Queensland Department of Health to Provide Significant Funding for Deployment of SIM(TM)

SYDNEY, AUSTRALIA--(Marketwired - Oct. 14, 2015) - Simavita Limited (ASX:SVA) (TSX VENTURE:SV) ("Simavita" or the "Company"), a global leader in the digital healthcare sector, is pleased to announce that funding for the supply its Smart Incontinence Management (SIM™) technology to the rehabilitation wards of two large public hospitals in Queensland has been approved following successful applications made under the Queensland Department of Health's New Technology Funding and Evaluation Program ("NTFEP".)

The NTFEP encourages innovation and the appraisal of new health technologies in Queensland. Its objectives include:

• Introducing safe and effective health technologies;
• Ensuring equitable patient access to health services;
• Improving patient flow through acute health services;
• Decreasing elective surgery waiting lists for acute health services; and
• Enhancing service delivery for the major hospital redevelopment projects underway across Queensland.

Under the NTFEP, successful applications to use SIM™ were registered by two large Queensland hospitals who will deploy the technology throughout their rehabilitation wards. The use of SIM™ in this setting, as opposed to a traditional aged care setting, represents an outstanding new opportunity for the SIM™ technology, which could be repeated in additional hospital settings across Australia and potentially across other markets such as North America and Europe where SIM™ is currently being rolled out.

Pursuant to the contract, funding totalling $469,450 will be paid by NTFEP to the two hospitals to fund the deployment of the SIM™ technology across their rehabilitation wards during the 2016 and 2017 financial years. Details of the deployment are currently being agreed between Simavita and the hospitals.

"In this situation, SIM™ has been sought out by two of Queensland's leading hospitals who have identified its potential to assist patients undergoing rehabilitation and to shorten their hospital stays. We are delighted that the acute care market has recognised the benefits that SIM™ can deliver to patients, and will continue to work with hospitals and rehabilitation facilities in Australia to further address this significant alternative market and the patient and cost benefits it can provide", said Simavita CEO, Philippa Lewis.

"We are proud to be recognised by the NTFEP as a leading provider of unique technology to the health care sector, and that with this NTFEP funding, these hospitals can now implement technology that will, where possible, help manage and improve their patients' incontinence with the support of SIM™", Mrs. Lewis continued.

For further information, see our website (www.simavita.com) or contact the persons outlined below.

About Simavita

Simavita is a digital healthcare company that has developed an innovative software platform. The first application for the platform is a world first solution for the management of urinary incontinence, with a focus on the elderly. This platform technology is an instrumented incontinence assessment application that provides evidence-based incontinence management care plans to the residential aged care market.

About SIM™

SIM™ is a wireless sensor technology that delivers evidence-based instrument incontinence data on individuals. SIM™ provides user friendly tools and software to assess the incontinence condition and to help plan better outcomes. SIM™ is used to detect, record and report incontinence events during a compulsory or recommended assessment period in residential aged care facilities to develop an evidence-based incontinence care plan.

Conducting assessments is mandatory in many countries and the incontinence assessment creates an influential element of care of each individual. For more information on Simavita or SIM™, please visit www.simavita.com.

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