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Improving Imaging-Reducing Costs and Errors – Providing Budgetary Solutions

Med One Capital and Signostics are pleased to announce they have joined forces to provide clinicians with the latest in portable ultrasound technology coupled with customized financial options aimed at eliminating budgetary restraints and paving the way for immediate adoption.

In early May 2016, Signostics launched its newest technology at the American Urological Association meeting. When the attendees indicated an immediate need for financing it brought the two companies together, allowing acute care and private practices to move forward rapidly with this unmatched portable ultrasound technology.

Robb Stevens, SVP of Leasing Sales at Med One Capital, said, “We look forward to working with the Signostics team to provide our 25-plus years of experience financing medical technologies for healthcare providers. We recognize the value of this new technology and believe that together we can provide a simple and easy solutions for any customer to acquire it.”

Signostics VP of Sales, Ryan Detzel said, “We recognized that many customers would see immediate value in USCAN but would need help in finding the budget. Med One Capital was our number one choice based on their knowledge of our customers’ needs and their reputation for being committed to helping healthcare providers access new technology, as well as their simple and easy to understand process.”

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Signostics Receives FDA Clearance for Uscan™ – The World’s First Smart Mobile-Connected Visualization Device Specialized for Urologic Care

Uscan provides urologic visualization for efficient and more confident point-of-care clinical decision-making

KIRKLAND, WASH. – MAY 6, 2016 – Signostics, the global innovator in smart, high reliability ultrasound devices for urology, announced today that it has received U.S. Food and Drug Administration (FDA) 510(k) clearance for Uscan™, the first smart mobile-connected ultrasound visualization device targeted at urologic care.

Using algorithms from the science of computer vision, Uscan actively recognizes the 3D contours of the bladder, for far more accurate volume measurements than the industry standard* even on obese and other hard-to-scan patients. It acquires up to 256 bladder slices – 32 times more than conventional bladder scanners – resulting in industry-leading accuracy. It also provides real-time ultrasound imaging of the kidneys, pelvic floor, prostate, gallbladder, bladder stones, and catheter emplacement, for quick and easy visual tracking and observation.

“Uscan doesn’t just scan; it sees – providing intelligent urologic visualization by leveraging science from current-day computer vision algorithms aimed at more efficient and confident point-of-care clinical decision-making,” said Kevin Goodwin, CEO. “Uscan will exceed historical industry standards for bladder volume measurement accuracy yet will also enable use for other urologic imaging needs, reducing the delays and expense of engaging specialized ultrasound equipment or sonographers.”

Uscan also offers integrated middleware not found in any comparably priced systems; and can be used in a range of clinical settings beyond urology, including the emergency department, maternity, pediatrics, oncology, rehabilitation, aged care and home nursing. The system’s removable probe, high-resolution touch screen tablet and handheld displays make it ideally suited for on-the-go clinical care.

It is compatible with Android operating systems, and has built-in WiFi and Bluetooth connectivity that enables fast and reliable image management and interoperability with electronic health record (EHR) systems.

Uscan also offers the industry’s lowest cost of ownership in this market space, coming with a designed- in 5-year product warranty, with a “no fine print” pledge and requires no annual calibration. It is simple to learn and use, and provides real-time user guidance, eliminating the need for extensive training.

Signostics will introduce Uscan to U.S. healthcare providers attending the American Urological Association’s 2016 Annual Meeting (AUA 2016) May 6-10, 2016 in San Diego, California.

Uscan is anticipated to be commercially available in the U.S. by June 2016.

About Signostics

Signostics Inc. is a wholly owned subsidiary of Signostics Limited, a global medical device manufacturer with headquarters in the U.S. and offices in Australia, UK and Japan. Signostics, a KKR portfolio company, is pioneering smart ultrasound devices to enhance imaging and clinical decision making in urologic care. The company’s products include Uscan, SignosRT ultrasound systems and the SignosRT Bladder Scanner – ultra-portable, affordable devices designed to assist with the diagnosis of common medical presentations at the bedside. The company has regulatory approvals in the U.S., Australia, Canada, Europe, Singapore and Japan, and exports to countries around the world. For more information, visit www.signosticsmedical.com.

Signostics and Uscan are Trademarks of Signostics Limited.
Caution: Federal (USA) law restricts this device to sale by or on the order of a physician.

*Based on comparative measurements of a phantom of known volume.


For Media Inquiries Contact:
Jessica Donnelly
Edelman
(323) 202-1051
Jessica.Donnelly@edelman.com

Signostics Appoints Industry Innovator Dr. Niko Pagoulatos as Executive Vice President and Chief Innovation Officer

Signostics, a start-up innovator in the field of highly miniaturized ultrasound technology, today announced the appointment of Dr. Niko Pagoulatos to the position of Executive Vice President and Chief Innovation Officer (CIO). This announcement comes on the heels of a $35 million long-term investment from KKR, a leading global investment firm.

Dr. Pagoulatos brings his nearly 20-year track record as a successful innovator in the ultrasound industry to Signostics after holding senior technology leadership positions at SonoSite working alongside Signostics CEO Kevin Goodwin. He is the author of six issued patents and several scientific papers and is also one of the first researchers in the world to develop algorithms and publish scientific articles on the real-time fusion of ultrasound and MR/CR data sets. He received his Bachelor of Science in Physics from the University of Athens and completed his graduate studies at the University of Washington where he received a Master of Science in Bioengineering in addition to a Master and PhD in Electrical Engineering.

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Signostics Announces Investment and Capital Partnership with KKR

CLOVELLY PARK, SOUTH AUSTRALIA (November 16, 2015) – Signostics, a start-up innovator in the field of highly miniaturized ultrasound technology, today announced a private investment of $35 million dollars from KKR, a leading global investment firm.

Since launching its first product in 2009, Signostics has remained focused on the development of handheld ultrasound technology. The new funding by KKR will allow Signostics to pursue cutting-edge medical innovations and to expand and accelerate global marketing and distribution for new products. Prior to this transaction, Signostics re-domiciled from Australia to become a Delaware-based corporation with newly-established headquarters in Kirkland, Washington.

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Signostics appoints former SonoSite executives in US and Japan

Following the recent appointment of former SonoSite Inc. CEO and medical ultrasound pioneer Kevin Goodwin as CEO, Australian medical device company Signostics has announced the appointment of Rick Salzar and Takatsuna Kitagawa, both former SonoSite Executives, as the company’s new Vice President of Global Distribution and Managing Director Japan, respectively.

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