Axeda Licenses Device Relationship Management System to IDEXX Laboratories.Business Editors/High-Tech Writers MANSFIELD, Mass.--(BUSINESS WIRE)--Aug. 22, 2003 Enables Proactive Remote Diagnostics Vehicle Diagnostics Vehicle diagnostics enables a mechanic to diagnose the exact mechanical condition of the vehicle and its systems and components. Remote Diagnostics enables to perform such diagnosis without requiring the vehicle to physically be present for checkup. to Improve Customer Service of In-Clinic Veterinary Diagnostic Instruments Axeda Systems 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 :XEDA), the world's leading provider of device relationship management (DRM (1) (Digital Radio Mondiale) A digital audio broadcasting (DAB) system for AM radio in Europe. See HD Radio. (2) (Digital Rights M ) enterprise software and services, today announced that IDEXX Laboratories IDEXX Laboratories, Inc. or IDXX NASDAQ: IDXX is a multinational corporation engaged in the development, manufacture, and distribution of products and services for the veterinary, food, and water testing markets. Inc. (NASDAQ:IDXX), a world leader in veterinary diagnostics, has licensed the Axeda(R) Device Relationship Management System(TM) to explore the capability of proactive monitoring, service, and support of its LaserCyte(TM) Hematology System. With Axeda DRM(TM), LaserCyte users can benefit from improved instrument uptime and performance. IDEXX service professionals can benefit from real-time access to critical instrument status and diagnostic information, enabling them to provide better customer service, faster and at a lower cost. Licensing of the Axeda DRM System will allow IDEXX to explore the potential of these features to most effectively serve its customers. The Axeda DRM System is a distributed enterprise software solution that allows service organizations to proactively monitor, diagnose, repair and re-supply intelligent devices when remotely deployed at customer sites. The Axeda DRM System ensures the secure transmission of instrument data via the Internet from remote instruments to service representatives, alerting them if an instrument is operating outside preset preset Cardiac pacing A parameter of a pacemaker that is programmed permanently when manufactured performance standards. "We believe that Axeda DRM can enhance the value of the LaserCyte Hematology System by enabling us to assist veterinarians Veterinarians and veterinary surgeons (vets) are medical professionals who operate exclusively on animals. Well-known and notable veterinarians include:
"At Axeda we share IDEXX's commitment to quality, innovation and excellence," said Robert M. Russell, Jr., chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Axeda Systems. "It is a natural extension of the success of Axeda DRM in the medical instrumentation market to work with IDEXX in veterinary diagnostics. We are pleased to enable IDEXX to drive new proactive services and gain significant competitive advantage." The LaserCyte Hematology System provides comprehensive hematological hematological, hematologic pertaining to or emanating from blood cells. hematological tests total and differential white cell counts, hematocrit estimation, erythrocyte count. diagnostic information using laser-flow cytometry in a completely automated system designed specifically for veterinary practices. The system enhances the ability of veterinarians to diagnose health issues in real-time during the pet examination by providing hematology information previously unavailable in-clinic. Axeda DRM helps support organizations, minimize time on the phone, reduce the number of costly, unscheduled unscheduled Adjective not planned or intended Adj. 1. unscheduled - not scheduled or not on a regular schedule; "an unscheduled meeting"; "the plane made an unscheduled stop at Gander for refueling" or unnecessary service visits, and increase equipment uptime to further enhance customer productivity and satisfaction. Axeda DRM also enables new, high-value managed-service offerings such as automated consumable A material that is used up and needs continuous replenishment, such as paper and toner. "The low-tech end of the high-tech field!" replenishment, system software upgrades, and pay-for-use billing approaches. Ultimately, Axeda DRM enables full-lifecycle feedback that can be used to benefit multiple parts of the business, including product development, marketing, sales, operations and manufacturing. About Axeda(R) Axeda Systems Inc. (NASDAQ:XEDA) is the world's leading provider of device relationship management (DRM) enterprise software and services. Axeda helps businesses become more competitive by using the Internet to extract real-time information hidden in their intelligent devices. The Company's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , the Axeda(R) Device Relationship Management System(TM), is a distributed software solution that lets businesses remotely monitor, manage, and service intelligent devices, deployed around the world, allowing them to optimize their service, development, sales, and manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. . Axeda customers include Global 2000 companies in many markets including Medical Instrument, Enterprise Technology, Printer and Copier, and Industrial and Building Automation Equipment. Axeda has sales and service offices in the US, Europe, and Japan, and distribution partners worldwide. More information about Axeda is available at www.axeda.com. About Device Relationship Management Today's "intelligent" devices - such as medical instruments, computers and storage systems, printers and copiers, energy systems, building control units, and industrial equipment - are an important new source of business information. Device Relationship Management (DRM) systems allow companies to tap into valuable device performance and usage information any time, anywhere. Pioneered by Axeda, DRM technology provides a distributed information management system that leverages the Internet to allow timely, accurate and unbiased information to be communicated directly and automatically between intelligent devices, wherever they are deployed around the world, and service personnel or enterprise business systems. DRM helps turn reactive businesses into proactive businesses operating with increased efficiency at lower costs and generating new sources of revenue, with an ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). that is often measured in months. About IDEXX Laboratories, Inc. IDEXX Laboratories, Inc. (NASDAQ:IDXX), is a worldwide leader in the development and commercialization of innovative, technology-based products and services for animal health. The company's largest business is focused on companion animal health, combining biotechnology, medical device technology and information technology to aid veterinarians in providing better medicine while building successful practices. IDEXX Laboratories is also focused on employing innovative technologies to monitor production animal health and the safety and quality of drinking water drinking water supply of water available to animals for drinking supplied via nipples, in troughs, dams, ponds and larger natural water sources; an insufficient supply leads to dehydration; it can be the source of infection, e.g. leptospirosis, salmonellosis, or of poisoning, e.g. and milk. Headquartered in Westbrook, Maine Westbrook is a city in Cumberland County, Maine, United States. The population was 16,142 at the 2000 census. Originally part of Falmouth, the settlement once known as Saccarappa was incorporated as Stroudwater in 1814, but soon changed its name to Westbrook, after an early , IDEXX Laboratories employs over 2,400 people and offers products to customers in more than 100 countries. More information about IDEXX is available at www.idexx.com. (C) 2003 Axeda Systems. All rights reserved. Axeda, Axeda Systems, Axeda DRM, Axeda Device Relationship Management System, Axeda Agents, Axeda Applications, Axeda Enterprise, Axeda Software Management, Axeda Policy Manager, Axeda Supervisor, Automatic eCommerce, Firewall-Friendly, and Access. Insight. In Real Time. are trademarks or registered trademarks of Axeda Systems. All other trademarks are either property of Axeda Systems or property of their respective owners. This press release may contain certain forward-looking statements that relate to Axeda's future performance. These forward-looking statements include, but are not limited to, those regarding Axeda's products and markets, product functionality in future installations and benefits derived therefrom there·from adv. From that place, time, or thing. Adv. 1. therefrom - from that circumstance or source; "atomic formulas and all compounds thence constructible"- W.V. , and may include implied statements concerning market acceptance of our products, and our growing leadership role in the market. Such statements are subject to a number of risks and uncertainties that may cause the actual events or future results to differ from those discussed herein. Such factors include: our customers' ability to implement or integrate Axeda's DRM solutions successfully and in a timely fashion, or achieve benefits attributable to Axeda's DRM solutions; uncertainties in the market for DRM products and the potential for growth in the DRM market; the long sales cycle for DRM products; limited distribution channels; the difficulty of protecting proprietary rights; present and future competition; and Axeda's ability to manage technological change and respond to evolving industry standards. Investors are advised to read Axeda's Annual Report on 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. and quarterly reports on Form 10-Q Form 10-Q See 10-Q. filed with the Securities and Exchange Commission, particularly those sections entitled "Factors Affecting Operating Results" and "Risk Factors" for a more complete discussion of these and other risks and uncertainties. Axeda assumes no obligation to update the forward-looking information contained in this press release. This press release contains forward-looking statements regarding IDEXX as defined in 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. These statements are based on management's current expectations of future events, which are subject to risks and uncertainties. If underlying assumptions prove inaccurate, actual results could vary materially from management's expectations. Risks and uncertainties include timing and success of new product introductions, competition and technological change, government regulation and obtaining government approvals, product demand and market acceptance of products, availability of products and raw materials, and litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. . A further description of these risks and uncertainties and other factors can be found in the Company's Annual Report on Form 10-K for the year ended December 31, 2002 and the Quarterly Report on Form 10-Q for the quarter ended June 30, 2003, in the section captioned "Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of Financial Condition and Results of Operations." 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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