News | September 28, 2006

Stethoscope Jumps into 21st Century

Zargis Medical Corp., a spin-off from Siemens Corporate Research and a majority-owned subsidiary of Speedus Corp., has announced that it was selected as a runner-up in The Wall Street Journal's 2006 Technology Innovation Awards.

Zargis was selected as a runner-up in the Medical Devices category for Cardioscan, the world’s first computer-aided stethoscope that aids physicians in identifying and evaluating murmurs and other heart sounds that may be indicative of cardiovascular disease.

In selecting award winners, The Wall Street Journal’s panel of judges considered whether the submitted innovations represented breakthroughs from conventional methods, rather than just incremental improvements.

“We are thrilled to have received this recognition from The Wall Street Journal”,

“Despite the fact that the stethoscope has long served as a representative symbol of medicine, it has remained virtually unchanged for almost 200 years,” said Zargis CEO John Kallassy. “By leveraging our state-of-the-art technology to enhance and extend the clinical usefulness of the stethoscope in ways never before imagined, Zargis Medical has brought the age-old practice of assessing heart sounds into the 21st century.”

For more information visit www.zargis.com and www.speedus.com.

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