Healthcare Triangle, Inc. (Nasdaq: HCTI) ("HCTI" or the "Company"), a provider of digital transformation, AI and cloud solutions for healthcare and life sciences, today announced an update on its expansion into Indonesia through its wholly owned subsidiary, Quantum Nexis Inc. ("Quantum Nexis"). Based on its engagements to date, Quantum Nexis has identified an estimated opportunity of approximately USD 45 million of potential cumulative business across hospital, government, enterprise wellness and neuroscience programs. As of the date of this release, the Company has not entered into definitive agreements for these opportunities, which are at various stages of the sales cycle.

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