LifeWatch AG / Key word(s): Alliance
Release of an ad hoc announcement pursuant to Art. 53 KR
LifeWatch AG signs agreement to utilize Vital Connect Inc.'s HealthPatch(R)
MD in its cardiac monitoring business
Neuhausen am Rheinfall/Switzerland, November 7, 2014 - LifeWatch AG (SIX
Swiss Exchange: LIFE), a leading provider of medical solutions in remote
cardiac monitoring, is pleased to announce the signing of an agreement with
Vital Connect Inc. to utilize their HealthPatch MD as a 1-lead ECG device
in its cardiac monitoring business.
LifeWatch and Vital Connect are working together to integrate the
HealthPatch MD into LifeWatch's analytical mobile application and reporting
systems with a view to bringing an integrated solution to market in the
first half of 2015.
This move follows on the heels of the development of LifeWatch's already
announced Vital Signs Patch (VSP) which is also due for release in the
first half of 2015. Dr. Stephan Rietiker, CEO of LifeWatch, noted: "I am
very excited about the new partnership as it comprises a breakthrough
technology that will enable LifeWatch to expand its cardiac monitoring
device offerings for patients to include the important patch technology
area." Patch technology is easy to use and should increase the
effectiveness of cardiac monitoring due to higher patient compliance.
Vital Connect Inc.'s HealthPatch MD biosensor for monitoring patients
received FDA clearance for home use in July 2014 and, as a result of its
weight and thickness (only 10 g and 6 mm (0.24"), respectively), offers
patients a much more comfortable and less obtrusive monitoring solution in
comparison to conventional monitoring equipment.
For further questions:
c/o Dynamics Group, Philippe Blangey / Doris Rudischhauser
Phone: +41 43 268 32 35
E-mail: firstname.lastname@example.org About LifeWatch AG:
LifeWatch AG, headquartered in Neuhausen am Rheinfall and listed on SIX
Swiss Exchange (LIFE),
Switzerland, is a leading healthcare technology and solution company,
specializing in advanced telehealth systems and wireless remote patient
monitoring services. LifeWatch's services provide physicians with critical
information to determine appropriate treatment and thereby improve patient
outcomes. LifeWatch AG has operative subsidiaries in the United States, in
Switzerland and in Israel, and is the parent company of LifeWatch Services
Inc., and LifeWatch Technologies, Ltd. LifeWatch Services, Inc. is a
leading U.S.-based provider of cardiac monitoring services and home sleep
testing of Obstructive Sleep Apnea (OSA). LifeWatch Technologies Ltd.,
based in Israel, is a leading developer and manufacturer of telemedicine
products. For additional information, please visit www.lifewatch.com.
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About Vital Connect, Inc.:
Vital Connect is a Silicon Valley-based startup founded in 2011 with the
goal to develop the newest generation of technologies that help address
some of the most challenging healthcare issues in the world today. Vital
Connect's extensive expertise enables the company to create wireless,
wearable biosensors that are small, powerful, and capable of capturing
clinical-grade biometric measurements in a continuous, configurable and
non-obtrusive manner. Through various partnerships, Vital Connect solutions
will be available for use in hospitals, research facilities, doctor's
offices, care facilities and homes. For more information, visit:
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Document title: LifeWatch AG signs agreement to utilize Vital Connect
Inc.'s HealthPatch(R) MD in its cardiac monitoring business
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Company: LifeWatch AG
8212 Neuhausen am Rheinfall
Phone: +41 52 632 00 50
Fax: +41 52 632 00 51
Listed: Freiverkehr in Berlin, Stuttgart; Frankfurt in Open
Market ; SIX
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