Criticare Systems, Inc. Announces Contract Award to Supply Vital Signs Monitors for over 50 Domestic Plasma Collection Centers
August 03 2006 - 11:57AM
Business Wire
CRITICARE SYSTEMS, INC. (AMEX:CMD). Criticare Systems, Inc. today
announced the receipt of an order to replace all vital signs
monitors in over 50 domestic plasma collection centers. This is a
multi-year agreement with the initial order exceeding one million
dollars. The company is targeting to complete shipments against
this requirement by the end of the current fiscal quarter.
Criticare CEO, Emil Soika stated, "We are extremely pleased to have
been selected as the company of choice for this extensive clinical
application and look forward to a long and successful relationship
with the management team at the plasma centers." The specific
Criticare product utilized in this application is a recent release
and has been met with very enthusiastic market response. In other
news, the company is announcing its preliminary, unaudited fiscal
2006 net sales. Criticare achieved net sales of $31,350,000 in
fiscal 2006 compared to $26,780,000 in fiscal 2005, an increase of
$4,570,000 or 17%. The company's cash balance improved along with
continuing to operate in a debt free status. Criticare will release
its full financial information for fiscal 2006 following completion
of the audit. 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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