Quinton Announces Distribution Agreement in Japan.Business Editors & Health/Medical Writers BOTHELL, Wash.--(BUSINESS WIRE)--June 13, 2002 Quinton Cardiology Systems, Inc. (Nasdaq:QUIN QUIN - Pyle 1965. Interactive language. Sammet 1969, p.691. ), a global leader in advanced cardiology products, announced the establishment of a distribution agreement with Nihon Kohden Corporation of Tokyo, Japan. Nihon Kohden is one of the leading manufacturers and distributors of diagnostic cardiology products in the world. Founded in 1951, Nihon Kohden developed the 8-channel electroencephalograph e·lec·tro·en·ceph·a·lo·graph n. An instrument that generates a record of the electrical activity of the brain by measuring electric potentials using electrodes attached to the scalp. which was the first to be completely powered from the AC lines, an EKG EKG: see electrocardiography. system using a photographic process to view the waveforms and a kymograph ky·mo·graph n. An instrument for recording variations in pressure, as of the blood, or in tension, as of a muscle, by means of a pen or stylus that marks a rotating drum. chart recorder to record variations in blood pressure or muscle tension. Since then the company has produced many innovative products in cardiology, telemetry, pulse oximetry pulse oximetry Oxygen saturation measurement, SaO Critical care A method used to determine the O2 saturation–SaO2 and desaturation of blood in a continuous noninvasive fashion, through the noninvasive assessment of arterial Hb-bound and bedside monitoring. Nihon Kohden will have distribution rights for Quinton cardiology products for three years, with contract renewal options. This agreement significantly strengthens Quinton's reach into the Japanese market, the third largest market for medical devices in the world. "We are pleased to announce this agreement with Nihon Kohden," said Quinton President, John Hinson. "Their experience in the cardiology device business is outstanding and Quinton is fortunate to have secured such a strong partner as we move forward in this market." As part of the agreement Quinton will customize products for the Japanese market. The first of these efforts is the conversion of the Q-Stress cardiac stress monitor to display Japanese language (Kanji (human language, character) kanji - /kahn'jee/ (From the Japanese "kan" - the Chinese Han dynasty, and "ji" - glyph or letter of the alphabet. Not capitalised. Plural "kanji") The Japanese word for a Han character used in Japanese. ) characters. "The localization Customizing software and documentation for a particular country. It includes the translation of menus and messages into the native spoken language as well as changes in the user interface to accommodate different alphabets and culture. See internationalization and l10n. of our Q-Stress monitor for the Japanese market is exciting for Quinton and Nihon Kohden. This project, along with Nihon Kohden's strong distribution and experience in cardiac stress monitoring, should quickly establish the system in Japan," stated Alex Castro, Director of International Sales for Quinton. The Q-Stress system is the current market leader in the U.S. Quinton develops, manufactures, markets and services a family of diagnostic cardiology systems used in the diagnosis, treatment and rehabilitation of patients with cardiovascular disease Cardiovascular disease Disease that affects the heart and blood vessels. Mentioned in: Lipoproteins Test cardiovascular disease . Quinton shares are quoted on the Nasdaq National Market under the trading symbol "QUIN". This press release contains forward-looking statements relating to Quinton anticipated growth and future operating results that involve a number of risks and uncertainties. These are forward-looking statements for purposes of the safe harbor provisions 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 words "believe," "expect," "intend," anticipate," variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. Actual results may vary significantly from the results expressed or implied in such statements. Factors that could cause or contribute to such varying results include, but are not limited to, reduced demand for our products, delays in our product development activities and commercial introduction of product enhancements and new products, changes in competitors' products or their pricing which may impair the market acceptance of our products or force us to lower our prices, disruptions in third party supplies of certain components we use in our products, the impact of acquisitions and divestitures, and costs associated with ongoing 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. against a former supplier. These and other risks are more fully described under the caption "Risk Factors" included in our Prospectus as filed with the Securities and Exchange Commission by Quinton Cardiology Systems, Inc. Quinton undertakes no duty or obligation to update the information provided herein. |
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