CyberEuroCare Initiates European Demonstration Project
BOYNTON BEACH, Fla.--(BUSINESS WIRE)--June 13, 2001--Cyber-Care, Inc. (Nasdaq:CYBR - news), CyberEuroCare AB, a Sweden-based subsidiary of Cyber-Care, Inc., announced today that its Nordic division will initiate a demonstration project of 100 broadband Electronic HouseCall® (EHC) products in Sweden, commencing Aug. 1, 2001.
The project will showcase the CyberCare System, consisting of the EHC(TM) family of products, CyberHealth Manager(TM) and CyberCare 24 Network(TM), to the European healthcare, commercial and governmental markets.
Daniel W. Bivins, Jr., director of international affairs for Cyber-Care said, ``CyberEuroCare is excited to introduce its telehealth solution to the European community in this working demonstration project, with additional projects in various stages of development throughout Europe.''
As previously announced on March 16, 2001, CyberEuroCare signed a letter of intent with Alleato AB, a Swedish company owned by telecom company Ericsson, Swedish insurance group Skandia and Huddinge University Hospital, to form CyberEuroCare Nordic to market and sell the CyberCare System in the Nordic region (Sweden, Denmark, Finland, Norway and Iceland).
Alleato offers technology and services within the areas of security, safety and health, enabling people to continue living at home throughout life's many different phases, with new health and medical care solutions. Huddinge Hospital supplies Alleato with knowledge resources and access to an environment where new solutions for healthcare may be developed. Alleato, which was initiated and supported by Ericsson and further developed in cooperation with Skandia, uses technology based on open standards and open platforms like the Open Service Gateway initiative (OSGi), WAP and Bluetooth.
Ericsson is a leading communications supplier and an innovator in the creation of the new era of mobile Internet. Ericsson provides total solutions covering systems and applications to mobile phones and other communications tools, with more than 100,000 employees in 140 countries.
Skandia is an insurance and financial services company and is Sweden's oldest and largest insurer. It also commands a substantial position in Europe and the United States with more than 10,000 employees and 20 worldwide offices.
Huddinge University Hospital is one of the leading university hospitals in northern Europe. It provides highly specialized medical care and is a center for medical research and training.
About Cyber-Care, Inc.
Cyber-Care, Inc. is a network-based telehealth solutions company improving the delivery of care through its Internet-based technology. Cyber-Care creates a live, interactive community that incorporates all members of the care team in the delivery of the healthcare process, resulting in cost reduction and improvement in the quality of patient care. Utilizing patented technology for remote monitoring and real-time interactive communications between chronically ill patients and their providers, Cyber-Care's Electronic HouseCall® System allows for effective and efficient data collection, case management and personal interaction. Headquartered in Boynton Beach, Fla., Cyber-Care also has physical, occupational and speech therapy businesses and an online pharmacy business. Visit Cyber-Care's Web site at www.cyber-care.net.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, product acceptance and effectiveness, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
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