Axeda Systems Inc. (Nasdaq: XEDA), the world's leading provider of device relationship management (DRM) enterprise software and services, announced today that it will lead an executive roundtable discussion at the Frost & Sullivan Medical Device Executive Summit in San Francisco, CA on Wednesday, March 24, 2004. Frost & Sullivan is the world's premier healthcare and life sciences consulting firm and in their ninth year of hosting the Summit.
The roundtable discussion will focus on the strategic deployment of Internet based remote diagnostics technology and how medical device manufacturers can benefit from this technology to gain a competitive advantage. It will also address how solutions such as the Axeda DRM(TM) system are securely deployed in hospitals and labs to assist with compliance of 21 CFR Part 11 and HIPAA regulations. Axeda will join executives from leading medical device companies including, Roche Molecular, Spacelabs Medical, and Varian Medical Systems.
"Delivering proactive service has become an important requirement in the medical device market," said Dale Calder, Axeda's President and Founder. "Laboratory instruments are mission critical and have an extremely high cost of downtime. Deploying remote diagnostics technology such as Axeda DRM will enable these companies to increase the performance and uptime of their devices and reduce their service costs. We are pleased to have the opportunity to speak with this group of industry leaders about how remote diagnostics technology is impacting their market."
The roundtable will begin at 11:00 a.m. on Wednesday, March 24, 2004 at the Grand Hyatt San Francisco, San Francisco, CA. For more information, please visit www.axeda.com or the Frost & Sullivan site at www.frost.com .
Frost & Sullivan was founded in 1961 in New York City with a specific mission: To publish world-class market consulting information and intelligence on emerging high-technology and industrial markets. The company soon developed a reputation as one of the world's leading companies in growth consulting and corporate training. Now well into its fourth decade, Frost & Sullivan has won a worldwide reputation for publishing high-quality growth consulting and training reports in more than 20 major industries. For more information, please visit www.frost.com .
Axeda Systems Inc. (NASDAQ: XEDA) is the leading provider of device relationship management (DRM) enterprise software and services. Axeda helps businesses become more competitive by using the Internet to extract real-time information hidden in their intelligent devices. The company's flagship product, the Axeda Device Relationship Management SystemTM, is a distributed software solution that lets businesses remotely monitor, manage and service intelligent devices, deployed around the world, allowing them to optimize their service, development, sales and manufacturing operations. Axeda customers include Global 2000 companies in many markets including Medical Instrumentation, Enterprise Technology, Industrial and Building Automation, Office Automation and Semiconductor Equipment industries. Axeda has sales and service offices in the U.S., Europe and Japan, and distribution partners worldwide. More information about Axeda is available at www.axeda.com .
Everyday intelligent devices such as copiers, elevators, vending machines, building control units, medical devices, computers and storage systems, and industrial machines are an important new source of business information. Device relationship management systems allow companies to tap into this valuable information anytime anywhere. Pioneered by Axeda, device relationship management technology provides a distributed information management system that leverages the Internet to allow timely, accurate, and unbiased information to be communicated automatically between intelligent devices, wherever they are deployed around the world, and service personnel or enterprise business systems. Device relationship management helps turn reactive businesses into proactive businesses providing new sources of revenue, increased operational efficiency and lower costs, with an ROI that is often measured in months.
Press Contact:
Erin Nolan Smith
Corporate
+1 508-718-6351
enolan@axeda.com
