Mansfield, MA - April 11, 2005 - Axeda Systems Inc. (Nasdaq: XEDAC), the world's leading provider of device relationship management (DRM) software and services, today announced that today announced that Respironics, a leading developer, manufacturer, and distributor of innovative products and programs that serve the global sleep and respiratory markets, has licensed the Axeda® DRM system for remote monitoring and proactive maintenance and service support of its Esprit® Critical Care Ventilators.
"At Respironics, we are always looking for innovative ways to raise the bar for the service we provide to our customers and our products," said Dick Ellis, director of hospital services. "Our company selected the Axeda DRM system based on its superior performance and security, and we are very excited to provide this best in class, remote service solution to our customers. This new maintenance and repair services product will be marketed under the name Respi-Link. Implementation of Respi-Link will allow our customers to change software and options on a schedule convenient to them and also receive remote assistance from our technical staff in the event it is needed. We expect to have this product in the marketplace by May of this year."
The Esprit Ventilator combines sophisticated design with easy-to-use features. The microprocessor driven unit is easily upgradeable and offers a range of modes and breath types including volume control, pressure control, and fully integrated noninvasive ventilation. The Esprit's mobility and versatility make it ideal for use in any setting, from hospital to sub-acute care facilities.
"Respironics joins a growing list of leading medical instrument and life sciences companies who are taking advantage of the proactive and remote service benefits that the Axeda DRM system provides," said Robert M. Russell Jr. chairman and CEO of Axeda Systems. "We are very pleased to welcome Respironics as a new customer."
Respironics' Hospital Division is focused on advancing the science and practice of respiratory care. The Division offers a single source for invasive and noninvasive cardiorespiratory diagnostic and therapeutic resources. Products include ventilators, monitors, disposable masks and accessories, pulse oximeters, and capnography devices.
Respironics is a leading developer, manufacturer and distributor of innovative products and programs that serve the global sleep and respiratory markets. Focusing on emerging market needs, the Company is committed to providing valued solutions to help improve outcomes for patients, clinicians and health care providers. Respironics markets its products in more than 125 countries and employs 3,600 associates worldwide. Further information can be found on the Company's Web site: www.respironics.com.
The Company's flagship product, the Axeda® DRM system helps manufacturing and service organizations increase revenue while lowering costs, by proactively monitoring and managing devices deployed at customer sites around the world. Axeda DRM is a highly scalable, field-proven, and comprehensive remote management solution that leverages its patented Firewall-Friendly™ technology to enable Machine-to-Machine (M2M) communication by utilizing the public Internet. Axeda customers include Global 2000 companies in many markets including Medical Instrument, Enterprise Technology, Office and Print Production Systems, and Industrial and Building Automation industries. Axeda has sales and service offices in the U.S. and Europe, and distribution partners worldwide. More information about Axeda is available at www.axeda.com.
Erin Nolan Smith