Rite Aid Announces Results of First-Ever Rite Aid Innovation Challenge

Rite Aid's first-ever Innovation Challenge has selected the Tri-Tip Walking Cane, an ergonomic walking cane, for development and sale.

PRESS RELEASE

Camp Hill, Pa. (February 29, 2016) - Rite Aid's first-ever Innovation Challenge has selected the Tri-Tip Walking Cane, an ergonomic walking cane, for development and sale in Rite Aid stores and online at

www.riteaid.com

. Created by Jamie Jordan, an engineer based in Grapevine, Texas, the Tri-Tip Walking Cane features three legs that function independently for added stability and also uses a spring-loaded, shock absorbing system, alleviating hand, wrist, shoulder and back pain commonly associated with use of a traditional walking cane.

"We congratulate and thank Jamie for participating in Rite Aid's first-ever Innovation Challenge," said David Abelman, Rite Aid executive vice president of marketing. "Rite Aid is excited to introduce the Tri-Tip Walking Cane to customers as part of our existing home health care offering, and we think it will be well received by patients and customers who use canes, as well as caregivers, as a safe solution for maintaining daily mobility."

Rite Aid's Innovation Challenge yielded more than 700 submissions from both Rite Aid associates as well as consumers. All submissions went through an extensive eight stage evaluation process conducted by Edison Nation Medical. Rite Aid partnered with Edison Nation Medical, a leader in consumer and healthcare innovation, to conduct a nationwide search for original product ideas to improve the health and wellbeing of Rite Aid customers.

"We are pleased that Rite Aid has selected the Tri-Tip Walking Cane as the first product to be introduced to their customers," explained Gregg Smith, Edison Nation Medical partner and chief investment officer. "Creating more effective, efficient and safer healthcare through open innovation is Edison Nation Medical's stated mission and Rite Aid's adoption of the Tri-Tip Walking Cane is a perfect example of that mission being brought to life."

Rite Aid expects the product to be available to customers in stores and online at

www.riteaid.com

later this year.