PRESS
Zargis Awarded Follow-On U.S. Army
Contract; Mandates Expansion of Two Previous Awards
Stamford,
CT (September 29, 2009): Zargis Medical Corp., a majority-owned subsidiary of
Speedus Corp. (Nasdaq: SPDE) and a spin-off from Siemens Corporate Research
(NYSE: SI) today announced that it received a contract from the U.S.
Army totaling $224,000.
This
contract will allow Zargis to develop an investigational device based on the
success of the Signal-X6TM telemedicine systems which Zargis delivered to the
Army earlier this month. This new prototype system will be ruggedized for field-use
and allow the Army to examine the benefits of remote patient analysis and
monitoring of up to 12 simultaneously recorded heart and lung sounds.
This
contract also funds completion of the second phase of development for an
Internet case-based learning system. Zargis began developing this medical
education platform for the Army in 2008 and it is currently used by medical
residents at a U.S. Army teaching hospital. After completion of the second
phase of this project next fall, Zargis will offer this innovative software
platform to military and nonmilitary teaching facilities throughout the world.
"We
are very encouraged by the continued expansion of our development efforts with
the U.S. Army", said John Kallassy, Zargis' CEO. "This new contract
is a testament to our prior successes working with the Army to develop
innovative solutions in the fields of remote medical monitoring systems and
medical education."
About Zargis Medical Corp.
Zargis
Medical Corp. develops advanced diagnostic decision support products and
services for primary care physicians, pediatricians, cardiologists and other
healthcare professionals. Zargis was formed in 2001 when Siemens Corporate
Research, a division of Siemens AG (NYSE: SI), and Speedus Corp. (Nasdaq: SPDE)
co-invested to develop and market an advanced acoustic technology designed to
detect heart abnormalities identified through analysis of heart sounds.
For
additional information about Zargis or Speedus Corp., contact Peter Hodge at
888.773.3669 (ext. 23) or phodge@zargis.com, or visit the following Web sites: www.zargis.com and www.speedus.com.
# # #
Statements
contained herein that are not historical facts, including but not limited to
statements about the Company's product, corporate identity and focus, may be
forward-looking statements that are subject to a variety of risks and
uncertainties. There are a number of important factors that could cause actual
results to differ materially from those expressed in any forward-looking
statements made by the Company, including, but not limited to, the continuing
development of the Company's sales, marketing and support efforts.
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