Before the bell, news was on PR newswire.
5 minutes ago story hit Business Wire - just the CMED part.
Colorado MEDtech Inc. and TAVA Technologies
Inc. Announce Licensing Agreement
Business Wire - April 17, 1998 11:33
%COLORADO-MEDTECH %TAVA CMED TAVA %COLORADO %MEDICINE %BIOTECHNOLOGY
%COMPUTERS %ELECTRONICS %COMED V%BW P%BW
BOULDER, Colo.--(BW HealthWire)--April 17, 1998--Colorado MEDtech
Inc. (NASDAQ: CMED) today announced the signing of a licensing
agreement with TAVA Technologies Inc. (NASDAQ: TAVA) for TAVA's
Plant Y2kOne(TM) products for year 2000 compliance of biomedical
devices used in hospitals, clinics and extended care facilities.
CMED will modify the Plant Y2kOne(TM) software tool and database
structure, as appropriate, to tailor it specifically to the needs of the
health care market. The modified system will be called BioMed
Y2kOne(TM). CMED will offer a combination of tools and services to
support health care institutions' efforts to establish year 2000
compliance for their biomedical devices.
CMED will work directly with clients in cooperation with information
technology service companies that are providing year 2000 compliance
services in the health care industry. CMED will also market TAVA's Plant
Y2kOne(TM) product to hospitals, clinics and extended care facilities to
address year 2000 compliance of embedded systems in building
operations systems such as HVAC controls, boilers and sprinkler
systems.
John Jenkins, TAVA's chief executive officer, said: "We believe that the
market for year 2000 compliance tools and services in the health care
industry is significant. Health care providers need to be concerned about
the compliance status of their medical devices and their facility support
systems. While Plant Y2kOne(TM) will address the facility support
systems, TAVA does not have the expertise required to address medical
device issues. Colorado MEDtech brings that element to the table."
John Atanasoff, Colorado MEDtech's president and chief executive
officer, commented, "We believe that, with our strong medical device
background and the BioMed Y2kOne(TM) system and database, we will be
able to offer unique services to the health care industry." Atanasoff also
added that the company already has secured one engagement to provide
year 2000 compliance support for a large hospital chain.
TAVA Technologies Inc., based in Englewood, Colo., is a leading provider
of automation and information technology solutions to industry.
Colorado MEDtech Inc., through its wholly owned affiliates and operating
divisions, is a leading full-service provider of advanced medical
products and comprehensive outsourcing services.
CONTACT: Colorado MEDtech Inc.
John V. Atanasoff or
Bruce L. Arfmann,
Phone: 303/530-2660
Fax: 303/581-1010
E-mail: cmedinfo@cmed.com
Website: www.cmed.com
or
TAVA Technologies Inc.
John Jenkins
Phone: 303/771-9794
or
Pacific Consulting Group Inc.
Scott Liolios
Phone: 714/574-3860
|
