Computer Motion Named One of the Fastest Growing Technology Companies in the United States.SANTA BARBARA Santa Barbara (săn'tə bär`brə, –bərə), city (1990 pop. 85,571), seat of Santa Barbara co., S Calif., on the Pacific Ocean; inc. 1850. , Calif.--(BW HealthWire)--Sept. 20, 1999-- Deloitte & Touche ranks companies on their percentage revenue growth from 1994-1998 Computer Motion, Inc. (Nasdaq:RBOT RBOT Rotating Bomb Oxidation Test ), the world leader in medical robotics, announced today that it has been recognized by Deloitte & Touche as one of the fastest growing technology companies in the United States, based on revenue growth over the past five years. Computer Motion came in at number 8 in the prestigious 1999 Los Angeles Technology Fast 50 program, a ranking of the 50 fastest growing technology companies in the greater Los Angeles area The Greater Los Angeles Area, or the Southland, is the agglomeration of urbanized area around the city of Los Angeles, California, United States. There are two "official" definitions—the Los Angeles metropolitan area consisting only of the Los Angeles and Orange . This honor follows Computer Motion's 31st rank in Deloitte & Touche's 1998 Technology Fast 500 program, which ranks the nation's top 500 fastest-growing technology companies. Computer Motion's revenues increased 1644% to $10,586,000 in 1998 from $607,000 in 1994. Robert W. Duggan, chairman 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. of Computer Motion, commented, "The management team at Computer Motion is very pleased with our progress and performance to date. The significant growth represents the continued acceptance and utilization of our advanced technology platforms in operating rooms around the world." "In an era where technology companies come and go like shooting stars, making the Deloitte & Touche 'Fast List' is a testament to a company's leadership and its ability to not only have the right solution for that moment in time, but also the vision that allows for sustainable growth," said Gary Dickey, partner, Los Angeles High Technology Group, for Deloitte & Touche. "Computer Motion has proven that they have the right stuff to succeed, and we at Deloitte & Touche salute its accomplishments," added Dickey. Winners of the 19 regional Fast 50 programs in the United States are automatically entered in the Deloitte & Touche Technology Fast 500 Program, which ranks the nation's top 500 fastest-growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit the Web site at www.Fast50.com. Computer Motion is creating the cornerstone technologies and products for tomorrow's Intelligent Operating Room(TM). The company develops, manufactures and markets proprietary computer-enhanced and robotic surgical systems which enhance surgeons' capabilities, improve outcomes and reduce costs. Computer Motion markets the AESOP Aesop (ē`səp, ē`sŏp), legendary Greek fabulist. According to Herodotus, he was a slave who lived in Samos in the 6th cent. B.C. and eventually was freed by his master. (R) 3000, a voice-controlled endoscope endoscope, any instrument used to look inside the body. Usually consisting of a fiber-optic tube attached to a viewing device, endoscopes are used to explore and biopsy such areas as the colon and the bronchi of the lungs. positioning system; the HERMES(TM) Control Center, a centralized system which enables the surgeon to voice control a network of "smart" medical devices; and the ZEUS(TM) Robotic Surgical System for new minimally invasive microsurgical procedures, such as endoscopic en·do·scope n. An instrument for examining visually the interior of a bodily canal or a hollow organ such as the colon, bladder, or stomach. en coronary artery bypass grafting coronary artery bypass graft n. Abbr. CABG A surgical procedure in which a section of vein or other conduit is grafted between the aorta and a coronary artery below the region of an obstruction in that artery. (E-CABG(TM)). The ZEUS System is currently under an FDA-approved investigational device exemption An Investigational Device Exemption (IDE) allows the investigational device to be used in a clinical study in order to collect safety and effectiveness data required to support a Premarket Approval (PMA) application or a Premarket Notification [510(k)] submission to Food and and is CE Marked for commercial sale in Europe. The company's Internet Web site is www.ComputerMotion.com. |
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