LMS receives Achievement Award from Healthcare Industry Association
April 09 2008 - 11:53AM
PR Newswire (US)
MONTREAL, April 9 /PRNewswire-FirstCall/ -- LMS Medical Systems
(AMEX:LMZ; TSX:LMZ), today announced it received the Achievement
Award from the Quebec Association of the Health Technologies
Industry (AITS) for growth momentum demonstrated by the company
over the past year. The award was announced during the Annual
Conference of the Association held March 13-14 in Montreal. In the
course of the past calendar year, having achieved several key
product delivery milestones, LMS transitioned from software
development to sales and operations. The company doubled the number
of customers committed to using its obstetrical software
applications, growing from 40 to 86 between January 1 and December
31, 2007. Revenue also doubled over the same period. The
Association represents a strategic segment of the Quebec healthcare
industry with companies designing and developing innovative and
efficient software applications and devices marketed in Canada and
internationally. Solutions include patient care and diagnostics,
monitoring, safety, telehealth and transaction based applications
and products. All members of the value chain are represented,
including university research stakeholders and financial players.
"We are honored to receive this award," said Diane Cote, President
and CEO of LMS. "Over time, the entire LMS team has been focusing
on building the fundamentals that are the cornerstones to our
future growth: we are so pleased with the recognition of the
achievement of these milestones by our peers." About AITS: The
Association of the Health Technologies Industry (AITS) contributes
to the creation and the development of businesses in the health
technologies industry. AITS ensures its members receive
acknowledgement in both the domestic and export markets and defends
their interests on the national level. AITS helps energize the
industry around innovation and expertise and regroups approximately
one hundred members coming from different fields such as R & D
firms, manufacturers and distributors of materials, equipment,
supplies, services and computer and electronic products for the
health industry. For more information, visit http://www.aits.ca/.
About LMS: LMS is a healthcare technology company and developer of
the CALM(R) clinical information system and risk management
software for obstetrics. It is a leader in the application of
advanced mathematical modeling and neural networks for medical use.
The LMS CALM(R) Clinical Situational Awareness solutions provide
physicians, nursing staff, risk managers and hospital
administrators with tools designed to improve outcomes and patient
care for mothers and their infants during labor and delivery. For
more information, visit http://www.lmsmedical.com/. Except for
historical information contained herein, the matters discussed in
this news release are forward-looking statements. Because these
forward-looking statements involve risks and uncertainties, there
are important factors that could cause actual results to differ
materially from those expressed implied by the forward-looking
statements including, but without limitation, economic conditions
in general and in the healthcare market, the demand for and market
for our products in domestic and international markets, our current
dependence on the CALM product suite, the challenges associated
with developing new products and obtaining regulatory approvals if
necessary, research and development activities, the uncertainty of
acceptance of our products by the medical community, the lengthy
sales cycle for our products, third party reimbursement,
competition in our markets, including the potential introduction of
competitive products by others, our dependence on our distributors,
physician training, enforceability and the costs of enforcement of
our patents, potential infringements of our patents and the other
factors set forth from time to time in the Company's filings with
the United States Securities and Exchange Commission and with the
Canadian Securities Commissions. The Company has no intention of or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
DATASOURCE: LMS MEDICAL SYSTEMS INC. CONTACT: Andrea Miller,
Communications, LMS Medical Systems Inc., (514) 488-3461 Ext. 222,
Fax: (514) 488-1880, , http://www.lmsmedical.com/; Grant Howard;
Dave Burwell, The Howard Group Inc., Toll Free: 1-888-221-0915, ,
http://www.howardgroupinc.com/
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