ALARIS Medical Systems' Instromedix Division signs Distribution Agreement with Nihon Kohden America.Business Editors/Health & Medical Writers SAN DIEGO--(BW HealthWire)--Aug. 8, 2000 ALARIS Medical Inc. (AMEX AMEX See: American Stock Exchange :AMI) announced today that the Instromedix(R) Division of its wholly owned operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. , ALARIS Medical Systems Inc., has signed a three-year distribution agreement with Nihon Kohden America Inc., a Nihon Kohden Corp. subsidiary. Under the terms of the agreement, Instromedix will distribute Nihon Kohden's advanced line of 12-lead electrocardiographs, including a high-end stress system in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Hitoshi Adachi, president of Nihon Kohden America, "We are very pleased to expand our sales distribution channels for our advanced line of electrocardiographs, with the highly-experienced and focused sales team from Instromedix. We are optimistic that the synergy between our companies and products will result in strong growth opportunities for both Instromedix and Nihon Kohden America." Dave Bondietti, division vice president and general manager of Instromedix, shares Adachi's enthusiasm. "Adding Nihon Kohden's electrocardiographs broadens our product line, allowing us to offer the cardiologist a full array of diagnostic equipment. It also represents a growth opportunity for both companies." Founded in 1951 under the motto of "fighting disease with electronics," Nihon Kohden Corp. has been dedicated to improving health care through medical engineering for nearly 50 years. Nihon Kohden Corp. is Japan's leading manufacturer, developer and distributor of medical electronic equipment with subsidiaries in the United States, Europe and Asia and distributors in nearly every country in the world. It is a publicly held company listed in the Tokyo Stock Exchange Tokyo Stock Exchange Main stock market of Japan, located in Tokyo. It opened in 1878 to provide a market for the trading of government bonds newly issued to former samurai. with revenues of $500 million annually. Instromedix(R) is a leader in telecardiology, specializing in non-invasive, portable cardiac event monitoring and pacemaker follow-up systems. Instromedix products include the CarryAll(R) pacemaker follow-up system and the HeartCard(R) and King of Hearts Express(R) cardiac event cardiac event Coronary event Cardiology Any severe or acute cardiovascular condition including acute MI, unstable angina, or cardiac mortality recording product lines. Instromedix(R) was acquired by ALARIS Medical Systems(TM) in July 1998. Additional information on Instromedix(R) can be found at www.instromedix.com. ALARIS Medical Inc., through its operating subsidiary ALARIS Medical Systems Inc., is known for its IMED IMED International Medical Education Directory (R) and IVAC IVAC Islington Voluntary Action Council (England, UK) IVAC Insert Valid Access Card (satellite TV hacking) IVAC International Video & Audio Convention IVAC Idle Air Control Valve (R) brand names of intravenous infusion therapy systems and Instromedix(R) cardiac event recorders and pacemaker follow-up systems. The company's principal line of business is the design, manufacture and marketing of intravenous infusion therapy products, patient monitoring instruments and related disposables. In addition to its San Diego world headquarters and manufacturing facility, the company also operates manufacturing facilities in Creedmoor, N.C.; Basingstoke, Hampshire, UK; and Tijuana, Mexico. Additional information on ALARIS Medical can be found at www.alarismed.com. This news release contains forward-looking statements as defined in the Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Persons reading this release are cautioned that such forward-looking statements involve risks and uncertainties, including the effect of legislative and regulatory changes affecting the health care industry, the potential of increased levels of competition, technological changes, the dependence of the company upon the success of new products and ongoing research and development efforts including obtaining regulatory approvals, restrictions contained in the instruments governing the company's indebtedness, and the significant leverage to which the company is subject. Such risk factors are detailed in the Securities and Exchange Commission filings of ALARIS Medical Inc., including Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended Dec. 31, 1999. The company assumes no obligation to update any forward-looking statements as a result of new information or future events or developments. |
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