Astro-Med Receives FDA Clearance for Powerful, Low-Cost System for Sleep and EEG Studies.Business Editors WEST WARWICK, R.I.--(BUSINESS WIRE)--Jan. 14, 2003 The Grass-Telefactor Product Group of Astro-Med, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ALOT ALOT Allotment ALOT Adaptive Large Optics Technologies ALOT Airborne Lightweight Optical Tracking ALOT Maybe you're looking for the two word phrase 'a lot' meaning many? ) announced today that they have received FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. clearance to market and sell their new Comet(TM) system for sleep and EEG EEG: see electroencephalography. studies. The compact system provides up to 50 channels for recording and analysis of sleep data. Comet combines powerful, yet easy-to-use TWin(R) software with new state-of-the-art amplifiers to make it an extraordinarily flexible system for sleep study or EEG applications. The company believes the Comet will make significant inroads inroads Noun, pl make inroads into to start affecting or reducing: my gambling has made great inroads into my savings inroads npl to make inroads into [+ in the rapidly growing sleep study (PSG PSG, n polysomnograph; polygraph performed during sleep. Physiological variables such as pulse, blood pressure, and respiration are monitored and charted. ) market. Following in the successful footsteps of the Albert Grass Heritage(R) PSG, the portable Colleague(TM) PSG, and the highly acclaimed Aurora(R) PSG, the Comet offers features unique to the Grass-Telefactor product line. The FDA clearance covers all intended uses for the Comet, including routine EEG and overnight sleep recording. The sleep study market is growing at an annual rate in excess of 20%. Many sleep disorders that have gone undiagnosed in patients for years are now easily diagnosed and treated utilizing today's technologies. The Comet PSG, as well as other Grass-Telefactor models, are rapidly becoming instruments of choice in the sleep study arena. "The Comet PSG truly represents a breakthrough in size, performance, and price." says Everett Pizzuti, 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. . The Grass-Telefactor Product Group of Astro-Med designs, manufactures, and sells advanced systems for EEG and PSG (sleep monitoring), Long Term Epilepsy monitoring, and OR/ICU neuromonitoring, as well as supplies, accessories, and a broad range of products for neurophysiological research. Safe Harbor Statement This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include those mentioned in Astro-Med's FY2002 annual report and its annual and quarterly filings with the Securities and Exchange Commission. |
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