Healthcare Industry News: Pulse Oximeter
News Release - March 10, 2006
Metrologic and Spacelabs Medical Enter Into a Worldwide AgreementBLACKWOOD, N.J., March 10 (HSMN NewsFeed) -- Metrologic Instruments, Inc. (Nasdaq: MTLG ) today announced the signing of a multi-year, worldwide agreement with Spacelabs Medical, a patient monitoring division of Spacelabs Healthcare. Under the terms of the agreement, Spacelabs will market and sell Metrologic bar code scanners for use with the Spacelabs range of patient monitors.
By interfacing with hospital clinical information systems through Spacelabs' intuitive WinDNAŽ software, nurses will be able to document point-of-care treatment accurately and easily, all from a single source. Supporting the healthcare industry's move toward electronic medical record keeping, the bar code scanner option will enable clinicians to scan patient information directly into a secure electronic record, reducing medical errors, saving process time, and avoiding redundant workflow. Spacelabs has designed its Ultraview(SL) monitors to be bar code scanner-ready.
Greg DiNoia, Vice President, Metrologic -- The Americas commented, "This relationship marks a significant milestone for Metrologic as we continue to focus on supporting the needs of our customers and the healthcare market. Spacelabs' long-term dedication to patient care and demonstrated leadership in innovation makes them a great fit for a partnership with Metrologic."
"As we move closer to the implementation of electronic health records throughout the healthcare system, technologies like bar code scanning are critical to reducing error and managing patient data securely and efficiently," said Jonathan Lauer, Spacelabs Vice President of Global Strategic Marketing. "Spacelabs shares a vision for the future of healthcare with our customers and seeks out companies like Metrologic to provide the best, most user-friendly technology to meet the needs of clinicians and their patients."
About Spacelabs Medical
Spacelabs Medical (http://www.spacelabs.com), based in Issaquah, WA, U.S., is a global manufacturer and distributor of patient monitoring systems for critical care and anesthesia, wired and wireless networks and clinical information connectivity solutions, ambulatory blood pressure (ABP) monitors and medical data services. It has sold approximately 117,000 patient monitoring units worldwide. Spacelabs Medical has distribution partnerships in approximately 80 countries and sales or regional offices throughout the world. The company has approximately 800 employees. Spacelabs Medical is a division of Spacelabs Healthcare Inc. (http://www.spacelabshealthcare.com).
About Spacelabs Healthcare, Inc.
Spacelabs Healthcare (http://www.spacelabshealthcare.com), Inc. is an international developer, manufacturer and distributor of medical equipment and services including patient monitoring solutions, anesthesia delivery and ventilation systems, Pulse Oximeters and sensors and bone densitometers selling to hospitals, clinics and physicians offices. Additionally, the company provides ECG laboratory services to pharmaceutical companies undertaking clinical trials, whereby patient ECG data are recorded, analyzed, tabulated and interpreted.
The company has established brand names in both medical devices and medical services such as "Spacelabs," "Blease" and "Dolphin." The company employs approximately 1,050 personnel in its 14 offices in the United States, UK, Canada, France, Germany, Finland and Singapore. The company conducts its manufacturing and R&D in the United States, UK and India.
Spacelabs Healthcare is a subsidiary of OSI Systems, Inc., a US-based, NASDAQ-listed company.
Metrologic Instruments, Inc. ("Metrologic" or the "Company") is a global supplier of choice for data capture and collection hardware, optical solutions, and image processing software. Metrologic has been delivering innovative, quality products that are cost effective, reliable and supported by the highest level of personal service for nearly 40 years. Metrologic products are sold worldwide through Metrologic's sales, service and distribution offices located in The Americas, EMEA and Asia/Pacific. Metrologic provides its customers not only with a great deal, but a great deal more. For more information please call 1-800-667-8400 or visit http://www.metrologic.com.
Forward-looking statements contained in this release are highly dependent upon a variety of important factors which would cause actual results to differ materially from those reflected in such forward-looking statements. Specifically, the factors that could cause actual results to differ from expectations include: Metrologic's ability to deliver the products within the time period specified in the contract; the timing, introduction and market acceptance of Metrologic's new products; pricing pressures; and competitive factors. When used in this release and documents referenced, the words "believes," "expects," "may," "should," "seeks," or "anticipates," and similar expressions as they relate to Metrologic or its management are intended to identify such forward-looking statements. For additional factors, please see Metrologic's reports filed with the Securities and Exchange Commission.
Source: Metrologic Instruments
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