DiaSys and Kaiser Permanente Sign National Agreement.WATERBURY, Conn.--(BUSINESS WIRE)--August 19, 1999-- DiaSys Corporation (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). :DIYS) today announced that it has entered into a three year product supply agreement with Kaiser Foundation Health Plan, Inc. to supply urine workstations to Kaiser Permanente, the nation's leading not for profit integrated health system. The DiaSys(R) Urine Sediment Analyzer was selected by the Kaiser Permanente Standards and Sourcing Team for Hematology as the recommended product to be used in conjunction with their standard urinalysis analyzers whenever a microscopic urine test is required. The agreement does not include minimum commitments. However, Kaiser Permanente manages numerous laboratory facilities nationally, 14 of which currently use one or more DiaSys workstations. Kaiser Permanente is America's leading integrated health care integrated health care, n healthcare services combining the best of conventional and complementary health care. organization. Founded in 1945, it is a non-profit, group-practice prepayment program with headquarters in Oakland, Calif. Kaiser Permanente serves the health care needs of 8.5 million members in seventeen states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . Today, it encompasses Kaiser Foundation Health Plan, Inc., Kaiser Foundation Hospital, and the Permanente Medical Groups, as well as an affiliation with Group Health Cooperative Group Health Cooperative, based in Seattle, Washington, is a consumer-governed nonprofit healthcare system. Established in 1947, it today provides coverage and care for about 540,000 people in Washington and Idaho and is one of the largest private employers in Washington. , based in Seattle. Nationwide, Kaiser Permanent includes about 90,000 technical, administrative and clerical employees and about 10,000 physicians representing all specialties. DiaSys Corporation designs, develops, manufactures and distributes medical laboratory equipment with applications in urinalysis, microbiology and cytology cytology (sītŏl`əjē), in biology, the study of the structure of all normal and abnormal components of cells and the changes, movements, and transformations of such components. . DiaSys is a registered trademark of DiaSys Corporation. The foregoing press release includes forward-looking statements within the meaning of and made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions 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. DiaSys refers interested parties to its most recent Annual Report on form 10-KSB and other SEC filings for a complete description of and discussion about the company. |
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