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Newtopia Signs Framework Agreement with Supplemental Insurance Payvider to Offer its Proven Habit Change Platform to Thousands of U.S. Workers as a Fully-Covered Benefit

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Newtopia Inc. (TSXV: NEWU) (OTCQB: NEWUF) has signed a Framework Agreement with a supplemental insurance payvider to offer its habit change platform as a fully-covered benefit to thousands of U.S. workers starting in 2025. This partnership opens a new channel in supplemental insurance for Newtopia, aligning with its mission to cultivate whole health and wellbeing.

The payvider's platform serves major U.S. employers, representing millions of workers. Newtopia will provide its services to approximately 50% of plan members at risk of metabolic disease, with no out-of-pocket costs. Members will also have access to Newtopia's GLP-1 companion offerings, GLP-1 Ally and GLP-1 Sustain, designed to help maintain weight loss and healthier lifestyles.

CEO Jeff Ruby states this partnership aligns with Newtopia's diversified growth strategy and could accelerate progress toward cash flow positivity and profitability in 2025.

Newtopia Inc. (TSXV: NEWU) (OTCQB: NEWUF) ha firmato un Accordo Quadro con un fornitore di assicurazione supplementare per offrire la sua come un beneficio completamente coperto a migliaia di lavoratori negli Stati Uniti a partire dal 2025. Questa partnership apre un nuovo canale nell'assicurazione supplementare per Newtopia, allineandosi con la sua missione di coltivare la salute e il benessere integrali.

La piattaforma del fornitore di assicurazione serve i principali datori di lavoro americani, rappresentando milioni di lavoratori. Newtopia fornirà i suoi servizi a circa il 50% dei membri del piano a rischio di malattie metaboliche, senza costi a carico. I membri avranno anche accesso alle offerte companion GLP-1 di Newtopia, GLP-1 Ally e GLP-1 Sustain, progettate per aiutare a mantenere la perdita di peso e stili di vita più sani.

Il CEO Jeff Ruby afferma che questa partnership si allinea con la strategia di crescita diversificata di Newtopia e potrebbe accelerare il progresso verso la positività di flusso di cassa e la redditività nel 2025.

Newtopia Inc. (TSXV: NEWU) (OTCQB: NEWUF) ha firmado un Acuerdo Marco con un proveedor de seguros suplementarios para ofrecer su plataforma de cambio de hábitos como un beneficio completamente cubierto para miles de trabajadores en EE. UU. a partir de 2025. Esta asociación abre un nuevo canal en el seguro suplementario para Newtopia, alineándose con su misión de cultivar la salud y el bienestar integral.

La plataforma del proveedor de seguros atiende a importantes empleadores en EE. UU., representando a millones de trabajadores. Newtopia ofrecerá sus servicios a aproximadamente el 50% de los miembros del plan en riesgo de enfermedades metabólicas, sin costos fuera de bolsillo. Los miembros también tendrán acceso a las ofertas de compañerismo GLP-1 de Newtopia, GLP-1 Ally y GLP-1 Sustain, diseñadas para ayudar a mantener la pérdida de peso y estilos de vida más saludables.

El CEO Jeff Ruby afirma que esta asociación se alinea con la estrategia de crecimiento diversificada de Newtopia y podría acelerar el progreso hacia la positividad del flujo de efectivo y la rentabilidad en 2025.

Newtopia Inc. (TSXV: NEWU) (OTCQB: NEWUF)는 2025년부터 미국의 수천 명의 근로자에게 습관 변화 플랫폼을 완전 보장 혜택으로 제공하기 위해 추가 보험 제공업체와 프레임 워크 계약을 체결했습니다. 이번 파트너십은 Newtopia의 전체 건강과 웰빙을 기르고자 하는 사명과 일치하는 보조 보험의 새로운 경로를 열어줍니다.

해당 보험 제공업체의 플랫폼은 미국 주요 고용주에게 서비스를 제공하며, 수백만 명의 근로자를 대표합니다. Newtopia는 대사성 질환 위험이 있는 계획 회원의 약 50%에게 서비스를 제공하며, 개인 부담 비용은 없습니다. 회원들은 또한 Newtopia의 GLP-1 동반 제공 서비스인 GLP-1 Ally 및 GLP-1 Sustain에 접근할 수 있어 체중 감량과 건강한 라이프스타일 유지에 도움을 받을 수 있습니다.

CEO 제프 루비는 이번 파트너십이 Newtopia의 다각화된 성장 전략과 일치하며, 2025년 현금 흐름 긍정화 및 수익성 향상으로의 진전을 가속화할 수 있다고 말했습니다.

Newtopia Inc. (TSXV: NEWU) (OTCQB: NEWUF) a signé un Accord Cadre avec un prestataire d'assurance complémentaire pour offrir sa plateforme de changement d'habitudes comme un avantage entièrement couvert à des milliers de travailleurs américains à partir de 2025. Ce partenariat ouvre un nouveau canal dans l'assurance complémentaire pour Newtopia, en accord avec sa mission de promouvoir la santé et le bien-être global.

La plateforme du prestataire sert de grands employeurs américains, représentant des millions de travailleurs. Newtopia fournira ses services à environ 50 % des membres du plan à risque de maladies métaboliques, sans frais à leur charge. Les membres auront également accès aux offres d'accompagnement GLP-1 de Newtopia, GLP-1 Ally et GLP-1 Sustain, conçues pour aider à maintenir la perte de poids et des modes de vie plus sains.

Le PDG Jeff Ruby déclare que ce partenariat est en accord avec la stratégie de croissance diversifiée de Newtopia et pourrait accélérer les progrès vers une situation de flux de trésorerie positive et la rentabilité en 2025.

Newtopia Inc. (TSXV: NEWU) (OTCQB: NEWUF) hat eine Rahmenvereinbarung mit einem Anbieter von Zusatzversicherungen unterzeichnet, um seine Gewohnheitsänderungsplattform ab 2025 als vollständig abgedeckten Vorteil für Tausende von US-Arbeitnehmern anzubieten. Diese Partnerschaft eröffnet Newtopia einen neuen Kanal im Bereich der Zusatzversicherung und steht im Einklang mit der Mission, die ganzheitliche Gesundheit und das Wohlbefinden zu fördern.

Die Plattform des Anbieters bedient große US-Arbeitgeber und repräsentiert Millionen von Arbeitern. Newtopia wird seine Dienstleistungen für etwa 50 % der Planmitglieder mit Risiko für Stoffwechselerkrankungen anbieten, ohne dass Kosten für die Mitglieder anfallen. Die Mitglieder haben zudem Zugang zu Newtopias GLP-1 Begleitangeboten, GLP-1 Ally und GLP-1 Sustain, die darauf ausgelegt sind, den Gewichtsverlust und einen gesünderen Lebensstil zu unterstützen.

CEO Jeff Ruby erklärt, dass diese Partnerschaft mit Newtopias diversifizierter Wachstumsstrategie übereinstimmt und den Fortschritt in Richtung einer positiven Cashflow-Situation und Rentabilität im Jahr 2025 beschleunigen könnte.

Positive
  • Signed Framework Agreement with supplemental insurance payvider for 2025
  • Potential to reach thousands of U.S. workers as a fully-covered benefit
  • Opens new channel in supplemental insurance market
  • No out-of-pocket costs for plan members
  • Access to GLP-1 companion offerings included
  • Potential to accelerate progress toward cash flow positivity and profitability in 2025
Negative
  • None.

TORONTO, Sept. 24, 2024 /PRNewswire/ - Newtopia Inc. ("Newtopia" or the "Company") (TSXV: NEWU) (OTCQB: NEWUF), a tech-enabled habit change provider focused on preventing, slowing, and reversing metabolic disease, is pleased to announce a new Framework Agreement with a supplemental insurance payvider ("Payvider") to offer its proven habit change platform to thousands of U.S. workers as a fully-covered benefit starting in 2025.

This exciting new partnership exposes the company to an entirely new channel of business in supplemental insurance with a Payvider that is consistent with Newtopia's own mission, dedicated to cultivating whole health and wellbeing in its members. The Payvider's platform already serves some of US industry's largest employers, which, together, represent millions of workers. As a fully-covered benefit on the platform, Newtopia will provide its best-in-class habit change platform, combining personalized coaching, nutrition, exercise and mental & emotional well-being support, to the approximately 50% of plan members at risk of metabolic disease, with no out-of-pocket costs to the individuals served. Plan members will also have access to Newtopia's rapidly growing GLP-1 companion offerings, GLP-1 Ally and GLP-1 Sustain, which are designed to help individuals taking GLP-1 medications maintain their clinically significant weight loss and healthier lifestyles – even when they transition off of the medication entirely.

"We are delighted to work with this innovative supplemental insurance payvider to prevent, reverse and slow chronic metabolic disease at scale," said Jeff Ruby, Founder and CEO of Newtopia. "This partnership reflects a win for our diversified growth strategy of selling to employers, payers and value-based providers, and, based on Newtopia's historic success with enrolling up to 5% of at-risk individuals, it has the potential to meaningfully accelerate our progress toward cash flow positivity and profitability in 2025."

About Newtopia

Newtopia is a personalized whole health platform helping people create positive lifelong habits that prevent, slow, or reverse chronic disease while reducing healthcare costs. The platform leverages genetic, social and behavioral insights to create individualized prevention programs with a focus on metabolic disease, diabetes, mental health challenges, hypertension, weight management and musculoskeletal disorders. With a person-centered approach that combines virtual care, digital tools, connected devices and actionable data science, Newtopia delivers sustainable clinical and financial outcomes. Newtopia serves some of the largest nationwide employers and health plans and is currently listed in Canada on the TSX Venture Exchange (TSXV: NEWU) and is quoted in the US on the OTCQB® Venture Market (OTCQB: NEWUF). To learn more, visit newtopia.comLinkedIn or X.

Forward Looking Statements

This news release contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, and forward looking statements, within the meaning of applicable United States securities legislation (collectively, "forward-looking statements"), which reflects management's expectations regarding Newtopia's future growth, results from operations (including, without limitation, future production and capital expenditures), performance (both operational and financial) and business prospects and opportunities. Wherever possible, words such as "predicts", "projects", "targets", "plans", "expects", "does not expect", "budget", "scheduled", "estimates", "forecasts", "anticipate" or "does not anticipate", "believe", "intend" and similar expressions or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. All statements other than statements of historical fact may be forward- looking information. Such statements reflect Newtopia's current views and intentions with respect to future events, based on information available to Newtopia, and are subject to certain risks, uncertainties, and assumptions. Material factors or assumptions were applied in providing forward-looking information. While forward-looking statements are based on data, assumptions and analyses that Newtopia believes are reasonable under the circumstances, whether actual results, performance or developments will meet Newtopia's expectations and predictions depends on a number of risks and uncertainties that could cause the actual results, performance and financial condition of Newtopia to differ materially from its expectations. Forward-looking statements are not a guarantee and are based on a number of estimates and assumptions management believes to be relevant and reasonable, whether actual results, performance or developments will meet Newtopia's expectations and predictions depends on a number of risks and uncertainties that could cause the actual results, performance and financial condition of Newtopia to differ materially from its expectations. Certain of the "risk factors" that could cause actual results to differ materially from Newtopia's forward-looking statements in this press release include, without limitation: the termination of contracts by clients, risks related to COVID-19 including various recommendations, orders and measures of governmental authorities to try to limit the pandemic, including travel restrictions, border closures, non-essential business closures, quarantines, self-isolations, shelters- in-place and social distancing, disruptions to markets, economic activity, financing, supply chains and sales channels, and a deterioration of general economic conditions including a possible national or global recession; and other general economic, market and business conditions and factors, including the risk factors discussed or referred to in Newtopia's disclosure documents, filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedarplus.ca including Newtopia's final long form prospectus dated March 30, 2020.

For more information on these risks please see the "Risk Factors" in Newtopia's final long-form prospectus dated March 30, 2020. Should any factor affect Newtopia in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, Newtopia does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this news release is made as of the date of this news release, and Newtopia undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/newtopia-signs-framework-agreement-with-supplemental-insurance-payvider-to-offer-its-proven-habit-change-platform-to-thousands-of-us-workers-as-a-fully-covered-benefit-302256931.html

SOURCE Newtopia Inc.

FAQ

What is the new partnership Newtopia (NEWUF) has announced?

Newtopia has signed a Framework Agreement with a supplemental insurance payvider to offer its habit change platform as a fully-covered benefit to thousands of U.S. workers starting in 2025.

How will Newtopia's (NEWUF) services be offered under this new agreement?

Newtopia's services will be offered as a fully-covered benefit with no out-of-pocket costs to approximately 50% of plan members at risk of metabolic disease.

What additional services will be available to plan members under Newtopia's (NEWUF) new agreement?

Plan members will have access to Newtopia's GLP-1 companion offerings, GLP-1 Ally and GLP-1 Sustain, designed to help maintain weight loss and healthier lifestyles.

When will Newtopia (NEWUF) start offering its services under this new agreement?

Newtopia will start offering its services under this new agreement in 2025.

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