Digirad Named One of San Diego's Fastest Growing Technology Companies in Deloitte's Technology Fast 50 Program
September 15 2006 - 5:01PM
Business Wire
Digirad Corporation (www.digirad.com) (NASDAQ:DRAD) has been named,
for the 4th year in a row, to Deloitte's prestigious Technology
Fast 50 Program for San Diego, a ranking of the 50 fastest growing
technology, media, telecommunications and life sciences companies
in the area by Deloitte & Touche USA LLP, one of the nation's
leading professional services organizations. Rankings are based on
percentage revenue growth over five years from 2001-2005. According
to Mark L. Casner, president and chief executive officer of
Digirad, the company has executed many initiatives designed to grow
market share and improve operational efficiencies in order to
reduce costs and enhance margins, all of which have contributed to
Digirad's 141 percent growth rate from 2001-2005. "We continue to
increase our market position in nuclear cardiology by offering
exclusive imaging products and services to cardiologists and
internists through Digirad Imaging Solutions' (DIS) nuclear
cardiology FlexImaging(R) services," said Casner. DIS provides
nuclear imaging equipment (mobile or fixed), accredited staff and
licensing under annual contracts to physicians' offices one or more
days each week. "We continue to expand our market coverage by
providing quality programs that exceed our customers'
expectations," said Casner. Casner added that Digirad has seen
increased acceptance of its solid-state Cardius(R) dedicated
nuclear cardiology imaging systems. The new Cardius XPO camera
series debuted at the Society of Nuclear Medicine (SNM) in June and
was featured at the American Society of Nuclear Cardiology (ASNC)
last week in Montreal. The XPO series features new Solidium(R)
high-definition solid-state (HDSD) digital detector technology, a
new design allowing imaging of patients weighing up to 500 pounds,
and single, dual and triple-head configurations offering up to 38
percent faster image acquisition times than conventional dual head
systems. "Deloitte's San Diego Technology Fast 50 companies have
shown the strength, vision and tenacity to succeed in today's very
competitive technology environment," said Theresa Drew, Managing
Partner, Deloitte & Touche LLP in San Diego. "We applaud the
successes of Digirad and acknowledge it as one of the very few to
accomplish such a fast growth rate over the past five years." To
qualify for the Technology Fast 50, companies must have had
operating revenues of at least $50,000 in 2001 and $5,000,000 in
2005, be headquartered in North America, and be a company that owns
proprietary technology or proprietary intellectual property that
contributes to a significant portion of the company's operating
revenues; or devotes a significant proportion of revenues to the
research and development of technology. Using other companies'
technology or intellectual property in a unique way does not
qualify. Winners of the 16 regional Technology Fast 50 programs in
the United States and Canada are automatically entered in
Deloitte's Technology Fast 500 program, which ranks North America's
top 500 fastest growing technology, media, telecommunications and
life sciences companies. For more information on Deloitte's
Technology Fast 50 or Technology Fast 500 programs, visit
www.fast500.com. About Digirad Digirad Corporation develops,
manufactures and markets solid-state, digital gamma cameras to
hospitals, imaging centers and physician offices. Digirad offers a
comprehensive line of solid-state nuclear gamma cameras that
produce high-quality images for use in the detection of many
medical conditions, including cardiovascular disease. Digirad's
cameras are unique as their lightweight and compact design allows
them to fit easily into small office spaces. Digirad's wholly owned
subsidiaries Digirad Imaging Solutions and Digirad Imaging Systems
offer a comprehensive, mobile imaging leasing and services program
for physicians who wish to perform in-office nuclear cardiology
procedures but do not have the patient volume, capital or resources
to justify purchasing a gamma camera. For more information, please
visit www.digirad.com. Digirad(R), Digirad Imaging Solutions(R),
FlexImaging(R) and Cardius(R) are registered trademarks of Digirad
Corporation. About Deloitte Deloitte refers to one or more of
Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and
their respective subsidiaries and affiliates. As a Swiss Verein
(association), neither Deloitte Touche Tohmatsu nor any of its
member firms has any liability for each other's acts or omissions.
Each of the member firms is a separate and independent legal entity
operating under the names "Deloitte", "Deloitte & Touche",
"Deloitte Touche Tohmatsu" or other related names. Services are
provided by the member firms or their subsidiaries or affiliates
and not by the Deloitte Touche Tohmatsu Verein. Deloitte &
Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu.
In the US, services are provided by the subsidiaries of Deloitte
& Touche USA LLP (Deloitte & Touche LLP, Deloitte
Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte
Tax LLP and their subsidiaries), and not by Deloitte & Touche
USA LLP. Forward-Looking Statements Digirad cautions that
statements included in this press release that are not a
description of historical facts are forward-looking statements. You
can identify these statements by the fact that they do not relate
strictly to historical or current facts and use words such as
"anticipate," "estimate," "expect," "project," "intend," "plan,"
"believe" and other words and terms of similar meaning in
connection with a discussion of future operating or financial
performance or events. Examples of such statements include the
statements regarding the Cardius(R) 3 XPO's advancements in patient
comfort, imaging speed and image quality, Digirad's ability to meet
or exceed customer expectations, Digirad's ability to improve
operational efficiencies in order to reduce costs and enhance
margins, and Digirad's ability to grow and expand its services and
products businesses. The inclusion of these and other
forward-looking statements should not be regarded as a
representation by Digirad that any of its plans will be achieved.
Actual results may differ materially from those set forth in this
press release due to the risks and uncertainties inherent in
Digirad's business including, without limitation: the degree to
which Digirad's camera systems and related services will be
accepted by physicians and hospitals some of whom may experience
reliability issues or technical problems; the ability of Digirad to
effectively market, sell and distribute its medical devices, and
related services given its limited capabilities in these areas;
Digirad's ability to manage risks relating to product liability,
warranty claims, recalls, property damage and personal injury with
respect to its imaging systems; and other risks detailed in
Digirad's Securities and Exchange Commission filings, including its
Annual Report on Form 10-K and other reports filed with the
Securities and Exchange Commission. Given these uncertainties,
readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date hereof.
All forward-looking statements are qualified in their entirety by
this cautionary statement and Digirad undertakes no obligation to
revise or update this press release including the forward-looking
statements contained herein to reflect events or circumstances
after the date hereof or to update the reasons actual results could
differ materially from those anticipated in these forward-looking
statements, even if new information becomes available in the
future.
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