LifeWatch's rapidly expanding LifeStar ACT Ambulatory Cardiac Telemetry service has been used by more than 60.000 patients since its introduction in the first quarter of 2007. The service is routinely selected by the top 50 heart centres in the United States.
"This strategic agreement underscores the common vision shared by LifeWatch and Verizon Wireless in the evolving telemedicine industry by combining our applications for timely patient diagnoses with the most reliable wireless telecommunication platform providing the highest quality transmissions of critical data", stated Dr. Yacov Geva, Chairman and Chief Executive Officer of LifeWatch AG, the parent company of LifeWatch Services.
"Verizon Wireless' Evolution-Data Optimized (EV-DO) 3G network provides a secure, high-speed path for carrying data today and it will continue to do so as the demand increases in the future", stated T.J. Fox, president, Illinois/Wisconsin Region, Verizon Wireless. "This agreement provides LifeWatch with custom solutions and a wireless platform to support long-term growth in the expanding health care market."
Dr. Geva added: "New avenues of development for both companies will open as LifeWatch expands our innovation pipeline to remotely monitor patients for additional disease states and wellness conditions from virtually any location."
LifeWatch AG, headquartered in Neuhausen am Rheinfall and listed on SIX Swiss Exchange (LIFE), Switzerland, is a health care technology and solution company, specializing in advanced telehealth systems and wireless cardiac monitoring services. LifeWatch services treat high-risk and chronically ill patients, health conscious consumers and wellness programmes. LifeWatch has subsidiaries in the United States, The Netherlands, Japan, the United Kingdom, Switzerland and Israel. LifeWatch AG is the parent company of LifeWatch Services Inc., a United States-based cardiac monitoring service provider, and LifeWatch Technologies Inc., a United States-based manufacturer of telecardiology products.
LifeWatch is a wholly owned subsidiary of LifeWatch AG. LifeWatch Corporation, through its operating subsidiaries LifeWatch Services Inc. and LifeWatch Technologies Inc. (Instromedix) is an independent provider of ambulatory cardiac monitoring services and a manufacturer and distributor of ambulatory cardiac and vital signs monitoring devices in the United States. Its current services are used by physicians primarily to monitor patients who are suspected of having heart rhythm disorders, or cardiac arrhythmias, and its products are used by itself and by others in connection with providing cardiac monitoring services.
Verizon Wireless operates the United States' most reliable and largest wireless voice and data network, serving more than 80 million customers. Headquartered in Basking Ridge, New Jersey, with more than 85.000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications and Vodafone. More company news is available in the VMW March 2008 article Verizon teams with Medical College of Georgia to test wireless cutting-edge technology.