NIMU...the little company with some BIG friends...we are just now moving out of a long trading range I hope...price now .37:
(COMTEX) B: NON-INVASIVE MONITORING SYSTEMS INC. - Licensing Agreemen
B: NON-INVASIVE MONITORING SYSTEMS INC. - Licensing Agreement with Hill-Rom
Company
New York, New York, Mar 14, 2001 (Market News Publishing via COMTEX) --
Non-Invasive Monitoring Systems, Inc. (NIMS) announces that it has licensed its
motion platform technology to Hill-Rom, a subsidiary of Hillenbrand Industries,
Inc. for development and potential incorporation into its wide product offering.
NIMS will receive royalties from Hill-Rom should this technology be
commercialized. NIMS retains the right to develop this technology for doctor's
offices, medical clinics, ambulances, military field use, and the home.
NIMS' therapeutic motion platform technology patent application, "Reciprocating
Movement Platform for Shifting Subject to and fro in Headwards-Footwards
Direction" and its applications were awarded US Patent 6,155,976 on December 5,
2000. NIMS also has a patent pending on further applications of the motion
platform. NIMS is currently investigating new funding sources in order to
underwrite development costs to bring this technology to market.
NIMS has ISO 9001 Quality Assurance Certifications for its products and
equivalent United States Food and Drug Administration Quality Assurance
certification from TUV Rheinland. NIMS is permitted to label its products with
the CE mark, a requirement for marketing in the European Community.
Non-Invasive Monitoring Systems, Inc. is engaged in research and development of
computer assisted, non-invasive monitoring devices and related software designed
to detect abnormal respiratory, cardiac, and other medical conditions from
sensors placed externally on the body's surface. These devices, including its
flagship product, Respitrace(TM), provide diagnostic information regarding
cardiorespiratory and sleep disorders in infants, children and adults;
furthermore, alarms are sounded for adverse cardiac and respiratory events in
critically ill patients. In addition, NIMS has developed a therapeutic motion
platform that imparts periodic acceleration to the body.
The Hill-Rom Company Inc., headquartered in Batesville, Indiana, is a leader in
the worldwide health care community providing sales, rentals, service and
support for products including beds, therapy surfaces, stretchers, infant
warmers, incubators, furniture, communication systems, surgical columns, medical
gas management systems, modular headwalls and lighting systems. The company
employs approximately 6,300 people worldwide with about 2,000 in the Batesville,
Indiana area.
This press release contains, in addition to historical information,
forward-looking statements regarding NIMS which represent NIMS' expectations of
benefits including but not limited to statements regarding industry performance,
the Company's operations, performance, financial condition, business strategies,
margins and sales information, that involve risks and uncertainties. The
Company's actual results could differ materially. For this purpose, any
statements contained in this release that are not statements of historic fact
may be deemed to be forward-looking statements. These statements, by their
nature, involve substantial risks and uncertainties, certain of which are beyond
the Company's control, and actual results could differ materially depending on a
variety of important factors, including those described in this release and the
Company's filings with the Securities and Exchange Commission.
CONTACT: TEL: 305/534-3694 NIMS, Miami Beach
James Wong Chong
E-mail: nims@respitrace.com
TEL: 812/934-7422 Hill-Rom Company, Batesville, Ind.
Joel Reuter
E-mail: Joel.Reuter@Hill-Rom.com
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(C) 2001 Market News Publishing Inc.
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KEYWORD: New York, New York
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