Medwave to provide sensor-based non-invasive blood pressure solutions to
Analogic Corp.
10 March 2005
DANVERS, Mass., USA. Medwave Inc., (Nasdaq: MDWV) manufacturer of
sensor-based, non-invasive blood pressure measuring solutions, announced
today that it has signed an OEM Supply and License Agreement with Analogic
Corporation, a developer and manufacturer of complete, innovative systems,
and advanced subsystems, for medical imaging and patient monitoring
platforms.
Under the agreement, Analogic will incorporate Medwave's non-invasive
blood pressure technology into its patient monitoring product line. This
agreement also allows Analogic to integrate Medwave's sensor-based blood
pressure solutions into their own products, or products that they design and
manufacture for other medical device companies.
Tim O'Malley, President and CEO of Medwave, Inc., states: "We have been
working diligently for several years to effect change in the blood pressure
monitoring market where there has not been significant technology
improvements in decades. Analogic's decision to implement Medwave's
sensor-based blood pressure technology is a strong testimonial that our
technology is creating new standards for non-invasive blood pressure
monitoring. Medwave has worked with clinical researchers over the last
several years to prove that the performance of our technology is superior to
conventional blood pressure cuff
technology. Studies and user reports and testimonials have shown repeatedly
that our sensor-based solutions are faster, more flexible, more comfortable
and more accurate than cuff-based products."
"Analogic is an innovator in patient monitoring, and works with many of
the market leaders to introduce new products. We are very pleased to have
entered into this agreement with Analogic and look forward to a mutually
beneficial association. Medwave and its employees and shareholders are
committed to advancing the field of blood pressure monitoring, and this type
of an agreement is a milestone in that effort."
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