Frost & Sullivan Recognizes Analogic Corporation for Technology Leadership in Medical Devices.

Business Editors/Health/Medical Writers/High-Tech Writers

SAN FRANCISCO--(BUSINESS WIRE)--March 25, 2004

Frost & Sullivan honored Analogic Corporation with the 2004 Medical Devices Technology Leadership of the Year Award at last night's Global Excellence in Medical Devices Awards Banquet.

Frost & Sullivan presents the award to a company that pioneers the development and introduction of an innovative technology into the market -- a technology that either has influenced or has the potential to impact several market sectors. The award also recognizes leadership in the successful promotion of the technology and its continuing impact in technology commercialization.

Analogic designs and manufactures advanced health and security systems imaging technology products, primarily to serve original equipment manufacturers (OEMs) in North America, Europe, and Asia.

"Analogic is a leader in the application of precision analog-to-digital and digital-to-analog conversion technologies for measurement applications, and most of its products perform high-speed complex calculations on the data being analyzed," says Frost & Sullivan industry analyst Miriam Nagel. "It is no surprise that many major OEMs select Analogic to design and manufacture products over other vendors."

With its broad line of imaging technologies, Analogic is the world's leading OEM supplier of data acquisition systems for computed tomography (CT) and power systems for magnetic resonance imaging (MRI). Throughout its history, Analogic has pioneered new technologies across a multitude of imaging modalities, from the first instant imaging CT to RF to the first real-time selenium-based DR panel.

Several Analogic subsidiaries are also leaders in their respective niche end-user markets. B-K Medical is the world's leading supplier of clinical ultrasound systems for urology and surgery, and Camtronics Medical Systems is the leader in platform-independent cardiac information management systems. Continuing with its strategy to access end-user niches, the Company recently established Anexa Corporation to market next-generation digital imaging solutions to select markets.

Although security screening is outside the field of medical devices, it is pertinent to mention that the sophisticated CT imaging technologies developed by Analogic for medical applications have become a valuable tool for security imaging as well. This dual use technology can also have many other potential applications that are yet to be explored.

At the heart of Analogic's success is its commitment to innovation through ongoing research and development -- last year the company spent over 11 percent of its $472 million revenue on R&D, which is significantly higher than many of its peers in the industry.

"The company has created significant intellectual property, holding approximately 180 U.S. patents with nearly double that number of applications in the pipeline," notes Nagel. "In many cases, it also holds corresponding foreign patents, particularly with the European patent office."

John W. Wood Jr., president and CEO of Analogic, delivered the Keynote Speech at the banquet, focusing on the future of Medical Imaging. Wood noted that some observers believe the golden era of medical imaging technology is over. "Looking backward, that might appear to be true," said Wood, "but looking forward it is evident that an exciting new era is well underway. With tremendous advances being made in specialized anatomical, functional, and minimally invasive imaging, including digital radiography and PET/CT, and supported by fast, versatile software, we see innumerable opportunities for advancing medical technology and the quality of medical care."

Held in San Francisco, Calif., the Frost & Sullivan banquet honors world-class companies for outstanding performance and achievements in the medical devices industry. An annual event, the banquet recognizes the quality and merit of these distinguished individuals and companies.

About Analogic Corporation

Analogic Corporation is a leading designer and manufacturer of advanced systems and subsystems that are sold to major health and security OEMs. The company is recognized worldwide for advancing state-of-the-art CT, DR, ultrasound, MRI, patient monitoring, cardiovascular information management, and embedded multiprocessing applications.

About Frost & Sullivan

Founded in 1961, Frost & Sullivan is recognized as a global leader in growth consulting. Frost & Sullivan Awards are presented to companies that demonstrate excellence in their industry, commending the diligence, commitment, and innovative business strategies required to advance in the global marketplace. Frost & Sullivan rigorously analyzes specific criteria to determine award recipients in a vast variety of market industries and landscapes. For further information, visit www.frost.com.