Non-Invasive Monitoring Systems Announces that LifeShirt, Owned and Marketed by VivoMetrics, Inc., will be tested by U.S. Air Force.Business Editors/High-Tech & Medical Writers MIAMI BEACH, Fa.--(BUSINESS WIRE)--Feb. 19, 2002 The computerized LifeShirt(TM) by VivoMetrics, Inc. - based on patents created by Dr. Marvin Sackner and Miami Miami, cities, United States Miami (mīăm`ē, –ə). 1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896. Beach-based Non-Invasive Monitoring Systems, Inc. (NIMS) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :NIMU NIMU Non-Iterative Multi-User NIMU National Iron Molders Union ) - will be tested by the U.S. Air Force for its ability to monitor armed forces in the field, VivoMetrics has announced. VivoMetrics is a healthcare-information company based in Ventura, Calif. In return for the patent rights to LifeShirt(TM), NIMS was given equity ownership in VivoMetrics and will be paid royalties on sales and leasing of all LifeShirts(TM). The LifeShirt(TM) has not been cleared for marketing by the FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. . It has received the CE mark and ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 approval for marketing in Europe. VivoMetrics said in a Feb. 14 news release that it has signed a cooperative research and development agreement “CRADA” redirects here. For other uses, see CRADA (disambiguation). A Cooperative Research and Development Agreement (CRADA) is an agreement between a government agency and a private company to work together. with the U.S. Air Force Institute of Technology The Naval Postgraduate School serves a similar purpose for the U.S. Navy and U.S. Marine Corps. The U.S. Army does not have a comparable school; Army officers study at the Naval Postgraduate School or AFIT. (AFIT AFIT Air Force Institute of Technology AFIT Armed Forces Institute of Transfusion (Rawalpindi, Pakistan) AFIT Arizona Forum for the Improvement of Taxation ). Under the agreement, the Air Force will test combining a space-based, global-positioning system with a LifeShirt(TM) enhanced with long-range, wireless communication capabilities to create an advanced method for real-time location and physiological monitoring of military personnel in the field. The agreement also includes developing an "intelligent" flight suit that can detect a fighter pilot's loss of consciousness and activate an automatic navigation system. Products resulting from the research could be ready for field use as early as 2003, VivoMetrics said. This announcement follows the news that the popularity of wearable, personal-sensing devises - such as the computerized LifeShirt(TM) - has been cited as one of the Top 10 Healthcare Predictions For 2002 by Forrester Research. "This is another example of the tremendous potential of the LifeShirt and further evidence that our equity and royalty arrangement with VivoMetrics will be profitable and will stimulate interest in new non-invasive therapeutic devices we have under aggressive development," said NIMS 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. Allan F. Brack. The LifeShirt(TM) is a washable, lightweight shirt that is capable of continuously monitoring over 30 physiologic indicators of health and disease including respiratory and cardiac function and other physiological parameters. In other recent news, an article on the Sleep News and Research web site titled, "VivoMetrics' LifeShirt System for Monitoring Patients at Work, Play and Sleep," states: "Potential markets include the clinical trials arena, where accurate subject monitoring can greatly influence the cost and speed with which drugs and medical devices are brought to market. Other applications for the LifeShirt System include home sleep diagnostics, as well as research into causes and treatment of behavioral health disorders, respiratory disorders and cardiovascular disease." The article, dated Dec. 12, 2001, can be found at http://www.talkaboutsleep.com/news/news_index.htm. The underlying patents used to make the LifeShirt(TM) were created by NIMS Chairman Marvin A. Sackner, M.D. Dr. Sackner was director of medical services at Miami Beach's Mount Sanai Hospital for 17 years. He founded NIMS in 1979 and continues the guide the company's research and development. Safe Harbor Statement under 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: The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission. |
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