10, that it has tendered an offer to acquire all of the outstanding shares of Artema Medical AB of Stockholm, Sweden, a manufacturer of patient monitors and external cardiac
Science's fully automatic detection and defibrillation technology continuously monitors a patient's cardiac
activity, instantly detects the onset of a life-threatening heart rhythm, and when appropriate, automatically delivers defibrillation shocks within as little as 10 seconds and without human intervention to re-establish the heart's normal rhythm.
We believe our patented electrode technology will prove to be of great value to the company as prophylactic attachment of life-saving automatic defibrillation technology is adopted as the new standard of care for monitored cardiac
In addition, you may obtain documents filed with the SEC by Cardiac
Science free of charge by requesting them in writing from Cardiac
Secondly, we plan to refocus marketing efforts on cardiac
patient monitoring which has historically been Spacelabs core business strength, where technology synergies exist between our companies and new market opportunities are plentiful.
Today, there are significant delays in responding to patients in cardiac
arrest in hospitals.
In June 2000, Cardiac
Science licensed its proprietary technology to Medtronic Physio-Control for integration into Medtronic Physio-Control's LIFEPAK(R) products for the hospital market.
Not long after being connected to the Powerheart, each of these three cardiac
patients developed a ventricular tachyarrhythmia -- rapid, unstable rhythms that can prove lethal if not treated immediately.
Science develops and markets life-saving external cardiac
defibrillator devices and proprietary software that monitors a patient's cardiac
activity, instantly detects the onset of a life-threatening heart rhythm and automatically delivers defibrillation shocks within as little as 10 seconds and without human intervention to re-establish the heart's normal rhythm.
In addition to its use in cardiac
defibrillators, the Saft LO 26 SHX cell is used for radio communications and other military applications, beacons and emergency location transmitters, sonobouys, and missiles.
The fact that anyone can operate the defibrillator is significant, as survival rates from cardiac
arrests decrease about 1 percent per minute that a patient is left untreated by a defibrillation shock, and the national survival rate is merely 5 percent.
Science and Survivalink are currently collaborating to integrate Cardiac
Science's proprietary monitoring and automatic tachyarrhythmia detection technology into Survivalink's AEDs.