HeartCheck(TM) Technologies to be used to identify people at risk for potentially life-threatening drug side effects
Toronto, Canada / ACCESSWIRE / May 28 2014 / CardioComm Solutions, Inc. (TSX-V:EKG) ("CardioComm Solutions" or the "Company"), a global medical provider of electrocardiogram ("ECG") acquisition and management software solutions, today announced it has entered into a partnership agreement with the Clinical Neuroendocrinology Laboratory at the University of Texas at Austin (UT-Austin). The agreement involves CardioComm Solutions supplying HeartCheck(TM) ECG recording devices and access to the Company's patent-pending SMART Monitoring ECG services to be used in screening research subjects for the presence or absence of medication induced cardiac abnormalities.
Through the partnership, the UT-Austin research team will purchase HeartCheck(TM) devices and access to the SMART Monitoring ECG service. CardioComm Solutions will also provide enhanced training and support to the research staff and consultation as requested on protocol methodologies. All projects will involve collection of ECG data from research subjects by the UT-Austin research team using the HeartCheck(TM) ECG monitor. The resulting ECG files will be imported into CardioComm Solutions' GEMS(TM) Home file management software. Selected ECGs will then be transferred into the CardioComm Solutions cloud-based SMART Monitoring ECG service where the Company will provide ECG interpretation services and ECG over-read by a cardiac electrophysiologist.
"The CardioComm Solutions' ECG technologies are a critical part of our research protocols. The web-based ECG services will allow ECGs that are produced by HeartCheck(TM) ECG devices to be securely uploaded to CardioComm Solutions' ECG core lab services," stated Robert Josephs, who has appointments in the Department of Psychology, Institute for Neuroscience, and Institute for Mental Health Research at UT-Austin. "We expect our relationship with CardioComm Solutions to play a continuing and key role in our ongoing drug trials, which are designed to shed new light on the biologic processes underlying anxiety, depression, post-traumatic stress disorder and psychopathy. Combining their FDA cleared ECG management technology and service with our experience in the performance of clinical research studies will increase the likelihood that our projects will expand into large, multi-site NIH peer-reviewed research projects."
"Our partnership with the Clinical Neuroendocrinology Laboratory at UT-Austin fits our corporate goal for continued support of research and expansion of the use of our ECG monitoring technologies. Support of such research studies, with in-kind contributions, furthers our intention to develop long-term and mutually-beneficial relationships with universities, hospitals and pharmaceutical companies. These relationships will also have the added benefit of allowing CardioComm Solutions to participate in the publication of peer-reviewed studies, which will serve to: a) further validate our systems in clinical and research applications, and b) help position CardioComm Solutions' devices as the standard ECG screening technology for use in large, multi-centre, peer-reviewed studies. These proposed expansions will lead to the generation of new revenue streams from the sales of devices and ECG reading, Software as a Service (SaaS) use," reported Etienne Grima, Chief Executive Officer of CardioComm Solutions.
More information regarding the use of the HeartCheck(TM) products and SMART Monitoring ECG service in clinical, commercial and research use can be found at www.theheartcheck.com.
About CardioComm Solutions
CardioComm Solutions' patented and proprietary technology is used in products for recording, viewing, analyzing and storing electrocardiograms (ECGs) for diagnosis and management of cardiac patients. Products are sold worldwide through a combination of an external distribution network and a North American-based sales team. The Company has earned the ISO 13485 certification, is HPB approved, HIPAA compliant, and has received FDA market clearance for its software devices. CardioComm Solutions, Inc. is headquartered in Toronto, Canada, with offices in Victoria, B.C.
Etienne Grima, Chief Executive Officer
This release may contain certain forward-looking statements and forward looking information with respect to the financial condition, results of operations and business of CardioComm Solutions and certain of the plans and objectives of CardioComm Solutions with respect to these items. Such statements and information reflect management's current beliefs and are based on information currently available to management. By their nature, forward-looking statements and forward-looking information involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements and forward-looking information.
In evaluating these statements, readers should: specifically consider risks discussed under the heading "Risk Factors" in the Company's Annual Information Form, available at www.sedar.com; not to place undue reliance on forward-looking statements and forward-looking information; be aware the Company does not assume any obligation to update the forward-looking statements and forward-looking information contained in this Annual Information Form other than as required by applicable laws (including without limitation Section 5.8(2) of National Instrument 51-102 (Continuous Disclosure Obligations).
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: CardioComm Solutions, Inc.
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