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Frost & Sullivan Honors Spencer Technologies for
Excellence in Neurodiagnostics Technology
San Francisco, Calif. -- March 25, 2004 --
Frost
& Sullivan recognized Spencer Technologies for achievements in the field
of neurodiagnostics with the Excellence in Technology of the Year Award
at last night’s 2004 Global Excellence in Medical Devices Awards
Banquet. This prestigious award is presented each year to a company
that pioneers the development and introduction of an innovative
technology – one that either has affected, or has the potential to
impact, several market sectors. It recognizes technical excellence that
can significantly contribute to the medical devices industry in terms of
adoption, change and competitive posture.
Spencer Technologies
has focused its research and commercial product development efforts on
capturing new market opportunities for its proprietary Digital Power
M-Mode™ Transcranial Doppler (PMD) device in such applications as:
embolism detection, brain blood flow monitoring, clot-busting drug
therapy, intra-cranial pressure monitoring (ICP), as well as the
diagnosis of Patent Foramen Ovale (PFO).
The company’s
achievement is exemplified by its PMD100 device, the world's first and
only stand-alone digital PMD system. It is based on a new modality for
transcranial Doppler (TCD) monitoring, the Digital Power M-Mode Doppler™
– a technology that is likely to continue influencing a growing number
of critical health applications and market segments.
“There had been
relatively little innovation in this market segment over the past two
decades, and popular TCD tools were considered very specialized and
usable only by experts,” says Frost & Sullivan industry analyst Rajaram
Sankaran. “However, Spencer Technologies is rapidly changing the market
by introducing a diverse range of innovative applications, which overlay
the platform provided by the PMD™ technology and is poised to become the
‘gold standard’ in TCD monitoring.”
The PMD100 is the only
system to offer digital front-end processing, and full long-term
recording and playback reprocessing of original signals. In addition, it
has pioneered the use of PMD for embolus detection. As a result, it is
increasingly being used for vascular diagnosis, vasospasm monitoring,
intra-operative monitoring, PFO diagnosis and monitoring, and neuro-interventional
monitoring.
This advanced PMD
system also offers considerable advantages over older analog TCD
technologies in terms of accuracy, ease of use, and effectiveness as a
diagnostic and monitoring tool. With the PMD100, new users such as
clinicians or technicians take only minutes to set up a ‘window’ or
identify the main arteries in the brain that need to be studied. The
same task can take significantly longer with existing analog TCD
technologies, for experienced users, and has virtually been unavailable
to many others. This digital system also offers accuracy levels more
than twice those of analog devices.
Through Spencer’s
distribution agreement with Terumo Cardiovascular Systems, part of the
global healthcare leader Terumo, the PMD100 has gained significant
popularity in a relatively short time, not only in the United States and
Canada, but also in countries such as South Korea, Taiwan, Germany, and
Switzerland. Most experts in the field are already considering, and in
many cases strongly recommending, the PMD100 as their system of choice.
Held in San Francisco,
the Frost & Sullivan banquet honored world-class companies for
outstanding performance and achievements in the medical devices
industry. An annual event, the banquet recognizes the quality and
merit of distinguished individuals and companies.
About Frost &
Sullivan
Founded in 1961, Frost & Sullivan is recognized as a global leader
in growth consulting. Frost & Sullivan Awards are presented to companies
that demonstrate excellence in their industry, commending the diligence,
commitment, and innovative business strategies required to advance in
the global marketplace. Frost & Sullivan rigorously analyzes specific
criteria to determine award recipients in a vast variety of market
industries and landscapes. For further information, visit
www.frost.com.
Contact:
Jamie Frizzel
Frost & Sullivan
210.247.2496
jfrizzell@frost.com
Pam Miller
The KMC Group (for Spencer Technologies)
425.450.9965
pamm@kmcgroup.com
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