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NMKT related news... - Sensitron, Inc. Awards UK Distribution Rights for the Medical System CareTrends Wireless Bridge to Sensitron UK Ltd.

August 26, 2004 10:48:00 (ET)


SAN MATEO, Calif., Aug 26, 2004 (BUSINESS WIRE) -- Sensitron, Inc., a wireless healthcare innovations company, awarded UK distribution rights for its CareTrends(TM) Wireless Bridge to Sensitron (UK) Ltd., for upfront license fees and equity share in that organization. This partnership allows Sensitron Inc. to offer its services in the UK and creates a gateway into the European markets. The CareTrends(TM) system makes it easier to move vital signs and other clinical data into clinical information systems -- a feature that could benefit the NHS's implementation of its electronic medical records (EMR) systems. Rajiv Jaluria, the CEO and President of Sensitron Inc., stated, "Sensitron is pleased to have an agreement with a channel partner with knowledge of local infrastructure and logistics. We are now able to enter those market segments in the UK and European markets that are not part of the present U.S. focus."

The Efficient and Practical Software

Sensitron's CareTrends(TM) Wireless Bridge enables a wide array of vital signs' and other clinical data to be wirelessly transmitted, via secure encryption, to a server based electronic patient record of choice. Potential errors are reduced in data transmission by dating and timing all data while creating an effective audit trail. The system directly links point-of-care devices with clinical information systems, thus reducing time, clinical risk and allowing clinicians to maintain a higher standard of clinical care. The CareTrends(TM) system can support a large variety of applications for Hospitals and Clinics, Nursing and Care Homes, Homecare and Assisted Living, Occupational Health, Insurance Screening, and Correctional Facilities and Detention Centers.

Fulfills Healthcare Providers' Demands

The CareTrends(TM) System offers many advantages to address healthcare providers' myriad needs, which include immediate access to information and a reduction in paperwork. Additional features include the wireless transmission of vital sign and other medical data, the transmission of data in real time via WLAN, WAN infrastructures, graphical data presentation, electronically organizing data population, integrating with any existing database system, communicating with any digital based monitoring device and the ability to link with multiple assessment tools. The data and trends can be presented intra-hospital, inter-hospital, at a clinician's office, or via any web-based PDA or telephone.

Uses The Latest Technology

The CareTrends(TM) Wireless Bridge System uses a combination of wireless Bluetooth and 802.11b communications protocols to send data from any point-of-care medical device to any existing server based electronic patient record. A Bluetooth and 802.11b wireless enabled tablet PC or other similar windows based interface facilitates the data communications, allowing the caregiver to automatically transmit the vital signs data and relevant patient information, and view current and historical data. The enterprise software in the server collects the readings and records results according to parameters set by the clinician before presenting data to caregivers. The system is modular enough to accommodate multiple hospital facilities with data communication customized per patient. By combining vital signs information with other related clinical patient records, the clinician is armed with a complete view of the patient's status, enabling him or her to make a better assessment of the patient's overall health.

About Sensitron, Inc. (http://www.sensitron.net):

Sensitron, Inc. is a Silicon Valley-based wireless healthcare innovations company that has developed the CareTrends(TM) Wireless Bridge System. The system minimizes transcription errors and eliminates lag time between the reading, capture, and documentation of clinical data because it directly communicates vital signs and other data from wirelessly enabled point-of-care medical devices at the bedside.

About Sensitron (UK), Ltd. (http://sensitron.co.uk):

Sensitron (UK), Ltd. is a UK-based company that offers medical software solutions to the UK, Irish, and European healthcare markets. Sensitron (UK) mainly focuses on hospitals and clinics, nursing and care homes, and homecare and assisted living, among other sectors. The management team brings over 40 years of healthcare experience, along with dexterity in healthcare consultancy, strategic redesign, and financial management.

About NewMarket Technology, Inc. (http://newmarkettechnology.com):

NewMarket Technolgy, Inc. (NMKT, Trade) is a minority equity partner in Sensitron, Inc. In 2002, NewMarket launched a business plan to continuously introduce emerging communication technologies to market. The plan included a financing model for early technologies and an approach to creating economies of scale through a specialized service and support organization intended specifically for the emerging technology industry. The Company posted six consecutive profitable quarters through 2003 and established an annualized $15 million in revenue. In 2004, the Company diversified its communications technology offering into the healthcare and homeland security industries with the respective acquisitions of Medical Office Software Inc. and Digital Computer Integration Corp. The Company has expanded sales into Asia and Latin America through the acquisitions of Infotel Technologies in Singapore and RKM IT Solutions of Caracas, Venezuela. After the second quarter of 2004, NewMarket has booked over $10 million in revenue and has achieved a revenue run rate of more than $40 million.

This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.

SOURCE: NewMarket Technology, Inc.


Sensitron, Inc.
Marie Bendix, 650-358-0244 x104
[e-mail]
or
Samir Jaluria, 650-232-2330
[e-mail]
or
LC Group for NewMarket Technology, Inc.
Rick Lutz, 404-261-1196
[e-mail]

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