Cardiac Science Contracts With RELA Inc. to Manufacture Its Automatic External Cardioverter Defibrillator.IRVINE, Calif.--(BW HealthWire)--Oct. 7, 1997--Cardiac Science Inc. (OTC/BB:DFIBD) announced that it has entered into an agreement with RELA Inc., a medical device manufacturer, to complete the development and begin production of the commercial model of Cardiac Science's automatic external cardioverter defibrillator called the Powerheart. "RELA is an established and well-respected medical device developer and manufacturer. They have a reputation for fulfilling exact product requirements and for meeting schedules in a timely manner," said Raymond W. Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. , president 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. . "We anticipate out-sourcing to RELA will enable us to enter the market sooner and will reduce production expenditures." RELA's manufacturing facility complies with ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 90001, EN 46001 and the FDA's quality system standards. RELA, located in Boulder, Colo., has operated since 1977, and is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Colorado MEDtech Inc., a publicly held company (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 :CMED). Cardiac Science is committed to developing proprietary devices that increase the survival rates of cardiac arrest victims. In February 1997, the company filed a 510(k) with the U.S. Food and Drug Administration for the Powerheart automatic external cardioverter defibrillator (AECD AECD Automatic external cardioverter-defibrillator A device that monitors cardiac rhythm and automatically defibrillates ), a non-invasive, hospital bedside device that monitors and detects life-threatening heart rhythms and automatically administers a defibrillation Defibrillation Definition Defibrillation is a process in which an electronic device sends an electric shock to the heart to stop an extremely rapid, irregular heartbeat, and restore the normal heart rhythm. shock without human intervention should a patient suffer cardiac arrest. Sale of the Powerheart in the United States is subject to clearance from the 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. . Cardiac Science also manufactures PC-based Holter ECG systems and Holter recorders and distributes these products in the United States and in more than 40 international countries through its subsidiary, Diagnostic Monitoring. For more information, visit the Cardiac Science Web site at www.cardiacscience.com -0- NOTE: This news release contains forward-looking statements within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, which involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors affecting the company's operations, markets, products, services and prices and other factors. The company's actual results could differ materially from those projected in the forward-looking statements as a result of the factors described herein. CONTACT: Cardiac Science Inc., Irvine Angela Rose, 714/587-0357 or Financial Services of America Fran Daniels, 310/278-4413 |
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