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."