News
Maybe back to 12? From PRN newswire
Colorado MEDtech, Inc. and Hitachi Medical Corporation
Join Forces to Enhance Hitachi's STRATIS II
Business Wire - April 21, 1999 16:04
BOULDER, Colo.--(BW HealthWire)--April 21, 1999--Colorado MEDtech, Inc.
(NASDAQ: CMED) announced that it has signed a design and development
agreement with Hitachi Medical Corporation (HMC), Tokyo, Japan, whereby CMED
will provide hardware and software enhancements for the Hitachi to STRATIS II
short-bore, high-field magnetic resonance (MR) system.
The combined R&D effort will add state-of-the-art capabilities such as high-power,
high-speed gradients, rapid imaging techniques and the latest cardiac
applications.
CMED and HMC will coordinate their development effort through Hitachi Medical
Systems America, Inc. (HMSA) of Twinsburg, Ohio, which is responsible for
marketing, selling and servicing of Hitachi MR products in the U.S. marketplace.
HMSA markets the highly successful AIRIS(R) 0.3 Tesla open-air permanent
magnet MR imaging system.
Sheldon Schaffer, Vice President of Marketing for HMSA, stated, "We are looking
forward to working with CMED in developing an enhanced STRATIS II product
which meets the needs of the U.S. medical imaging community today and in the
future. We appreciate that a portion of this marketplace demands higher field
systems and we are anxious to more aggressively expand our reputation for
high-quality products and unsurpassed customer support into this market
segment."
"This is a major expansion of our MRI activities and we are pleased with the
confidence Hitachi has expressed in CMED in awarding this development
contract," said John V. Atanasoff, Colorado MEDtech's President and CEO.
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 for medical device and pharmaceutical
companies.
HMC is one of the group of companies of Hitachi, Ltd., and a worldwide leader in
the development, manufacture, distribution and service of a wide variety of
diagnostic imaging systems.
This press release may contain forward-looking statements that involve a number
of risks and uncertainties. The Company's future results could differ materially
from the results identified or implied by any forward-looking statement. These
factors are more fully described in the Company's Form 10-K filed with the
Securities and Exchange Commission for the year ended June 30, 1998, copies
of which the Company will provide on request.
CONTACT: Colorado MEDtech, Inc.
John V. Atanasoff, President and CEO
Bruce L. Arfmann, CFO
Telephone, 303/530-2660
Fax, 303/581-1010
Email: cmedinfo@cmed.com
Website: www.cmed.com
or
Hitachi Medical Systems America, Inc.
Sheldon Schaffer, V.P., Marketing
Telephone, 330/425-1313
Toll-Free, 800/800-3106
Fax, 330/425-1410
Website: www.hitachimed.com |
