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CardioComm Solutions Inc (2)
Symbol EKG
Shares Issued 109,318,660
Close 2014-11-21 C$ 0.045
Market Cap C$ 4,919,340
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CardioComm to sell GEMS WIN through GE Healthcare

2014-11-24 11:52 ET - News Release

Mr. Etienne Grima reports

CARDIOCOMM SOLUTIONS TO MIGRATE EXISTING MARS EVENT SOFTWARE USERS TO GEMS WIN

CardioComm Solutions Inc. has entered a four-year agreement with GE Healthcare's diagnostic cardiology division which will see GE Healthcare recommending its MARS Event software customer base upgrade to the GEMS WIN platform. All upgrades will be performed by CardioComm Solutions directly.

The GE Healthcare/CardioComm Solutions relationship has been in place for the past eight years, during which time CardioComm Solutions has been providing GE Healthcare software under an original equipment manufacturing agreement. With Microsoft's announcement that Windows XP and Server 2003 support would be discontinued in 2014 and 2015, respectively, GE Healthcare decided that GEMS WIN and GEMS Lite would be sold in favour of the MARS Event station and MARS Event station lite, and that the MAR Event station and the MARS software will no longer be sold.

The recently released GEMS WIN and GEMS Lite software will provide the same user interface and capabilities of the MARS Event and Event Lite solutions, which will make the transition of an upgrade straightforward and not require staff retraining. In addition, GEMS WIN users may take advantage of the integration of new digital and wireless event recorders into their monitoring services as well as retain use of their legacy analogue electrocardiogram recorder devices.

CardioComm Solutions and GE Healthcare have reported a long collaborative relationship of ensuring that hospitals and physicians have continued access to the latest ambulatory ECG event management solutions available.

Under the terms of the agreement, GE Healthcare has agreed to actively work with CardioComm Solutions to inform MARS software users, or other relevant GE Healthcare clients, that the recently released GEMS software is the next-generation release of the MARS software for use within a Windows 7 and Server 2008 operating system. Promotion of an upgrade to the GEMS software will be accomplished through a collaborative and joint communication strategy which will include the use of the GE Healthcare sales force. This agreement will remain in place with annual renewals until June, 2018.

CardioComm Solutions has been successfully selling the GEMS WIN software upgrade into its own customer database since June of this year. This agreement adds a new list of prospects that CardioComm Solutions' sales force will be interacting with actively.

We seek Safe Harbor.

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