News out. I don't know if this is great news or not since the AIPS isn't on the Market yet. Am I missing something?
CytoCore and Zycom to Sign Distribution Agreement
6:30a ET January 20, 2009 (Business Wire)
CytoCore, Inc. (OTCBB:CYTO), the developer of cost effective products used for the detection of cancerous and precancerous conditions and privately held Zycom Touch, LLC., today announced that they have reached an agreement in principle for CytoCore to distribute OmniDROP(TM) on an exclusive basis to medical laboratories, hospitals, and HMO networks in the U.S. and non-exclusively internationally.
OmniDROP(TM) is the first bi-directional HIPAA-compliant peer-to-peer drop box communications software utility for Windows(R) and Apple(R) systems and is specifically designed to facilitate effective communications between physicians, medical laboratories, healthcare facilities, third party payors and patients. The program is offered on a subscription or fee-for-service basis depending upon the type of installation. OmniDROP is also designed to support the Ring Communicator(TM), a unique touch-enabled interface that organizes, manages and facilitates the complex communications inherent in many types of medical and dental procedures. CytoCore will offer OmniDROP as the HIPAA-compliant communications network for its Automated Imaging Proteomic Systems (AIPS(TM)) Cytology Workstation as well as for communications between physicians, medical laboratories and healthcare facilities.
"We are pleased to select CytoCore as Zycom's exclusive United States partner for the market launch of OmniDROP for laboratories, hospitals and HMOs in the United States. OmniDROP and the Ring Communicator will provide excellent communication features to the specimen screening, slide reporting and data management capabilities of CytoCore's AIPS system," stated John A. Ananian, President of Direct Response Medicine, LLC., the software developer and technology licensor to Zycom Touch, LLC. "We believe CytoCore's medical systems industry experience will be integral to the adoption of our products within the healthcare chain of providers (physicians, laboratories, hospitals) and payors. Our combined products should dramatically lower provider expenses and increase operating efficiencies through reduction of paperwork and redundant operating procedures," added Mr. Ananian.
"CytoCore's AIPS workstation documentation management software in conjunction with Zycom's OmniDROP and Ring Communicator will offer an effective communication tool for medical providers to meet the healthcare 'paper less' goals of the Obama Administration," stated Robert McCullough, Jr., CytoCore's CEO. "In addition, we expect that OmniDROP and the Ring Communicator will accelerate the adoption of CytoCore Solutions(TM) products by OB/GYNS and laboratories operating within healthcare networks. We anticipate initial roll out of the OmniDROP(TM) in the next 6 months with CytoCore earning a per transaction fee from Zycom," stated McCullough. "These products will be either embedded in the AIPS workstation or implemented independently by healthcare providers. We are impressed by OmniDROP's acceptance in the dental industry and believe these products will enhance the communication functions of CytoCore's AIPS workstation within medical laboratories and affiliated hospital departments and referring physicians," stated Richard Domanik, Chief Operating Officer of CytoCore, Inc.
OmniDROP combines a highly secure and reliable communications protocol with a user-friendly interface and the ability to send files and messages from any application. Workflow rules, message tracking, confirmation and alert functions ensure the traceability and accountability required by medical and other critical applications.
Privately held Zycom Touch, LLC. based in Temecula, California exclusively distributes OmniDROP(TM) and the Ring Communicator(TM) for healthcare and other industries.
