Healthcare Industry News: minimally invasive surgery
News Release - September 12, 2006
Viking Systems, Inc. and ForTec Medical Enter Into Agreement to Expand Delivery of 3Di Digital Vision System
SAN DIEGO--(HSMN NewsFeed)--Sept. 12, 2006--Viking Systems, Inc. (OTCBB: VKSY ), a designer, manufacturer and marketer of 3-D vision systems for use in minimally invasive surgical (MIS) procedures, has expanded access of its 3Di Digital Vision System to surgeons and hospitals through an agreement with ForTec Medical Inc. ForTec Medical, the leader in surgical laser and image systems mobile rental business, will add the 3Di System to its product offering while ForTec expands its business beyond Urology into the Gynecology and Bariatric surgical specialties.Senior Vice President for Commercial Operations at Viking Systems, Lonna J. Williams, commented, "Surgeons and hospitals are rapidly realizing the clinical and cost benefits of our 3-D vision technology as they enhance clinical performance and reduce operating room times for complex minimally invasive procedures. By partnering with ForTec Medical, the essential aspect of depth perception - a critical missing element in traditional minimally invasive surgical techniques - can immediately be available to a wide variety of hospitals and surgeons."
Viking Systems and ForTec Medical will begin operations in the North Central and Southeastern United States with plans for future expansion.
"Complex minimally invasive surgery is growing rapidly and our agreement with Viking Systems to collaborate allows us to better serve our hospital and surgeon customers with state-of-the-art operating room technologies," said Drew Forhan, President and CEO of ForTec Medical. "Our staff is well trained in O.R. protocol and procedures and we are prepared to take on this exciting, new technology. The innovative and economical Viking 3Di Digital Vision System provides us with the opportunity to expand ForTec's presence in the operating room, addressing the needs of multiple surgical specialties."
About Viking Systems, Inc.
Viking Systems, Inc. is a designer, manufacturer and marketer of FDA-cleared, CE-marked, high-performance laparoscopic vision systems. The Company's primary branded product is the EndoSite 3Di Digital Vision System, an advanced three-dimensional (3-D) vision system used by surgeons for complex minimally invasive surgery, with an initial focus on applications in urology, gynecology, bariatrics and general surgery. Viking also manufactures advanced two-dimensional (2-D) EndoSite 2Di Digital Vision Systems for targeted configurations and channels, as well as 2-D cameras and components, sold through strategic partner and OEM programs.
About ForTec Medical
ForTec Medical is a privately held company headquartered in Streetsboro, Ohio. ForTec provides capital medical equipment to hospitals, surgical centers and physicians on a "per-case" basis. Since 1988 ForTec has been delivering the latest in medical therapies and treatments, specializing in medical lasers, to the medical community. ForTec's inventory is manufactured by worldwide industry leaders, assuring the highest quality medical systems for the healthcare industry.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release includes forward-looking statements including, but not limited to, our ability to execute on our business plan during 2006 and beyond, our strategic planning and business development plans, our future financing needs, impacts on our financial results, and our future growth. These forward-looking statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those described in the forward-looking statements. These risks include, but are not limited to, our ability to market our products, the success of business development efforts, competition in the industry, and our ability to manage growth, as well as the risks and other factors set forth in our periodic filings with the U.S. Securities and Exchange Commission (including our Form 10-KSB for the year ended December 31, 2005 and our Form 10-QSB for the quarter ended June 30, 2006.)
Source: Viking Systems
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