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WirelessDevNet.com Press Release
LifeWatch and Verizon Wireless to Expand Healthcare Telemedicine Solutions Agreement
LifeWatch Services, Inc., the leading provider of wireless telemedicine services in the U.S. and the major U.S. subsidiary of Swiss-based LifeWatch AG's (formerly Card Guard) (SIX Swiss Exchange: LIFE), today announced that it has reached an exclusive agreement with Verizon Wireless, the nation's leading wireless service provider. Under this agreement, Verizon Wireless will be the preferred network for LifeWatch's successful remote monitoring service for cardiac patients.
LifeWatch's rapidly expanding LifeStar ACT Ambulatory Cardiac Telemetry service has been used by more than 60,000 patients since its introduction in the first quarter of 2007. The service is routinely selected by the top 50 heart centers in the United States. "This strategic agreement underscores the common vision shared by LifeWatch and Verizon Wireless in the evolving telemedicine industry by combining our applications for timely patient diagnoses with the most reliable wireless telecommunication platform providing the highest quality transmissions of critical data," said Dr. Yacov Geva, Chairman and Chief Executive Officer of LifeWatch AG, the parent company of LifeWatch Services.
"Verizon Wireless' Evolution-Data Optimized (EV-DO) 3G network provides a secure, high-speed path for carrying data today and it will continue to do so as the demand increases in the future," said T.J. Fox, president- Illinois/Wisconsin Region, Verizon Wireless. "This agreement provides LifeWatch with custom solutions and a wireless platform to support long-term growth in the expanding healthcare market." Dr. Geva added, "New avenues of development for both companies will open as LifeWatch expands our innovation pipeline to remotely monitor patients for additional disease states and wellness conditions from virtually any location."
About LifeWatch AG
LifeWatch AG, headquartered in Neuhausen am Rheinfall and listed on SIX Swiss Exchange (LIFE), Switzerland, is the leading healthcare technology and solution company, specializing in advanced telehealth systems and wireless cardiac monitoring services. LifeWatch services treat high-risk and chronically ill patients, health conscious consumers and wellness programs. LifeWatch has subsidiaries in the United States, the Netherlands, Japan, the United Kingdom, Switzerland and Israel. LifeWatch AG is the parent company of LifeWatch Services Inc., a leading US-based cardiac monitoring service provider, and LifeWatch Technologies Inc., a US-based manufacturer of telecardiology products. www.lifewatch.com
About LifeWatch Corp.
LifeWatch is a wholly owned subsidiary of LifeWatch AG, the leading healthcare technology and solutions provider listed on SIX Swiss Stock Exchange (LIFE). LifeWatch Corp., through its operating subsidiaries LifeWatch Services, Inc. and LifeWatch Technologies, Inc. (Instromedix) is an independent provider of ambulatory cardiac monitoring services and a manufacturer and distributor of ambulatory cardiac and vital signs monitoring devices in the United States. Its current services are used by physicians primarily to monitor patients who are suspected of having heart rhythm disorders, or cardiac arrhythmias, and its products are used by itself and by others in connection with providing cardiac monitoring services. For more information, visit: www.lifewatch.com.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable and largest wireless voice and data network, serving more than 80 million customers. Headquartered in Basking Ridge, N.J., with more than 85,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE: VZ) and Vodafone (NYSE and LSE: VOD). For more information, visit www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia.
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