Company-Wide RFID Technology Installation is Completed by SRI/Surgical Express, Inc.Business Editors/Health/Medical Writers TAMPA, Fla.--(BUSINESS WIRE)--Jan. 29, 2004 SRI/Surgical Express, Inc. (SRI) (Nasdaq:STRC STRC Science and Technology Research Center STRC Stereocilin STRC Scientific and Technical Research Centre STRC Strategic Training Route Complex ), a leading provider of products and services supporting the healthcare industry, today announced the successful implementation of Radio Frequency Identification See RFID. (RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. ) Technology in all ten of its processing facilities across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . SRI will install RFID chips in over one million of its reusable re·use tr.v. re·used, re·us·ing, re·us·es To use again, especially after salvaging or special treatment or processing. re·us surgical gowns and drapes drape v. draped, drap·ing, drapes v.tr. 1. To cover, dress, or hang with or as if with cloth in loose folds: draped the coffin with a flag; a robe that draped her figure. in this implementation. SRI believes that this is the first full integration of RFID Technology into Class II Medical Devices and among the largest uses to date of "Multi-Read" applications of RFID technology. Radio Frequency Identification (RFID) Technology is a powerful method for identifying and tracking a wide range of objects in diverse environments based on the use of a small tag (or 'transponder') that stores a unique code, together with additional information that the user may specify. A 'reader' is used both to transmit a signal to a tag and retrieve stored information from it; no contact or line-of-sight is required, and long operating ranges are possible. SRI incorporated "multi-read" RFID tags An electronic identification device that is made up of a chip and antenna. For reusable applications, it is typically embedded in a plastic housing, and for tracking shipments, it is usually part of a "smart" packaging label. into its surgical gowns and drapes, replacing its use of labor intensive Labor Intensive A process or industry that requires large amounts of human effort to produce goods. Notes: A good example is the hospitality industry (hotels, restaurants, etc), they are considered to be very people-oriented. See also: Capital Intensive, Trading Dollars bar code scanning to track product usage. "The implementation of RFID Technology is an important event for our company and our customers," said Joseph A. Largey, Chief Executive Officer of SRI/Surgical Express, Inc. "The immediate benefit for SRI is improved inventory control, better monitoring of quality and a productivity enhancement of 5% over our results with bar code scanning. As we further integrate RFID Technology into our processes, SRI expects to virtually eliminate inaccurate shipments of customer orders from our plants. We are proud to have just completed this large RFID implementation and for being 'ahead of the curve' with this exciting technology." About SRI/Surgical Express SRI/Surgical Express, Inc. (www.surgicalexpress.com) provides central processing and supply chain management services to hospitals and surgery centers across the United States. SRI helps healthcare providers balance their need for quality, safety, efficiency and cost-effectiveness with a unique combination of high-quality reusable and disposable surgical products, outsourced instrument processing services and the industry's most comprehensive case cart management system. The company operates from ten processing facilities, one disposable pack assembly facility and five service centers located throughout the United States. The statements in this press release that are not historical, including statements regarding SRI's beliefs, expectations, and strategies, constitute "forward looking statements" within the meaning of the federal securities laws. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the 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. . Important factors that could cause the differences are discussed in SRI's periodic reports on Forms 10-Q and 10-K that the Company periodically files with the Securities and Exchange Commission. These factors include SRI's sales process A sales process is a systematic approach for performing product or service sales. The reasons for having a sales process include seller and buyer risk management, achieving standardized customer interaction in sales and scalable revenue generation. and market acceptance of its products and services, SRI's capital needs, its new product offering, dependence on a supplier as well as on significant customers, market consolidation and competition. SRI does not undertake to update any forward-looking statement in this press release. |
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