Recom Managed Systems Signs Expert Consultant in Systems Engineering to Assist with Development of Proprietary Technology
09 Juni 2005 - 2:00PM
Business Wire
Recom Managed Systems, Inc. (AMEX: RSY), a life-sciences company
developing patented heart-monitoring technology, announced today
that Rajiv Singh, a systems engineer with more than 25 years of
experience in business development, program management and
infrastructure, container, and port security technology, has signed
on as a consultant to the company. "Rajiv's impressive background
in engineering and business development for some of the leading
technology companies in the world make him an ideal fit for Recom,"
said Pamela Bunes, Recom's president and chief executive officer.
"His counsel and dedicated support will be of tremendous benefit as
we continue to advance the company's proprietary technology." In
his role at Recom, Mr. Singh will identify additional applications
for Recom's biomedical signal-processing platform and guide the
progress of the Model 100 Heart Monitor from the
research-and-development phase through the contract manufacturing
process and into market commercialization. Mr. Singh also will help
facilitate interdepartment communications to ensure that clinician
feedback is integrated into future Recom products. "Recom has
developed a ground-breaking technology with the potential to
revolutionize the practice of cardiac monitoring," said Mr. Singh.
"I look forward to the opportunity to work with the company at this
exciting phase, as we prepare to bring the Model 100 to market."
Most recently, Mr. Singh was director of business development for
L3 Communications, where he was responsible for expanding the
company's programs in critical infrastructure, container and
waterside/port security. He has also held positions with Logicon
Syscon and Earth Tech. He holds master's degrees in computer
science and management from Johns Hopkins University and a master's
degree in engineering from Southern Illinois University. Mr. Singh
lives in Ellicott City, Md. Breakthrough ECG Monitoring Technology
Recom's first product, the Model 100 Heart Monitor, is an
ambulatory patient heart monitor that uses patented
signal-processing technology to record a clinical-quality ECG
signal in the presence of "noise," or interference, generated by
the patient's body movements and ambient environment. By reducing
these interfering factors during recordings, the Recom Model 100
helps family practitioners, internists and cardiologists more
accurately detect cardiac abnormalities or changes that may occur
during daily activities and allows medical experts to collect
extensive, continuous cardiac data over time, which can establish a
baseline against which future readings can be compared. The Model
100 provides up to 48 hours of real-time heart monitoring during
patients' everyday activities. The Model 100 has received 510(k)
clearance from the Food and Drug Administration (FDA). About Recom
Managed Systems, Inc. Recom Managed Systems, Inc. is an emerging
life-sciences company focused on the monitoring and detection of
disease through continuous biomedical signal monitoring. Recom
Managed Systems, Inc. uses its patented signal technology to design
and develop medical devices that simplify and reduce the costs of
diagnostic testing and patient monitoring in an ambulatory setting.
With our patented signal-technology platform, Recom brings
clinical-quality physiological signal monitoring to the ambulatory
setting. Recom Managed Systems, Inc. is traded on the American
Stock Exchange under the symbol RSY. More information is located at
http://www.recom-systems.com. Caution Regarding Forward-Looking
Statements Statements in this release that are not strictly
historical are "forward-looking" statements. Forward-looking
statements involve known and unknown risks, which may cause Recom's
actual results in the future to differ materially from expected
results. Factors which could cause or contribute to such
differences include, but are not limited to, failure to complete
the development and introduction of new products or services,
failure to obtain federal or state regulatory approvals governing
medical devices, monitoring and other related services or products,
inability to obtain physician, patient or insurance acceptance of
Recom's products or services, adverse equity-market conditions and
declines in the value of Recom's common stock, and the
unavailability of financing to complete management's plans and
objectives. These risks are qualified in their entirety by
cautionary language and risk factors set forth and to be further
described in Recom's filings with the Securities and Exchange
Commission.
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