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Siemens and Optovent sign letter of intent
6/28/2002 4:36 AM EST
SIEMENS AND OPTOVENT SIGN LETTER OF INTENT
Final agreement to be signed by end of year
Taby, Sweden, June 27, 2002 -- Optovent AB announces the signing of a
letter of intent with the Electromedical Systems Division of Siemens
Medical Solutions, Inc. to provide Siemens with Optovent FORE technology
for respiratory monitoring. Siemens is presently evaluating Optovent
FORE technology for integration into its future product development.
"We see this agreement as a testament to the quality and power of
our technology," said Christer Jacobsson, CEO of Optovent. "Our future
in the American market looks bright; this agreement is a milestone in
our continued growth and success."
The letter indicates an intention to sign a final agreement before
the end of the year. Siemens anticipates the agreement will enhance its
ability to provide powerful solutions to the critical care market.
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