Colorado MEDtech, Inc. Announces Link-iT Connectivity Demonstrations at HIMSS Conference.

Business/Health Editors & Technology Writers

2002 HIMSS 

BOULDER, Colo.--(BW HealthWire)--Jan. 24, 2002

Colorado MEDtech, Inc. (Nasdaq: CMED) a Boulder, Colorado-based provider of advanced medical technology outsourcing services and medical imaging system components and accessories, announced its schedule for presentation and demonstration of its connectivity technologies at the Healthcare Information & Management Systems Society (HIMSS) 2002 Conference and Exhibition in Atlanta, Georgia, January 27 through 31, 2002.

Link-iT(TM) is a technology platform supporting the rapid development of wireless and/or wired connectivity solutions. In its hard-wired configuration, Link-iT offers connections to multiple OEM medical devices, and includes data conversion from vendor-specific protocols to generic HL7 messages. Implemented in wireless mode, Link-iT extends connectivity via Bluetooth(TM) between multiple OEM medical devices, Bluetooth-enabled systems, and both Palm(TM) and Handspring Visor(TM) PDAs.

Bill Wood, Senior Vice President of Product Development and Technology, will present "Applying Connectivity Technologies to the Medical Setting" at the Vendor Products Sessions on Sunday, January 27, 2002, at 11:00 a.m. Mr. Wood will discuss emerging connectivity technologies such as 3G, Bluetooth, and Internet 2 and their potential contribution to improved patient healthcare. Areas of particular focus will include the potential for cost reduction and clinical quality improvements with connectivity of legacy devices to the HIS.

Colorado MEDtech will also demonstrate its Link-iT technology at its exhibit, booth 3647. It will also be demonstrating use of the Red-M(TM) system for wireless Bluetooth connectivity. The demonstration will feature a multipoint network model, including connectivity to Bluetooth-enabled Link-iT systems. Colorado MEDtech and Red-M announced their alliance in September 2001. The demonstration will be available during exhibit hours.

Colorado MEDtech, Inc. is the full-service OneSource OutSource(TM) provider of advanced medical technology outsourcing services, including device and disposables development, software, medical device connectivity, manufacturing, system components for medical imaging and ultrasound accessories.

Forward-Looking Statements 

The statements in this press release that are not historical facts are forward-looking statements that represent management's beliefs and assumptions based on currently available information. Forward-looking statements can be identified by the use of words such as "believes," "intends," "estimates," "may," "will," "should," "anticipated," "expected" or comparable terminology or by discussions of strategy. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it cannot assure that these expectations will prove to be correct. Such statements involve risks and uncertainties including, but not limited to, the risk that the Company's existing level of orders may not be indicative of the level or trend of future orders, the risk that the Company may not successfully complete the work encompassed by current or future orders, the risk that unforeseen technical or production difficulties may adversely impact project timing and financial performance, the risk of an adverse result in pending or potential litigation, the risks associated with regulation by the Federal Food and Drug Administration including compliance with the Quality System Regulation, the risk that acquired companies cannot be successfully integrated with the Company's existing operations and the risk that a downturn in general economic conditions or customer budgets may adversely affect research and development and capital expenditure budgets of potential customers upon which the Company is dependent. Should one or more of these risks materialize (or the consequences of such a development worsen), or should the underlying assumptions prove incorrect, actual results could differ materially from those forecasted or expected. These factors are more fully described in the Company's documents filed from time to time with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update publicly or revise such statements whether as a result of new information, future events or otherwise.