wellteq Digital Health Inc. announced the commencement of a five-year license of a globally-recognized virtual Cognitive Behavioural Therapy (eCBT) program. Designed by a anxiety organisation and mental health provider, the eCBT program further expands the Company's comprehensive and scalable suite of digital coaching programs that can be delivered worldwide. Cognitive Behavioural Therapy is the leading evidence-based, non-pharmacological modality for mental health management and care.

Mental health is the growth subsector of healthcare and is estimated by the World Health Organisation, to cost more than $1 trillion per year globally, with a Lancet Commission report predicting that cost will rise to $6 trillion by 2030. The benefits of eCBT extend far beyond primary condition treatment. People living with chronic physical conditions ofen experience emotional stress and chronic pain, which are both associated with the development of depression and anxiety.

wellteq's new eCBT solution will supplement the Company's existing mental health programs, as well as deepen the Company's digital coaching offering across the four pillars of behavioural health: mind, activity, sleep, and nutrition. wellteq offers a complete experience that spans the continuum of care by expanding into eCBT programs, machine intelligence and personalised virtual coaching. From connected wellness to integrated healthcare, the Company is continuously improving by securing gold-standard partnerships, acquisitions, and licensing agreements.

This includes the acquisition of a sleep chronotype profiling perpetual licence, and the Company's partnership with Monash University to commercialise sleep assessment technology and coaching solutions to combat fatigue, insomnia and burnout in shift worker employees. The digital health industry is experiencing rapid growth and is projected to continue to do so with a compound annual growth rate (CAGR) of 15.1% from 2021 to 2028. On average, 64% of healthcare leaders are already investing in telehealth.

The adoption of digital healthcare solutions has been accelerated by the global COVID-19 pandemic and virtual care is being increasingly integrated into healthcare systems globally. Experts predict that within just three years, 45% of care outside the hospital will occur in the home - up from 19% in 2021.