Press Release
Versus Technology, Inc.
Announces Collaboration with Cleveland Clinic to Create Clinical
Patient Flow Model
(Traverse City, Michigan, February 20, 2008) – Versus
Technology, Inc., (Versus) announces a collaboration with Cleveland
Clinic’s Glickman Urology & Kidney Institute that will combine Versus’
Real-time Location Information System (RTLIS), VISion™, with the Cleveland
Clinic's Glickman Urological & Kidney Institute’s clinical workflow
expertise to enhance Versus’ clinic-based patient flow solution.
The collaboration will develop and document clinic best
practices through increased efficiencies, automatic data capture, event
automation, and system integrations. The goal of this initiative is to
transform clinic processes improving patient safety and satisfaction while
reducing unnecessary expenditures related to time spent searching and waiting.
These efforts include retooling basic processes and time-consuming,
repetitive tasks with real-time location information passively collected
through the Versus patented Infrared (IR) and Active RFID sensory network. By
using technology to automate routine tasks, errors in data entry and delays due
to the fast-paced clinic environment will be reduced or prevented. Caregivers
will be free to dedicate more time to patient care.
“Versus has implemented hundreds of RTLIS solutions for
automating processes within acute care, emergency, perioperative, long-term
care and biomedical settings, so enhancing the Versus Location Information
System to assist outpatient clinics is a natural progression in this growing
marketplace. New technology allowing caregivers to provide for patients more
effectively and efficiently is an important need of healthcare systems,” said
Paul Timmerman, Versus' VP of Business Development.
About Versus Technology, Inc.
For
nearly 20 years, Versus Technology, Inc. has maintained the leadership position
in the development and sale of context-aware real-time location systems (RTLS) used for enterprise patient tracking, bed management and asset
tracking to improve patient
flow and caregiver/patient
communications in hospitals, clinics and long-term care facilities. Versus also
develops dual infrared and Active RFID tags and other location tracking
hardware to make locating systems more precise, security systems more
intelligent, nurse call systems automatic, and hospital asset tracking systems
more efficient. Indoor positioning through Versus’ RTLS enhances existing
hospital software and patient care systems with real-time, reliable bed-level
location information. The patented Versus IR and Active RFID patient and asset tracking system is exclusively endorsed by
the American Hospital Association and is a key component of their Patient Flow
Platform—which includes a select group of vendors that provide proven solutions
to enhance patient flow and improve patient safety. (www.versustech.com; Pink Sheets: VSTI.PK)
Safe Harbor Provision
This
document may contain forward-looking statements relating to future events, such
as the development of new products, the commencement of production, or the
future financial performance of the Company. These statements fall within the
meaning of forward-looking information as defined in the Private Securities
Litigation Reform Act of 1995. These statements are subject to a number of
important risks and uncertainties that could cause actual results to differ
materially including, but not limited to, economic, competitive, governmental,
and technological factors affecting the Company’s markets and market growth
rates, products and their rate of commercialization, services, prices and
adequacy of financing, and other factors. The Company undertakes no obligation
to update, amend, or clarify forward-looking statements, whether because of new
information, future events, or otherwise.
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Media
Contact: Investor/Analyst
Contact:
Versus Technology, Inc. Versus Technology,
Inc.
Stephanie Bertschy, Director of Marketing Joseph Winowiecki, Chief
Financial Officer
877.983.7787 231.946.5868
skb@versustech.com joew@versustech.com
