligence technology that was recently evaluated in a pivotal clinical trial, with support from a grant of up to $7.4-million (U.S.) awarded by the Cancer Prevention and Research Institute of Texas. The company's ticker symbol, PINK, is a reference to the pink ribbons used during Breast Cancer Awareness Month.

S-Series OCT intended use and unapproved uses

The S-Series OCT is indicated for use as an imaging tool in the evaluation of excised human tissue microstructure by providing two-dimensional, cross-sectional, real-time depth visualization with image review manipulation software for identifying and annotating regions of interest. Perimeter S-Series OCT has 510(k) clearance under a general indication and has not been evaluated by the U.S. FDA specifically for use in breast tissue, breast cancer, other types of cancer, margin evaluation and reducing re-excision rates. The safety and effectiveness of these uses have not been established.

We seek Safe Harbor.