SunTech Medical Acquires an Equity Position in an Advanced Research Technology Firm.RESEARCH TRIANGLE PARK Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. , N.C. -- -SunTech Medical, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of SunTech Medical Group Limited and the world leader in motion-tolerant, non-invasive blood pressure monitoring products and technology, has acquired an equity position in Empirical Technologies Corporation. "Our mission is to be the dominant supplier of blood pressure monitoring products and technology," according to Dayn McBee, 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. of SunTech Medical, Inc. "We have filled another significant and strategic piece of our business. SunTech Medical's intimate knowledge of the blood pressure industry combined with Empirical Technologies Corporation's innovative technology creates a synergistic partnership." The recent acquisition gives SunTech access to extensive intellectual property including breakthrough technology in continuous beat-to-beat, non-invasive blood pressure measurement. "I am excited about the future prospects as we bring our two technology driven businesses together, SunTech Medical couldn't be a better company to work with," according to David Gerdt, Ph. D., President of Empirical Technologies Corporation. "This partnership confirms the strength and commitment of both companies to deliver superior technology in blood pressure monitoring." About Empirical Technologies Corporation, Inc.: Empirical Technologies Corporation, Inc., located in Charlottesville, Virginia is an advanced research technology firm dedicated to the principles of bringing superior technology to patient care while being a solution based, hardware oriented business that excels at emerging medical monitoring technologies. The staff, comprised of Ph. D. and post doctorial research professionals, has extensive experience in physical sciences, engineering, and sophisticated analysis tools. They hold eleven US patents and one provisional application, and have received support research funding from DARPA DARPA: see Defense Advanced Research Projects Agency. (Defense Advanced Research Projects Agency) The name given to the U.S. Advanced Research Projects Agency during the 1980s. It was later renamed back to ARPA. , NHLBI NHLBI, n.pr See National Heart, Lung, and Blood Institute. , US Army, Office of Naval Research The U.S. Office of Naval Research (ONR), headquartered in Arlington, Virginia (Ballston), is the office within the U.S. Department of the Navy that coordinates, executes, and promotes the science and technology programs of the U.S. and CCAT CCAT Campus Center for Appropriate Technology (Humboldt State University; Arcata, CA) CCAT Cornell Caltech Atacama Telescope CCAT Canadian Cognitive Abilities Test CCAT Competition Commission Appeals Tribunal at CSU See DSU/CSU. 1. CSU - California State University. 2. CSU - Cleveland State University. 3. CSU - Channel Service Unit. San Bernadino. For more information, visit http://www.empiricaltechnologies.com. About SunTech Medical, Inc.: SunTech Medical, Inc., located in Research Triangle Park, N.C.. is the world leader in motion-tolerant non-invasive blood pressure monitoring products and technology. SunTech offers products for 24-hour ambulatory BP monitoring, cardiac stress BP monitoring, customizable OEM BP modules and blood pressure cuffs. SunTech Medical, Inc. is a wholly owned subsidiary of SunTech Medical Group Limited, a privately owned holding company focused on medical diagnostics and headquartered in Oxford, United Kingdom. For more information, visit www.SunTechMed.com. |
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