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news release: VSM MedTech Awarded MEG Contract by Cincinnati Children's Hospital
Vancouver, Aug. 18: VSM MedTech Ltd. (TSX:VSM), a leading supplier of magnetoencephalography (MEG) systems for noninvasive imaging of brain
function, today announced that it has been awarded a contract to provide a 275-channel CTF MEG(TM) system to Cincinnati Children's Hospital Medical
Center in Cincinnati, Ohio. The system is scheduled to be installed in the Division of Neurology's Clinical Neurophysiology Laboratory in the fourth
quarter of 2005.
"This order represents another significant milestone for VSM and evidence of the continuing penetration of our industry leading MEG systems into thegrowing clinical market," said Jack Price, VSM's President and Chief Executive Officer. "We are very pleased to add Cincinnati Children's Hospital to the growing list of medical centers that are implementing clinical CTF MEG programs." VSM's flagship CTF MEG system, which features 275 dedicated MEG sensor channels, a proprietary 29-channel reference array for unparalleled signal-to-noise performance and an integrated 128-channel EEG
system, will supplement the Clinical Neurophysiology Laboratory's EEG, electromyography (EMG), evoked potential and continuous video-EEG monitoring services. Cincinnati Children's is one of the top-ranked pediatric hospitals in the United States, having performed 3,450 EEGs, 395 EMGs, 21 evoked potentials and 296 video EEGs during the past year. "MEG will play a key role in the development of our clinical neurophysiology program by allowing us to improve the diagnosis, treatment,and prognosis of patients with epilepsy, brain tumors, and related illnesses,"
said Douglas F. Rose, MD, Professor of Pediatrics and Neurology at Cincinnati Children's Hospital. "This new MEG facility will allow us to non-invasively
evaluate children with neurological and neuropsychological disorders and continue to improve the standard of patient care."
"The acquisition of a MEG facility will provide the children of Cincinnati and surrounding areas with one of the most state of the art
diagnostic tools available in neurology and neurophysiology," said Ton deGrauw, MD, Division Director of Pediatric Neurology at Cincinnati
Children's Hospital. "We continue to demonstrate our commitment to excellence by becoming the first children's hospital in the United States to provide MEG
technology to our pediatric patient population."
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