Precision Dynamics Corporation and IntelliDOT™ Corporation Announce Joint Marketing Agreement
Patient safety innovator and wristband identification leader collaborate to best serve the needs of healthcare organizations in bar code point of care technology
San Fernando, CA (January 4, 2007) – Precision Dynamics Corporation (PDC), a leader in automatic wristband identification, and IntelliDOT™ Corporation, an innovator in patient safety and workflow management solutions for healthcare, today announce the implementation of a joint marketing agreement. In a close working relationship, the companies will be able to deliver to acute care facilities both a proven patient safety solution at the point of care, along with the convenience of patient wristbands embedded with either bar code or radio frequency identification (RFID).
San Diego-based IntelliDOT develops and installs point of care bar code patient safety and documentation systems in hospitals. San Fernando-based PDC manufactures and sells bar code and radio frequency identification wristbands for hospital use. The joint agreement between IntelliDOT and PDC defines a relationship that allows both companies to deliver an even more complete solution to professionals in the acute care setting.
"Precision Dynamics Corporation's wristband identification systems, particularly RFID technology, will make our point of care systems much easier to use at bedside. We look forward to working closely with the Precision Dynamics team," said Dave Swenson, R.Ph., Chief Operating Officer of IntelliDOT. "In our continuing efforts to protect the safety of all healthcare consumers through innovative technology, IntelliDOT anticipates the ability to better serve its customers."
"IntelliDOT’s CAREt System is leading the way in effective Auto ID point of care technology," said Rick Ellis, vice president of business development of Precision Dynamics Corporation. "In this joint relationship with IntelliDOT, PDC looks forward to maximizing both of our efforts to be able to protect patient safety through point of care technology."
About the CAREt System™
The CAREt System is the first nurse-centered workflow manager to connect caregivers with the information systems they need at the point of care. Designed to complement the way nurses work, the handheld CAREt System is simple to use and provides nurses with a single, wireless tool for medication safety and documentation at the bedside.
The integrated hardware and software solution provided by IntelliDOT results in a cost-effective "smart hardware" system for hospitals looking for a customized design for caregivers at the bedside. By simply scanning a patient wristband, nurses are prompted by the CAREt handheld tool through all required medication administration and documentation tasks that have accumulated for a patient. Information is clear, organized and delivered right into the caregiver's hand, right when it's needed.
About PDC RFID and Bar Code Wristbands
PDC's bar code and patented Smart Band® RFID Wristbands provide non-transferable positive patient identification for improved patient safety through reduced medical errors The Auto ID wristbands allow healthcare personnel to instantly and accurately capture and verify data for medication administration, point-of-care testing (POCT), transfusion, specimen collection/tracking, surgical site safety, and patient billing. The hospital bands also help ensure that the "Five Rights of Medication Safety" are achieved: right patient, drug, dose, route, and time; and, meet the requirements of JCAHO for positive patient ID, HIPAA for protection of patient privacy, and AHA to reduce risk of lost or transferred data
About Precision Dynamics
With 50 years of experience, PDC is a global leader and pacesetter in the development of Auto ID wristband systems for healthcare, patron management, and law enforcement. The company introduced the first patient Bar Code ID Wristband, patented Smart Band® Radio Frequency Identification (RFID) Wristbands, the AgeBand® Electronic Age/ID Verification System, and PDC Smart Kiosk® Cashless RFID System. PDC is committed to 100% quality in service, design, and manufacturing and has ISO-9001: 2000 and ISO-13485: 2003 certification. For more information, visit www.pdcorp.com
About IntelliDOT™ Corporation
San Diego-based IntelliDOT Corporation (www.IntelliDOT.net) provides an advanced, wireless workflow optimization and medication error prevention solution for hospitals and other health care providers. Working from a wireless network connection, IntelliDOT’s CAREt System incorporates a unique handheld computing device, an enterprise-class server and a sophisticated, but flexible software application. In addition to reading conventional bar codes, the CAREt System reads small, information-rich codes called DOTs that can be used to create customized documentation and communication applications.
Except for the historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties, including, but not limited to, risks and uncertainties associated with market acceptance of the CAREt System, whether the company will be successful in raising additional funds, the risk that sales of the CAREt System will not increase to target levels, and the effectiveness and marketability of healthcare information technologies, as well as other risks.