Cardiac Science Licenses Technology to Medtronic Physio-Control.Health/Medical Writers IRVINE, Calif.--(BW HealthWire)--June 27, 2000 Cardiac Science Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :DFIB) today announced that it has signed an agreement to license its proprietary technology to Medtronic Physio-Control, the world's largest manufacturer of external defibrillators, for integration into Medtronic Physio-Control's LIFEPAK(R) products for the hospital market. Incorporation of Cardiac Science's tachyarrhythmia tachyarrhythmia /tachy·ar·rhyth·mia/ (tak?e-ah-rith´me-ah) any disturbance of the heart rhythm in which the heart rate is abnormally increased. tach·y·ar·rhyth·mi·a n. detection software will enable Medtronic Physio-Control external defibrillators to be pre-attached to hospitalized patients identified to be a risk of cardiac arrest cardiac arrest n. Abbr. CA A sudden cessation of cardiac function, resulting in loss of effective circulation. Cardiac arrest A condition in which the heart stops functioning. , instantly detect the onset of a lethal heart rhythm Noun 1. heart rhythm - the rhythm of a beating heart cardiac rhythm regular recurrence, rhythm - recurring at regular intervals atrioventricular nodal rhythm, nodal rhythm - the normal cardiac rhythm when the heart is controlled by the and provide life-saving 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. therapy automatically, within seconds and without the aid of hospital staff. "Integrating our proprietary technology into the next generation of hospital defibrillators sold by the worldwide market leader brings us closer to our goal that all in-hospital cardiac patients get defibrillated within seconds should they suffer a life-threatening heart rhythm," 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 chief executive officer of Cardiac Science. "This license agreement, in addition to our exclusive distribution agreement for Powerheart(R), further enhances our strategic partnership with Medtronic Physio-Control." Financial terms of the agreement were not disclosed, however, the agreement calls for integration of software technology and the sale of proprietary, disposable defibrillation electrodes worn by the patient. The defibrillation electrodes must be replaced every 24 hours and represent a recurring revenue stream for Cardiac Science. "We know early defibrillation is key to increasing patient survival from sudden cardiac arrest," said Rene Mitchell, vice president of worldwide marketing of Medtronic Physio-Control. "Marrying the Medtronic Physio-Control name and reach to the Cardiac Science automatic defibrillation technology will speed adoption of the concept in the hospital environment and should result in improved survival from cardiac arrest." About Medtronic Physio-Control Based near Seattle, Wash., Medtronic Physio-Control, is the recognized leader in the manufacture, sale and service of external defibrillators and related medical equipment and accessories. Since the company pioneered portable defibrillation technology more than 30 years ago, its LIFEPAK products have been used by field emergency medical personnel and staff at eight out of 10 US hospitals, and now by first responders such as police and security officers, to save hundreds of thousands of lives. For more information about Medtronic Physio-Control, visit the company's website at http://www.physiocontrol.com. Medtronic, Inc. (NYSE NYSE See: New York Stock Exchange :MDT MDT abbr. Mountain Daylight Time MDT (in the US and Canada) Mountain Daylight Time MDT n abbr (US) (= mountain daylight time) → ), headquartered in Minneapolis, is the world's leading medical technology company providing lifelong solutions to people with chronic disease. Its Internet address There are two kinds of addresses that are widely used on the Internet. One is a person's e-mail address, and the other is the address of a Web site, which is known as a URL. Following is an explanation of Internet e-mail addresses only. For more on URLs, see URL and Internet domain name. is http://www.medtronic.com. About Cardiac Science Cardiac Science develops and markets life-saving external cardiac defibrillator defibrillator, device that delivers an electrical shock to the heart in order to stop certain forms of rapid heart rhythm disturbances (arrhythmias). The shock changes a fibrillation to an organized rhythm or changes a very rapid and ineffective cardiac rhythm to a devices and proprietary tachyarrhythmia detection software technology that monitor and automatically treats cardiac arrest patients. RHYTHMx ECD ECD Early Childhood Development ECD Electron Capture Detector ECD Energy Citations Database ECD Executive Creative Director (advertising) ECD Ethyl Cysteinate Dimer ECD Electron Capture Dissociation ECD Electronic Civil Disobedience (TM) tachyarrhythmia detection and defibrillation software technology, the company's core proprietary technology platform, has multiple applications including use in external defibrillators and existing standard bedside patient monitors widely used in hospitals throughout the world. Shipments of the Cardiac Science's first commercial product, the Powerheart(R), began on Dec. 31, 1999. Powerheart continuously monitors in-hospital patients at risk of sudden cardiac arrest, instantly detects the onset of a life-threatening heart rhythm, and when appropriate, automatically delivers defibrillation shocks within seconds and without human intervention to re-establish the heart's normal rhythm. The ability to respond to a life-threatening heart rhythm within seconds saves lives and minimizes a loss of oxygen to the brain, thereby eliminating potential neurological damage and a diminished quality of life that often occurs when defibrillation is withheld for even a few minutes. Cardiac Science has an exclusive agreement with Medtronic Physio-Control, a division of Medtronic, Inc., the worldwide market leader in external defibrillator products, to distribute the Powerheart in the U.S., Canada, and nine European countries. Cardiac Science's global network consists of prominent distributors in 41 countries encompassing Asia, the Middle East, Europe, South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. and North America. For more information, visit http://www.cardiacscience.com/. This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. Such forward looking statements include, but are not limited to: The Powerheart's safety and efficacy, it's ability to increase survival rates for in-hospital cardiac arrest victims, its ability to improve patient-care and lessen patient debilitation debilitation being in a state of debility. ; The Company's ability to successfully integrate its technology into Medtronic Physio-Control's LIFEPAK products. Cardiac Science cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements. Other factors include, but are not limited to: hospital operations; market and clinical users' acceptance of new and existing products; impact of competitive products and pricing; and changing market conditions. Information on these and other factors are detailed in the Company's 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 ending December 31, 1999 and other documents filed with the Securities and Exchange Commission. The Powerheart and RHYTHMx ECD are trademarks of Cardiac Science Inc. LIFEPAK is a trademark of Medtronic Physio-Control. |
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