(1888PressRelease)
September 23, 2008 - Cleveland, OH - ZIN Technologies, Inc. and Cleveland Clinic have completed the formation of ZIN Medical, Inc. ZIN Technologies has a majority ownership interest in the company. ZIN Medical develops advanced wireless monitoring products that provide vital sign and other physiologic parameter storage, analysis, and transmission outside of the hospital or clinical setting back to patient electronic medical record (EMR) systems. ZIN Medical also develops back-end software applications designed for clinical research and patient disease management.
The initial product, vMetrics, is a wireless biomedical monitoring device about the size of a Palm Pilot that can monitor several parameters, such as blood pressure, pulse oximetry, pulse, EMG, and ECG. Sensors for each parameter or vital signs are attached to the vMetrics device and the data is wirelessly and securely transmitted from a remote location to the health care provider, or directly into a patient’s electronic medical record. An advantage of vMetrics is its modularity, allowing it to be adapted to various disease states and to communicate across various standard network or wireless protocols. Currently, several clinical trials using the vMetrics device are being conducted.
“Remote patient monitoring is a rapidly expanding market that plays a critical role as hospitals attempt to manage increases in ageing but mobile patient populations,” said Daryl Laisure, CEO of ZIN Medical. Recent market studies have determined the amount of patients requiring monitoring is substantial as our population ages. These patients are expected to double over the next decade, while nurses and hospital staff will be unable to absorb this continuing demand. Remote patient monitoring addresses this growing concern. Cellular and network based multi-parameter monitoring systems will benefit pre- and post operative, long-term Coumadin and sleep apnea patients. Additional market opportunities for vMetrics include clinical test trials, military applications and the consumer wellness market.
ZIN Technologies is a Cleveland, Ohio based company that focuses primarily on the design and development of advanced technologies and products, serving the aerospace industry, specifically NASA and the Department of Defense. ZIN Technologies and Cleveland Clinic have been collaborating with NASA Glenn Research Center on compact wireless biometric monitoring for astronaut and extravehicular activity (EVA) applications for a number of years. The genesis of this biometric monitoring technology stems from space vehicle vibration/acceleration distributed sensing systems designed by ZIN Technologies that are currently used on the International Space Station (ISS). These systems have been used for nearly two decades on the Space Shuttle, MIR and now ISS. ZIN Technologies has recently completed a NASA Phase I SBIR to integrate this technology into the next generation astronaut space suit, expanding its capabilities.
Further information and inquiries can be obtained by contacting:
Daryl Laisure, CEO of ZIN Medical, Inc. and ZIN Technologies, at 440 625-2278,
or Alan Chmiel, Vice President of Product Development - ZIN Medical, Inc., at 440 625-2291.
zinmedical.com
zin-tech.com
About Cleveland Clinic Innovations
CC Innovations, the commercialization and innovation arm of Cleveland Clinic, organizes the Medical Innovation Summit, promotes innovation and is responsible for commercialization of all Cleveland Clinic technologies. CC Innovations advances product-oriented innovation and transforms promising therapies, devices and diagnostics into beneficial medical products, via spin-off companies, licensees and equity partnerships.
About Cleveland Clinic
Cleveland Clinic, located in Cleveland, Ohio, is a not-for-profit multispecialty academic medical center that integrates clinical and hospital care with research and education. Cleveland Clinic was founded in 1921 by four renowned physicians with a vision of providing outstanding patient care based upon the principles of cooperation, compassion and innovation. U.S. News & World Report consistently names Cleveland Clinic as one of the nation’s best hospitals in its annual “America’s Best Hospitals” survey. Approximately 1,800 full-time salaried physicians and researchers at Cleveland Clinic and Cleveland Clinic Florida represent more than 100 medical specialties and subspecialties. In 2007, there were 3.5 million outpatient visits to Cleveland Clinic and 50,455 hospital admissions. Patients came for treatment from every state and from more than 80 countries. Cleveland Clinic’s Web site address is clevelandclinic.org.
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