Colorado MEDtech Introduces the Future of Medical Device Connectivity.Business Editors/Health & Medical Writers BOULDER, Colo.--(BW HealthWire)--May 29, 2001 Colorado MEDtech, Inc. (Nasdaq:CMED CMED Coordinated Medical Emergency Direction CMED Central Massachusetts Emergency Dispatch ), a Boulder, Colorado-based provider of advanced medical technology outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. services and medical imaging products, has announced that it will exhibit a demonstration of wireless connectivity technologies in a hospital intensive care unit setting at Booth 2539 of the Medical Design and Manufacturing East Exposition and Conference (MDM (Modular Digital Multitrack) An audio recorder that mixes and records multiple tracks of digital audio. The two major MDM technologies are ADAT and DTRS. See ADAT and DTRS. East 2001) to be held on June 5, 6 and 7 at the Jacob Javits Center in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New York. Titled "Exploring the Future of Medical Device Connectivity," the exhibit introduces Colorado MEDtech's design and development capabilities regarding wireless technologies and medical device connectivity applications. At MDM East 2001, Colorado MEDtech will be demonstrating benefits to both medical device manufacturers and health care providers. Additionally, Colorado MEDtech will display their Link IT(TM) technology that connects existing medical instrumentation to the Internet and Hospital Information Systems. Featured is a communications technology Noun 1. communications technology - the activity of designing and constructing and maintaining communication systems engineering, technology - the practical application of science to commerce or industry platform for both monitoring and controlling multiple devices, including vital signs monitors, IV pumps, other diagnostic and therapeutic devices using wireless networking See wireless network. (IEEE (Institute of Electrical and Electronics Engineers, New York, www.ieee.org) A membership organization that includes engineers, scientists and students in electronics and allied fields. 802.11) and web-based technologies. One of the unique features on display is the use of remote monitors and mobile devices such as hand-held PDAs and web pads See Webpad. to control all medical devices in the hospital room setting. Colorado MEDtech expects that this technology can be applied to both existing instruments in the hospital and future medical devices, and promises to reduce the client's development and product costs. Bill Wood, Senior Vice President, Product Development and Technology: "I believe future medical devices will be impacted by several technology trends becoming apparent today. These trends include wireless interconnection in·ter·con·nect v. in·ter·con·nect·ed, in·ter·con·nect·ing, in·ter·con·nects v.intr. To be connected with each other: The two buildings interconnect. v.tr. leading to mobile user interfaces and server-based medical devices leading to unique instrument platforms for cost-effective instrument usage. Additionally, we expect to implement the smart delivery of patient information to the healthcare decision-makers wherever they may be at any time. We are developing these technologies to better serve our clients." CMED will be displaying the Concept Instrument at Booth No. 2539. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. The statements in this news 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 that the management changes will not produce the desired results, the risk of potential 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. , 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 wors·en tr. & intr.v. wors·ened, wors·en·ing, wors·ens To make or become worse. worsen Verb to make or become worse worsening adjn ), 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. |
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