SAN DIEGO, March 31 /PRNewswire/ -- Triage Wireless, Inc. today
announced that it closed on a $20.3 million strategic investment round led
by Qualcomm Ventures. Other participants in this round included existing
investors Sanderling Ventures and 3i Group and new investor, Intel Capital.
To date, Triage Wireless has raised $25.8 million. The new proceeds will be
used to fund the commercialization of the Company's wireless vital signs
monitoring system, OmniScan(R), which features a novel proprietary method
for measuring blood pressure.
"This strategic investment reflects confidence in our OmniScan
Technology and its potential for mitigating the risk of medical errors and
other adverse events by providing a novel approach to continuous vital
signs monitoring," said Tom Watlington, Chief Executive Officer of Triage
Wireless, Inc. "We are fortunate to have two premier technology companies
as participants in this offering and look forward to working with them to
advance wireless medical technology."
"The expanded implementation of monitoring technology in hospitals can
not only improve care, but also enhance efficiency," said Nagraj Kashyap,
Senior Director and head of Qualcomm Ventures. "We believe the wireless
capabilities of the Triage technology will make such monitoring practical
in both the hospital and the home settings, and we are pleased to
participate in this offering."
About Triage Wireless, Inc.
Triage Wireless is a medical device company dedicated to development,
marketing and sale of a new generation of vital signs monitoring technology
that merges the benefits of wireless body-area network communication (WBAN)
with improved biosensors. The first generation of new sensors allow blood
pressure measurements to be made continuously for long periods of time
without relying on frequent inflations of an arm-worn cuff. With its
wireless capabilities, patients do not have to be tethered to the monitor
and results can be sent to any wireless network.
OmniScan(R) is a registered trademark of Triage Wireless, Inc.
SOURCE Triage Wireless, Inc.
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Related links:
http://www.triagewireless.com
CONTACT:
Tom Watlington, Chief Executive Officer,
Triage Wireless, Inc., +1-619-427-4629; Emily Kilpatrick,
Corporate Communications, Qualcomm Incorporated, +1-858-845-5959,
corpcomm@qualcomm.com
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