Speedus (CE) (USOTC:SPDE)
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Zargis Signs Exclusive Pact With Johns Hopkins University
PRINCETON, N.J., Nov. 12 /PRNewswire-FirstCall/ -- Zargis Medical Corp., a
majority-owned subsidiary of Speedus Corp. (NASDAQ:SPDE), announced today it
has signed an exclusive agreement with Johns Hopkins University and its Applied
Physics Laboratory.
The agreement will give Zargis exclusive commercial rights to JHU's signal
processing algorithms, certain patents including "System and Method for
Diagnosing Pathologic Heart Conditions", patent applications and other
intellectual property, including an extensive cardiac research database of more
than 6,500 recordings from over 1,200 individuals. This collaboration between
Zargis and JHU will not only enable Zargis to expedite its product development
pipeline in this field, but also accelerate any potential clinical adoption
through association with one of the world's leading medical research centers.
The agreement will also provide access to JHU's outstanding clinical and
scientific staff who will supplement Zargis' research and development
capabilities to enhance and develop future products.
"This work is a natural follow-on to signal processing techniques and
algorithms we have developed for detecting and classifying submarines and we
are very excited to be working with the research and clinical teams at Zargis,"
commented Physicist Scott Hayek from the Applied Physics Lab of Johns Hopkins
University.
According to John Kallassy, Managing Director of Zargis, "This agreement
furthers Zargis' current leadership position in computer-assisted heart sound
analysis which has the potential to both improve the quality of patient care
and reduce the costs associated with unnecessary referrals."
About Johns Hopkins University and Applied Physics Laboratory
The Applied Physics Laboratory, a division of The Johns Hopkins University,
meets critical national challenges through the innovative application of
science and technology. For information, visit http://www.jhuapl.edu/.
The Johns Hopkins University School of Medicine strives to provide
international leadership in the education of physicians and medical scientists,
in biomedical research, and in the application of medical knowledge to patient
care. For information, visit http://www.hopkinsmedicine.org/.
About Zargis Medical Corp.
Zargis Medical Corp. was formed in January 2001 when Siemens Corporate Research
Inc., a subsidiary of Siemens AG (NYSE:SI), and Speedus Corp. (NASDAQ:SPDE)
co-invested in Zargis to further develop and commercially market an advanced
acoustic technology for detecting abnormalities identified through analysis of
heart sounds. Based in Princeton, New Jersey, Zargis is developing advanced
diagnostic decision support products and services for primary care physicians,
pediatricians, cardiologists and other healthcare professionals.
Zargis has developed Cardioscan, the first and only FDA approved computer-
assisted medical device to support physicians in analyzing heart sounds for the
identification of suspected murmurs, a potential sign of heart disease.
Cardioscan is easy to use, non-invasive, portable, and takes just minutes to
perform. Developed by scientists from Siemens and Zargis over many years,
Cardioscan implements voice-guided protocol and graphical user interface while
maintaining an efficient physician workflow. The system provides a summary of
findings in terms that are readily understood by physicians with more
quantitative auscultatory information than is possible through listening alone.
Thus, Cardioscan enhances auscultation which has been universally employed
through a stethoscope for nearly two hundred years.
For additional information on Speedus Corp. or Zargis Medical, contact John
Kallassy, 718.567.4358, , or visit their websites at http://www.speedus.com/
and http://www.zargis.com/.
For additional information on Siemens Corporate Research, visit their website
at http://www.scr.siemens.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.
DATASOURCE: Zargis Medical Corp.
CONTACT: John Kallassy, +1-718-567-4358, or
Web site: http://www.speedus.com/
http://www.zargis.com/
http://www.jhuapl.edu/.
http://www.hopkinsmedicine.org/
http://www.scr.siemens.com/