Cardiac Network has signed a Memorandum of Understanding (MOU) with Pacific Innovations, a private technology development company, to complete the development of a new technologically-advanced cardiac monitoring system for Cardiac Network.
The new cardiac monitoring device prototype is expected to be demonstrated during the second quarter of 2010, and will utilise a combination of advanced technologies.
The system will also include a user-friendly patient online interface to allow access through wireless and WiFi networks to a secure central monitoring database for purposes of uploading and storing electrocardiogram, or ECG, data measuring electrical activity of the heart.
Under the Licensing Letter of Intent and MOU, the devices will be patented by Pacific Innovations, and available to Cardiac Network. This technology would be made available under healthcare plans and marketed through retail direct-to-consumer channels.
Under an existing joint venture agreement with Med Mobile, and devices available with its overseas manufacturer, Cardiac Network has the ability to offer with its cardiac devices Personal Emergency Response Systems (PERS) to its patients.
The PERS devices contain an integrated active GPS system that can activate ‘panic’ alerts to Cardiac Network’s 24/7 monitoring station, and provide accurate location tracking and get immediate live assistance as needed. Patients can talk directly with the monitoring station, said the company.