Del Medical Systems Group Launches New Direct Digital Imaging System.Business Editors VALHALLA, N.Y.--(BUSINESS WIRE)--May 12, 2003 Del Global Technologies New offering extends Del's digital product portfolio, firmly positions Del with full range of cost-effective products for general radiography radiography: see X ray. Company Also Comments on Rapid Deployment of Portable X-Ray Systems Used to Diagnose SARS Del Global Technologies (DGTC) ("Del") announced today that it's Medical Systems Group, based in Franklin Park Franklin Park, village (1990 pop. 18,485), Cook co., NE Ill., a suburb of Chicago; inc. 1892. It is chiefly residential. , IL and Buccinasco (Milan), Italy, has launched a new integrated digital X-Ray solution for general radiography applications. "This is an important strategic development for the growth of our medical systems business," said Samuel E. Park, President 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 Del Global Technologies Corp. "This new digital capability positions us to offer a broad selection of digital products as either new systems or upgrades to our extensive installed base of conventional film systems." By integrating Del's patient positioning system with an InfiMed StingRay stingray: see ray. stingray or whip-tailed ray Any of various species (family Dasyatidae) of rays noted for their slender, whiplike tail with barbed, usually venomous spines. image acquisition and storage system and a Trixell Pixium 4600 digital flat panel Digital Flat Panel (DFP) is a video connector for flat panel displays. It features 20 pins and uses the PanelLink protocol. Unlike DVI, DFP never achieved widespread implementation. The connector was used by displays such as the Compaq Presario FP400, FP500 and 5204. detector, the new X-Ray system offers digital image quality and is versatile enough for virtually any general radiographic radiographic (rā´dēōgraf´ik), adj relating to the process of radiography, the finished product, or its use. procedure. This combination enables Del to offer its 185 independent dealers a wider choice of digital options. "Over the next few years, we expect a significant increase in the utilization of digital imaging, both in the US and abroad," commented Walter F. Schneider, Del Medical Systems Group President. "Many of our competitors are heavily invested in a single proprietary digital application, restricting them from offering more than one digital solution. Rather than develop our own digital solution, we decided to align with technology leaders who had already made digital investments and could benefit from our X-Ray platform design, our system integration capabilities and our worldwide dealer network. This strategy also accelerates our time-to-market with new digital solutions and avoids the significant development costs being incurred by competitors." Del Medical currently has two digital radiographic solutions and is committed to expanding that selection to include a wider range of low-cost offerings for customers. The Company recently integrated a Canon Direct Radiography flat panel sensor into a Del Medical X-Ray system for the Cleveland Regional Medical Center in Shelby, NC. In addition to the Company's announcement on its digital products, Del Medical also commented on the rapid deployment of portable X-Ray units x-ray unit, n See unit, radiographic. into China and Vietnam to help authorities fight Severe Acute Respiratory Syndrome Severe Acute Respiratory Syndrome (SARS) Definition Severe acute respiratory syndrome (SARS) is the first emergent and highly transmissible viral disease to appear during the twenty-first century. (SARS). The equipment, manufactured by the Del Medical Systems Group in the U.S. and Italy, is highly mobile and can be quickly deployed to regions where SARS is most active. Many hospitals in SARS-infected areas of the world have found that a chest examination with a portable X-Ray unit is perhaps the best modality modality /mo·dal·i·ty/ (mo-dal´i-te) 1. a method of application of, or the employment of, any therapeutic agent, especially a physical agent. 2. for imaging the disease. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Prince of Wales Hospital
"Within the last three weeks, we have received emergency orders for over 80 portable X-Ray units for immediate delivery to China and Vietnam for early diagnosis of SARS," said Mr. Schneider. The use of Del's specialized mobile equipment allows doctors to detect signs of pneumonia, which often results from the SARS disease. Importantly, this technology helps to maintain patient isolation (provide treatment outside of hospital buildings/specially quarantined quar·an·tine n. 1. a. A period of time during which a vehicle, person, or material suspected of carrying a contagious disease is detained at a port of entry under enforced isolation to prevent disease from entering a country. areas) pending diagnosis, thereby reducing the danger of transmission of the virus to others. After diagnosis, the equipment can also be instrumental in monitoring the effects of therapeutic treatment. "We are pleased that the unique portability of our equipment and our capability to respond quickly to the immediate demand can help expedite the detection and treatment of SARS," added Mr. Schneider. He also commented that the same equipment has been highly effective in field use by the US military and in remote conditions where medical support infrastructure is very limited. Del Global Technologies Corp. is primarily engaged in the design, manufacture and marketing of cost-effective medical imaging and diagnostic systems consisting of stationary and portable x-ray systems, radiographic/fluoroscopic systems, dental imaging systems and proprietary high-voltage power conversion subsystems for medical and other critical industrial applications. Industrial applications for which Del supplies power subsystems include airport explosives detection, analytical instrumentation, semiconductor capital equipment and energy exploration. Statements about future results made in this release may constitute 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. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on current expectations and the current economic environment. The Company cautions that these statements are not guarantees of future performance. They involve a number of risks and uncertainties that are difficult to predict including, but not limited to, the ability of the Company to implement its business plan, management changes, changing industry and competitive conditions, obtaining anticipated operating efficiencies, securing necessary capital facilities, favorable determinations in various legal and regulatory matters and favorable general economic conditions. Actual results could differ materially from those expressed or implied in the forward-looking statements. Important assumptions and other important factors that could cause actual results to differ materially from those in the forward-looking statements are specified in the Company's filings with the Securities and Exchange Commission. Del Global filed with the Securities and Exchange Commission a definitive proxy statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the solicitation of proxies with respect to the Del Global 2003 Annual Meeting of Shareholders. Del Global will file with the Commission, and may file other proxy solicitation materials. Investors and security holders are urged to read the proxy statement and any other proxy solicitation materials (when they become available) because they will contain important information. Del Global and the Directors and certain of the executive officers of Del Global may be deemed to be participants in the solicitation of proxies in respect of electing the Board of Directors of Del Global at the 2003 Annual Meeting of Shareholders. Additional information with respect to the beneficial ownership of those executive officers and Directors of Del Global common stock is set forth in the definitive proxy statement filed by Del Global with the Commission. Investors and security holders may obtain a free copy of the preliminary proxy statement and other documents filed by Del Global with the Commission at the Commission's website at http://www.sec.gov. You may also access a copy of Del Global's definitive proxy statement by accessing http://www.delglobal.com. In addition, you may obtain a free copy of the definitive proxy statement by contacting Georgeson Shareholder Communications, Inc. toll free at (800) 545-1782 (banks and brokers call collect at (212) 440-9800). |
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