CardioNet, Inc. Announces the Launch of its Next Generation MCOT™ Device
December 14 2011 - 9:00AM
Business Wire
CardioNet, Inc. (NASDAQ:BEAT), a leading wireless medical
technology company with a current focus on the diagnosis and
monitoring of cardiac arrhythmias, today announced the launch of
its next generation Mobile Cardiac Outpatient Telemetry device.
Joseph Capper, President and Chief Executive Officer of
CardioNet, commented: “The launch of this state-of-the-art system
is further evidence of our commitment to advancing cardiac
monitoring solutions to meet the evolving needs of physicians and
their patients. The introduction of this new device enhances our
leadership position in cardiac monitoring with capabilities to
improve the patient experience and reduce costs. The new device
will enable physicians to offer the product in their offices,
shortening the time to patient activation. The monitor also
incorporates instructional video which, combined with the recent
launch of an online tutorial, will further improve the patient
experience. The cost to manufacture this product is approximately
one-third less compared to our current system. Additionally, the
product’s flexible design will facilitate the seamless introduction
of planned future enhancements.”
About CardioNet
CardioNet is a leading provider of ambulatory, continuous,
real-time outpatient management solutions for monitoring relevant
and timely clinical information regarding an individual’s health.
CardioNet’s initial efforts are focused on the diagnosis and
monitoring of cardiac arrhythmias, or heart rhythm disorders, with
a solution that it markets as Mobile Cardiac Outpatient TelemetryTM
(MCOTTM). More information can be found at
http://www.cardionet.com.
Forward-Looking Statements
This document includes certain forward-looking statements within
the meaning of the “Safe Harbor” provisions of the Private
Securities Litigation Reform Act of 1995 regarding, among other
things, our growth prospects, the prospects for our products and
our confidence in the Company’s future. These statements may be
identified by words such as “expect,” “may,” “anticipate,”
“possible,” “estimate,” “potential,” “intend,” “plan,” “believe,”
“forecast,” “promises” and other words and terms of similar
meaning. Such forward-looking statements are based on current
expectations and involve inherent risks and uncertainties,
including important factors that could delay, divert, or change any
of them, and could cause actual outcomes and results to differ
materially from current expectations. These factors include, among
other things, effectiveness of our efforts to address operational
initiatives, including cost savings initiatives that affect our
business, changes to insurance coverage, relationships with our
government and commercial payors and reimbursement levels for our
products, the success of our sales and marketing initiatives, our
ability to attract and retain talented executive management and
sales personnel, our ability to identify acquisition candidates,
acquire them on attractive terms and integrate their operations
into our business, the commercialization of new products, market
factors, internal research and development initiatives, partnered
research and development initiatives, competitive product
development, changes in governmental regulations and legislation,
the continued consolidation of payors, acceptance of our new
products and services and patent protection, adverse regulatory
action and litigation success. For further details and a discussion
of these and other risks and uncertainties, please see our public
filings with the Securities and Exchange Commission, including our
latest periodic reports on Form 10-K and 10-Q. We undertake no
obligation to publicly update any forward-looking statement,
whether as a result of new information, future events, or
otherwise.
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