Aether Systems Announces Agreement with ParkStone Medical To Deploy Wireless Solutions to Physicians
OWINGS MILLS, Md. & FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Aug. 14, 2000--
Aether Extends Healthcare Presence Through Access to Physicians
Nationwide; Plans $15 Million Investment in ParkStone
Aether Systems, Inc. (Nasdaq:AETH - news), a leading provider of wireless data products and services, and ParkStone Medical Information Systems, a leader in providing handheld technology solutions to physicians, today announced a strategic alliance whereby Aether will wirelessly enable ParkStone's handheld, point-of-care solutions. Additionally, Aether intends to lead ParkStone's pending round of funding with a $15 million investment.
Under the terms of the agreement, Aether will provide a comprehensive suite of wireless connectivity services and solutions to assist ParkStone in leveraging its handheld software applications and significant relationships with the nation's leading pharmaceutical manufacturers, insurance carriers, pharmacies and pharmacy benefit managers. Additionally, ParkStone has committed to deploying a minimum of 10,000 wireless devices utilizing the Aether Intelligent Messaging (AIM) software platform, and Aether's network operations and customer care center.
``We are extremely excited to work with ParkStone and believe their commitment to deploying handheld solutions to physicians further validates Aether's wireless vision,'' said Aether Chairman and CEO David S. Oros. ``This alliance positions Aether as a leading enabler of wireless solutions in the healthcare industry.''
The alliance will enable ParkStone to wirelessly-enable hand-held devices for physicians nationwide to better serve patients at the point-of-care through access to patient specific clinical data and best practice treatment protocols. Physicians will also be able to enjoy increased efficiency by streamlining workflow, automating paper-based processes and reducing time incurred in patient medication management.
``As the leader in wireless data services, Aether is the ideal partner to assist us in achieving our mission,'' said John J. Johnson, CEO and president of ParkStone. ``Together, ParkStone and Aether will begin deployment of technology solutions that will revolutionize the way healthcare information is shared and managed by physicians.''
About Aether Systems, Inc.
Aether Systems, Inc. is a leading provider of wireless and mobile data products and services allowing real-time communications and transactions across a full range of devices and networks. Using its engineering expertise, the ScoutWare(TM)family of products including the Aether Intelligent Messaging (AIM) software platform, and its network operations and customer care center, Aether seeks to provide comprehensive, technology-independent wireless and mobile computing solutions. Aether develops and delivers wireless data services across a variety of industries and market segments in the United States and internationally. For more information, please visit www.aethersystems.com
About ParkStone
ParkStone Medical Information Systems is a leader in the development of hand-held solutions for physicians. The company was founded in 1997 by Glenn M. Parker, M.D., a board-certified internist, and Lewis P. Stone, B.S., C.S.E, a software systems architect. Today more than 1,000 physicians are using ParkStone's device to electronically manage prescriptions and referrals. ParkStone is a privately held company based in Ft. Lauderdale, Fla. and funded by Oak Investment Partners, Partech International, Cardinal Health Partners and Salix Ventures. For more information about ParkStone Medical Information Systems, Inc., please visit the ParkStone Web site at parkstonemed.com or contact Sherold Barr 541/343-9623.
This press release includes forward-looking statements based on current expectations and projections about future events. These forward-looking statements are subject to a number of risks, uncertainties and assumptions about Aether that could cause actual results to differ materially from those in such forward-looking statements. Potential risks and uncertainties include, but are not limited to, the ability of Aether and ParkStone to successfully work together to develop new products and the acceptance of products developed by ParkStone and Aether. These risks and other risk factors are described in Aether's report on Form 10-K with respect to the fiscal year ending December 31, 1999 and other documents filed with the Securities and Exchange Commission. Aether undertakes no obligation to update the forward-looking statements contained in this press release. |
