ALR Technologies Inc. Announces Headquarters Move to Winston-Salem.Business/Technology Editors WINSTON-SALEM, NC--(BUSINESS WIRE)--Dec. 13, 2001 ALR ALR Administrative License Revocation ALR Agricultural Land Reserve (Canada) ALR Automatic Locking Retractor (seat belts) ALR Australian Law Reports (University of Tasmania Library) Technologies Inc. (ALR Tech), is pleased to announce plans to move the company's headquarters from Bellingham, WA to Winston-Salem, NC. ALR Tech designs, markets and distributes technology-based products, whose purpose is to help achieve optimum effectiveness of pharmaceuticals. The company's products include prescription administration reminder devices that can help reduce the problem of noncompliance noncompliance failure of the owner to follow instructions, particularly in administering medication as prescribed; a cause of a less than expected response to treatment. noncompliance (1) in the administration of medication and, in doing so, can contribute to patients' improved health and well-being. "ALR Tech has an incredibly bright future ahead of them and will be a welcome addition to Winston-Salem's burgeoning biomedical technology Biomedical technology involves the application of engineering and technology principles to the domain of living or biological systems. Usually biomedical denotes a greater stress on problems related to human health and diseases. community," said Peggy Low, Senior Vice President of Technology at the Winston-Salem Chamber of Commerce. ALR Tech's medication reminder products take the "worry of forgetting" out of the cycle of prescription administration. As a reminder to administer or take a medication on schedule, the ALRT ALRT Alert ALRT Advanced Light Rapid Transit ALRT Average Likelihood Ratio Test (TM) Medication Reminder Products can help optimize a drug's therapeutic benefit. ALR Tech's products feature microchip technology  Microchip Technology (NASDAQ: MCHP) is a manufacturer of microcontroller, memory and analog semiconductors, founded in 1989 when and unique single-button one-touch programming or PC programming at affordable prices. 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. Stan Cruitt, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of ALR Tech, "The move to Winston-Salem will provide the company with closer proximity to key customer targets and health care industry opinion leaders. We also see synergistic growth opportunities with the proven leadership and research capabilities of Wake Forest School of Medicine and with the technology-related medical companies that have established operations bases in the area". The move is expected to be completed by February of 2002. ALR Tech has included three area business leaders on its eight member advisory board. Two are affiliated with Wake Forest University, Dr. William Lorentz, MD, Department Head of Pediatric pediatric /pe·di·at·ric/ (pe?de-at´rik) pertaining to the health of children. pe·di·at·ric adj. Of or relating to pediatrics. Nephrology nephrology Branch of medicine dealing with kidney function and diseases. An understanding of kidney physiology is important not only in treating kidney disease but in knowing the effect of drugs, diet, and hypertension on kidney disease, and vice versa. at Wake Forest University Baptist Medical Center This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. and the Medical Director of MedCost Inc. and Ron Small, Director of Pharmacy, Wake Forest University Baptist Medical Center. The third local advisory board member is Betsy Pearce, Chief Operating Officer and Vice President of Niblock Financial Systems. Mr. Cruitt, a former executive with Novartis, a global pharmaceutical giant, was honored in 1996 by Advertising Age and Newsweek as one of the top marketers in the US. Mr. Cruitt joined ALR Tech in March of 2000 and has directed the overhaul of the product portfolio to meet what consumers say they want most in a medication reminder: ease of use, reliability and affordability. "I'm very pleased with our decision on the move to Winston-Salem." says Sidney Chan, Chairman and Chief Executive Officer of ALR Tech, "We look forward to being a partner with the community and are excited about the business growth opportunities given the strength of the medical/healthcare community in the area". The company recently announced that eight separate models for the human pharmaceutical market have been finalized and are ready for commercial production. Contacts with key customer targets such as pharmacy chains, pharmaceutical manufacturers, contract research organizations and managed care organizations are underway. Final selection of the Winston-Salem headquarters location will be made within the next month. Traded on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. , ALR Tech can be found under the symbol "ALRT". For additional information and to view the product portfolio go to the company website at www.alrt.com or contact them at info@alrt.com. (1) Noncompliance is the failure to take or administer medications as prescribed. It is prevalent in the administration medications and it carries serious implications both in the pharmacological impact of poor patient outcome because of sub-optimal therapeutic response and in the increased cost burden to society for unnecessary or preventable hospital admissions. It is estimated that over $70 billion is spent annually by caregivers to treat medical problems caused by noncompliance. |
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