SonoSite Begins Customer Shipments of TITAN Upgrade for Cardiology/Shared Services Capabilities.BOTHELL, Wash. -- Upgrade Provides Complete Capabilities for Echo Studies; Addresses $460 Million International Shared Services shared services, n.pl the administrative, clinical, or other service functions that are common to two or more hospitals or their health care facilities and used jointly or cooperatively by them. Market SonoSite, Inc. (Nasdaq:SONO), the worldwide leader in high-performance, hand-carried ultrasound, said today that it has begun customer shipments of cardiology/shared service capabilities for the TITAN(TM) system, the company's most advanced, high-resolution, hand-carried system. "This upgrade represents our fourth major expansion of the TITAN system's capabilities since its introduction a little over a year ago," said Kevin M. Goodwin, SonoSite president and 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. . "This latest release enables physicians to perform full echocardiography Echocardiography Definition Echocardiography is a diagnostic test that uses ultrasound waves to create an image of the heart muscle. Ultrasound waves that rebound or echo off the heart can show the size, shape, and movement of the heart's valves and and vascular studies in the clinic or at the point-of-care, allowing for earlier diagnosis and treatment. It also addresses the need of many of our international customers who require a shared service system that can perform both radiology and cardiology examinations. The shared service market is estimated to account for at least 20% of the $2.3 billion international ultrasound market." The TITAN system utilizes SonoSite's proprietary ASIC (Application Specific Integrated Circuit) Pronounced "a-sick." A chip that is custom designed for a specific application rather than a general-purpose chip such as a microprocessor. (Application Specific Integrated Circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for ) technology to integrate millions of transistors onto one circuit, thereby providing exceptional imaging performance in a highly compact and durable design. Weighing only 7.7 pounds (3.5 kg.), the TITAN system boots up in less than 12 seconds, is easy to use and can be hand carried to wherever it is needed to immediately deliver patient care efficiently and effectively. The TITAN 2.2 cardiology upgrade offers full cardiac and vascular calculation packages, pulsed and steerable continuous wave Doppler, Tissue Harmonic Imaging, velocity-based color Doppler and M-Mode. SonoSite also expanded the system's DICOM (medical, standard) DICOM - (From Digital Imaging and COmmunications in Medicine) A standard developed by ACR-NEMA (American College of Radiology - National Electrical Manufacturer's Association) for communications between medical imaging devices. capabilities in this upgrade with the addition of DICOM Modality Worklist. These features are typically found on larger, more expensive ultrasound systems. The TITAN system has all the capabilities necessary to perform echocardiography studies that meet the standards required by payers for a complete echocardiography examination. Introduced in May 2003 for multiple imaging applications, the TITAN system has gained rapid acceptance in both the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and international markets and now accounts for approximately 50% of SonoSite's revenues. Prior upgrades have added enhanced connectivity as well as expanded capabilities for the radiology, vascular and Ob/gyn markets. Cardiovascular disease Cardiovascular disease Disease that affects the heart and blood vessels. Mentioned in: Lipoproteins Test cardiovascular disease is the leading cause of death in the United States and Europe. Moreover, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the U.S. Department of Health and Human Services Noun 1. Department of Health and Human Services - the United States federal department that administers all federal programs dealing with health and welfare; created in 1979 Health and Human Services, HHS , it is estimated that more than one million Americans will die of cardiovascular disease in 2004. Prompt and accurate diagnosis of cardiovascular disease is critical to improving a patient's prognosis. About SonoSite SonoSite, Inc. (www.sonosite.com), headquartered near Seattle, is the innovator and worldwide market leader in high-performance, hand-carried ultrasound technology. By creating modular, mobile systems that meet customer needs, SonoSite is removing barriers to the use of ultrasound across medicine and positively impacting the cost-effectiveness and efficiency of ultrasound use. With more than 15,000 units sold worldwide since 1999, SonoSite's products have become known for exceptional durability with a high design value. Forward-looking Information and the Private 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. Reform Act of 1995 Certain statements in this press release relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the market acceptance of our products, possible future sales relating to expected orders, and our future financial and operations results are "forward-looking statements" for the purposes of 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. These forward-looking statements are based on the opinions and estimates of our management at the time the statements are made and are subject to risks and uncertainties that could cause actual results to differ materially from those expected or implied by the forward-looking statements. These statements are not guaranties of future performance and are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions. Factors that could affect the rate and extent of market acceptance of our products, the receipt of expected orders, and our financial performance include our ability to accurately forecast customer demand for our products, our ability to manufacture and ship our systems in a timely manner to meet customer demand, timely receipts of regulatory approvals to market and sell our products, the willingness of healthcare providers who do not currently use ultrasound to use ultrasound, the extent to which healthcare insurers reimburse providers for ultrasound procedures, regulatory changes in various national health care markets, constraints in government and public health spending, the ability of our distribution partners to market and sell our products, as well as other factors described under the heading, "Important Factors that May Affect Our Business, Our Results of Operating and Our Stock Price," included in our latest periodic report filed with the Securities and Exchange Commission. We caution readers not to place undue reliance upon these forward-looking statements that speak only as to the date of this release. We undertake no obligation to publicly revise any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events. TITAN is a trademark of SonoSite, Inc. |
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