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EANS-Adhoc: LifeWatch and Verizon Wireless to Expand Healthcare Telemedicine Solutions Agreement Facilitates Expanded Patient Monitoring Capabilities
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Marketing/Cooperation LifeWatch AG with Verizon Wireless
Neuhausen am Rheinfall / Switzerland and Chicago / USA, June 2, 2009 - LifeWatch Services, Inc., the leading provider of wireless telemedicine services in the U.S. and the major U.S. subsidiary of Swiss-based LifeWatch AG's (formerly Card Guard) (SIX Swiss Exchange: LIFE), today announced that it has reached an exclusive agreement with Verizon Wireless, the nation's leading wireless service provider. Under this agreement, Verizon Wireless will be the preferred network for LifeWatch's successful remote monitoring service for cardiac patients.
LifeWatch's rapidly expanding LifeStar ACT Ambulatory Cardiac Telemetry service has been used by more than 60,000 patients since its introduction in the first quarter of 2007. The service is routinely selected by the top 50 heart centers in the United States. "This strategic agreement underscores the common vision shared by LifeWatch and Verizon Wireless in the evolving telemedicine industry by combining our applications for timely patient diagnoses with the most reliable wireless telecommunication platform providing the highest quality transmissions of critical data," said Dr. Yacov Geva, Chairman and Chief Executive Officer of LifeWatch AG, the parent company of LifeWatch Services.
"Verizon Wireless' Evolution-Data Optimized (EV-DO) 3G network provides a secure, high-speed path for carrying data today and it will continue to do so as the demand increases in the future," said T.J. Fox, president- Illinois/Wisconsin Region, Verizon Wireless. "This agreement provides LifeWatch with custom solutions and a wireless platform to support long-term growth in the expanding healthcare market." Dr. Geva added, "New avenues of development for both companies will open as LifeWatch expands our innovation pipeline to remotely monitor patients for additional disease states and wellness conditions from virtually any location."
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@@start.t2@@================================================================================ About LifeWatch AG
LifeWatch AG, headquartered in Neuhausen am Rheinfall and listed on SIX Swiss@@end@@
Exchange (LIFE), Switzerland, is the leading healthcare technology and solution company, specializing in advanced telehealth systems and wireless cardiac monitoring services. LifeWatch services treat high-risk and chronically ill patients, health conscious consumers and wellness programs. LifeWatch has subsidiaries in the United States, the Netherlands, Japan, the United Kingdom, Switzerland and Israel. LifeWatch AG is the parent company of LifeWatch Services Inc., a leading US-based cardiac monitoring service provider, and LifeWatch Technologies Inc., a US-based manufacturer of telecardiology products. www.lifewatch.com
About LifeWatch Corp.
LifeWatch is a wholly owned subsidiary of LifeWatch AG, the leading healthcare technology and solutions provider listed on SIX Swiss Stock Exchange (LIFE). LifeWatch Corp., through its operating subsidiaries LifeWatch Services, Inc. and LifeWatch Technologies, Inc. (Instromedix) is an independent provider of ambulatory cardiac monitoring services and a manufacturer and distributor of ambulatory cardiac and vital signs monitoring devices in the United States. Its current services are used by physicians primarily to monitor patients who are suspected of having heart rhythm disorders, or cardiac arrhythmias, and its products are used by itself and by others in connection with providing cardiac monitoring services. For more information, visit: www.lifewatch.com.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable and largest wireless voice and data network, serving more than 80 million customers. Headquartered in Basking Ridge, N.J., with more than 85,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE: VZ) and Vodafone (NYSE and LSE: VOD). For more information, visit www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia.
This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding future results of operations and financial position, business strategy and plans and objectives for future operations, are forward- looking statements. The words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect" and similar expressions are intended to identify forward-looking statements. LifeWatch AG has based these forward- looking statements largely on current expectations and projections about future events and financial trends that it believes may affect the financial condition, results of operations, business strategy, short term and long term business operations and objectives, and financial needs. These forward-looking statements are subject to a number of risks, uncertainties and assumptions. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances described may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward- looking statements. All forward-looking statements are based only on data available to LifeWatch AG at the time of the issue of this press release. LifeWatch AG does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.
THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO UNITED STATES PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OF SECURITIES OF LIFEWATCH AG OR ANY OF ITS SUBSIDIARIES FOR SALE IN THE UNITED STATES OR AN INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES OF LIFEWATCH AG OR ITS SUBSIDIARIES IN THE UNITED STATES. IN ADDITION, THE SECURITIES OF LIFEWATCH AG AND ITS SUBSIDIARIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS. ANY PUBLIC OFFERING OF SECURITIES TO BE MADE IN THE UNITED STATES WILL BE MADE BY MEANS OF A PROSPECTUS THAT MAY BE OBTAINED FROM LIFEWATCH AG OR ITS SUBSIDIARIES, AS APPLICABLE, AND WILL CONTAIN DETAILED INFORMATION ABOUT THE ISSUER AND ITS MANAGEMENT AS WELL AS FINANCIAL STATEMENTS OF THE ISSUER.
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ots Originaltext: LifeWatch AG
Im Internet recherchierbar: http://www.presseportal.ch
Further inquiry note:
Kobi Ben Efraim, Chief Financial Officer, LifeWatch AG:
Tel +41 52 632 00 50 | Fax +41 52 632 00 51
Sensus Investor & Public Relations, Zürich:
Tel +41 43 366 55 11 | Fax +41 43 366 55 12
Carolyn A. Schamberger, APR
Branche: Healthcare Providers
Index: SPI, SPIEX
Börsen: Frankfurt / Open Market / XETRA
SIX Swiss Exchange / Hauptsegment
Berlin / free trade