Quipt Announces the Passing of Board Member Eugene Ewing

CINCINNATI, Jan. 12, 2022 (GLOBE NEWSWIRE) – Quipt Home Medical Corp. (“Quipt” or the “Accompaniment“(NASDAQ: QIPT; TSXV: QIPT), a US-based leader in the home medical device industry focused on end-to-end ventilation, sadly announces the death of Eugene Ewing, Independent Director and Chairman of the Audit, known committee. Mr. Ewing was an accomplished and experienced public company executive with extensive knowledge of a variety of industry groups.

“We will miss Eugene’s wealth of experience, business acumen and strategic leadership very much. Eugene has been an integral part of our goal of building a world-class respiratory disease company in the United States, and his contributions over the years are not forgotten. On behalf of the Board of Directors and the entire Quipt team, I would like to express my condolences to Eugene’s family, “said Greg Crawford, Chairman and CEO of Quipt. “Our management team is extremely excited about the future and we will continue to move forward with this sad news.”

Before Mr. Ewing passed away, the Board of Directors began to identify highly qualified candidates for inclusion on the Board of Directors and currently has a narrower list of candidates. The Board of Directors focuses on identifying a candidate for the roles of Independent Director and Chair of the Audit Committee.

Mr. Ewing was a member of the Quipt Board and Chairman of the Audit Committee since September 2018. Mr. Ewing has over 30 years of professional experience in a variety of executive positions as the independent director of a New York Stock Exchange company focused on creating sustainable. concentrates food, feed and fuel solutions from organic by-products. He also served as an independent director for a separate company listed on the New York Stock Exchange that owns and manages controlling interests in a diverse family of established North American midsize companies.

In addition to his work as a stock corporation, Mr. Ewing has been a managing member of Deeper Water Consulting, a private asset and management consultancy, since March 2004. Mr. Ewing previously held senior positions at Fifth Third Bank and was a tax partner at Arthur Andersen LLP in Cincinnati, Ohio for over 15 years. Mr. Ewing also served on the Advisory Board of the Von Allmen School of Accountancy at the University of Kentucky and served as the director of a Wyoming-based private trust company and a California-based private consulting firm.

ABOUTQUIPTHOMELANDMEDICALCORP.

The company provides home monitoring and disease management services, including end-to-end ventilation solutions for patients in the US healthcare market. It seeks to further expand its offering to include the treatment of multiple chronic disease conditions with an emphasis on patients with heart or lung disease, sleep disorders, reduced mobility, and other chronic health conditions. The company’s primary business goal is to create shareholder value by offering a wider range of services to patients in need of home monitoring and chronic disease management. The company’s organic growth strategy is to increase annual revenue per patient by offering multiple services to the same patient, consolidating patient services, and making patient life easier.

Future-orientedstatement

For more information, please visit our website at www.Quipthomemedical.com or contact:

Cole Stevens
Vice President for Corporate Development
859-300-6455
cole.stevens@myquipt.com

Gregory Crawford
managing Director
Quipt Home Medical Corp.
859-300-6455
investorinfo@myquipt.com

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


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