Company targeting Southeast Asia's largest economy with its Ezovion, Ziloy.ai and neurotechnology platforms and evaluating local partnership and joint venture structures. The targeted pipeline is an internal management estimate and is not contracted revenue or financial guidance. PLEASANTON, Calif. , Nov. 2, 2026 /PRNewswire/ -- 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. Highlights Opportunity pipeline: Estimated at approximately USD 20–45 million over the next 24–36 months. The estimate reflects the unweighted aggregate potential contract value of opportunities under active discussion, proposed pilots and prospective partnerships. It is not contracted revenue, backlog or guidance, and some or all of these opportunities may not result in definitive agreements or revenue. Market: Indonesia, with more than 280 million people, is Southeast Asia's largest economy. Its healthcare market was valued at approximately USD 11.6 billion in 2024 and its e-health market at approximately USD 3.5 billion , according to Nexdigm. Three platforms: Ezovion (hospital information management and electronic health records), Ziloy.ai (digital mental health and employee wellness) and the Company's neurotechnology devices and solutions (neuroscience and brain mapping), giving the Company several entry points with the same customers. Go-to-market: Engagements with government stakeholders, hospital networks, wellness organizations, consulting partners and technology providers. The Company is evaluating partnership and joint venture structures with local partners. Current activity: Discussions are in progress on neurotechnology pilot deployments, Ziloy.ai employee wellness programs and Ezovion-based hospital digitization projects. Why Indonesia Indonesia's healthcare sector is being shaped by the expansion of national health coverage through BPJS Kesehatan, rising healthcare spending, hospital modernization, private healthcare investment and growing adoption of telemedicine, electronic medical records, interoperability platforms and AI-enabled services. The Company believes these trends support demand for integrated digital health, wellness and preventive-care solutions. Platform Portfolio Ezovion — an AI-enabled healthcare information management platform covering hospital information management (HIMS), EHR/EMR, telemedicine, revenue cycle management, interoperability and population health. Ziloy.ai — a digital mental health and wellness platform focused on employee wellbeing, preventive care, longevity and citizen engagement. Neurotechnology — devices and solutions for neuroscience applications, including brain mapping. The devices will require registration with Indonesian health authorities before commercial sale; no such registration has yet been obtained. Pipeline and Path to Revenue Quantum Nexis's engagements in Indonesia span hospital information management systems, EHR/EMR, healthcare interoperability, government digital health programs, mental health and employee assistance programs (EAP), neuroscience and brain mapping, wellness and longevity centers, public-private partnerships and healthcare innovation centers. The pipeline estimate is based on these engagements and on management's assessment of potential contract values and timing. Many of the opportunities are at an early stage, and government and hospital procurement can take a long time and involve competitive tenders. Converting the pipeline into revenue will depend on, among other things, signing definitive agreements, completing pilots successfully, obtaining any required regulatory approvals and establishing local delivery capability. Management Commentary " Indonesia is a strategically important market for us," said David Ayanoglou , Chief Financial Officer of Healthcare Triangle, Inc. "Quantum Nexis has built relationships with government, healthcare, wellness and strategic partners. Our priority now is execution: converting these engagements into signed contracts and recurring revenue and building Indonesia into a core part of our ASEAN strategy." About Healthcare Triangle Healthcare Triangle, Inc. (Nasdaq: HCTI), headquartered in Pleasanton, California , provides digital transformation, AI and cloud-related services to healthcare, life sciences and other enterprise customers through its operating businesses, including its subsidiary