Criticare Systems, Inc. Announces a Technology License to Nellcor Puritan Bennett
October 18 2005 - 9:13AM
Business Wire
CRITICARE SYSTEMS, INC. (AMEX:CMD). Criticare Systems, Inc. today
announced it had reached an agreement with Nellcor Puritan Bennett
Incorporated to provide a non-exclusive license for a patent held
by Criticare Systems. The patent encompasses a signal processing
technology developed by Criticare Systems. Specific financial and
other terms were not disclosed. Criticare Systems has a substantial
library of proprietary and patent protected technology relating to
vital signs monitoring. This has enabled the company to
successfully develop a wide variety of instrumentation ranging from
complex anesthetic agent monitoring to systems that can operate
within the high intensity magnetic field of an MRI suite. Criticare
Systems continues to provide innovative monitoring solutions to
support the advancement of healthcare. Criticare (www.csiusa.com)
designs, manufactures, and markets cost-effective patient
monitoring systems and noninvasive sensors for a wide range of
hospitals and alternate health care environments throughout the
world. This press release contains forward-looking statements. Such
statements refer to the Company's beliefs and expectations.
Forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those described. Such uncertainties include, but are not
limited to, the timely completion of new products, regulatory
approvals for new products, the risk of new and better
technologies, risks relating to international markets, as well as
general conditions and competition in the company's markets. Other
risks are set forth in Criticare's reports and documents filed from
time to time with the Securities and Exchange Commission.
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