Misonix's Sonora Medical Systems Expands into Latin America with Three New Agreements.Business Editors/Health/Medical Writers FARMINGDALE, N.Y.--(BUSINESS WIRE)--April 13, 2004 Misonix, Inc. (Nasdaq:MSON MSON Multi-Service Optical Networking (SBC) MSON Medium Speed on ) today announced that its 90%-owned subsidiary, Sonora Medical Systems, has expanded into Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. with the signing of new agreements in Mexico, Brazil and Argentina. Sonora, a leading supplier of aftermarket products, services, replacement transducers and test equipment to the diagnostic ultrasound diagnostic ultrasound n. Use of ultrasound to obtain images for medical diagnostic purposes. market, will provide certain proprietary know-how and intellectual property to Mexico City-based Suncom Solucion Commercial S.A. de C.V., to Sao Paulo, Brazil-based ATCS ATCS Air Traffic Control System ATCS Air Traffic Control Specialist ATCS Advanced Train Control System ATCS air traffic control section (US DoD) ATCS Advanced Tactical Communications System ATCS Advanced Technology Crew Station Comercio e Servicos de Equipos Medicos Ltda. and to PSA (Professional Services Automation) An information system designed to organize, track and manage all opportunities, work, resources, costs, revenues and invoices to improve the productivity and efficiency of the workforce. , SRL 1. SRL - Bharat Jayaraman. ["Towards a Broader Basis for Logic Programming", B. Jayaraman, TR CS Dept, SUNY Buffalo, 1990]. 2. SRL - Schema Representation language. 3. SRL - Structured Robot Language. C. Blume & W. Jacob, U Karlsruhe. , headquartered in Buenos Aires, Argentina. These agreements are designed to allow Suncom, ATCS and PSA to perform comprehensive ultrasound repair operations in their local markets. Additionally, the license and distribution agreements call for Sonora to receive royalties from their international partners and for Sonora to support their licensees with replacement ultrasound transducers and advanced transducer transducer, device that accepts an input of energy in one form and produces an output of energy in some other form, with a known, fixed relationship between the input and output. repair operations from its headquarters in Longmont, Colo. Suncom will perform repair operations on diagnostic ultrasound transducers owned by the Instituto Mexicano de Seguro Social (IMSS IMSS Instituto Mexicano del Seguro Social (Spanish: Mexican Social Security Institute) IMSS Istituto e Museo di Storia della Scienza (Italian) IMSS InterScan Messaging Security Suite ) public healthcare system in Mexico. The IMSS currently owns an estimated 10,000 ultrasound machines with several transducers per machine. Sonora will support Suncom in its efforts to establish and maintain regional ultrasound repair facilities for ultrasound equipment throughout Mexico. George Nehme, Vice President of Suncom, commented: "This agreement represents new thinking by the government of Mexico. Historically, when our public healthcare providers had a damaged transducer, the IMSS paid for expensive replacement devices, utilized dysfunctional probes or simply allowed the asset to go unused. Now, the IMSS has a qualified option for the repair of damaged ultrasound probes, which will save our country a significant amount of money while improving the quality of our public health system." Commenting on the Mexico agreement, G. Wayne Moore, president and chief executive officer of Sonora, said, "The agreement with Suncom clearly demonstrates that our fundamental ideology of taking cost out of the healthcare system through strategic investment, research and innovation not only applies here in the United States, but to countries throughout the world. We very excited to be working with Suncom and to be supporting the government and the people of Mexico." The agreement with Brazil's ATCS establishes an exclusive distribution arrangement for Sonora's diagnostic ultrasound products in Brazil. ATCS is an established ultrasound company with over 18 years of experience in the Brazilian refurbished ultrasound equipment, ultrasound field service and repair markets. Mauro Hochman, General Manager of ATCS, commented: "We are very pleased to be working closely with Sonora in the expansion of our ultrasound service and repair business. Brazil offers considerable opportunity to indigenous companies offering a high-quality, broad-based ultrasound field service, spare parts and depot repair alternative and our strategic alignment with Sonora will help ATCS to differentiate itself in the market on several important levels." Mr. Moore continued, "The agreement with ATCS represents our second significant entry into a major Latin American market, following up on our contract with the Mexican public healthcare system. With the world's eighth largest economy and a robust market for refurbished ultrasound equipment and field service, Brazil has been a target market for Sonora for several years. We are excited to have found a partner of ATCS' quality and experience to accelerate our development of the Brazilian market." PSA, SRL is a leading distributor and service provider of diagnostic medical equipment in Argentina. Historically a purveyor (World-Wide Web) Purveyor - A World-Wide Web server for Windows NT and Windows 95 (when available). http://process.com/. E-mail: <info@process.com>. of x-ray and MRI 1. (application) MRI - Magnetic Resonance Imaging. 2. MRI - Measurement Requirements and Interface. equipment, PSA has invested in aggressively expanding into the ultrasound market in Argentina. A major component of PSA's expansion into ultrasound is their alignment with Sonora Medical Systems. Comments Sonora's Mr. Moore, "PSA really rounds out our presence in Latin America, with coverage of Argentina, Chile, Uruguay and Paraguay to complement our agreements in Mexico and Brazil. PSA will bring much needed ultrasound service resources into traditionally underserved ultrasound markets." Misonix develops, manufactures, and/or markets medical, scientific and laboratory equipment and air cleaning systems and maintains a minority equity position in Focus Surgery as its exclusive manufacturer of the Sonablate 500. For more information concerning Sonora's products and services, visit www.4sonora.com. Forward Looking Statements: Statements in this news release looking forward in time are 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. Investors are cautioned that forward-looking statements involve risks and uncertainties, including general economic conditions, delays and risks associated with the performance of contracts, uncertainties as a result of research and development, potential acquisitions, consumer and industry acceptance, litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. and/or court proceedings, and regulatory risks including approval of pending and/or contemplated 510K filings. |
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