In addition, the alliance provides Zargis with a wide-range of marketing and promotional opportunities along with exclusive rights to sell its ground- breaking heart sound analysis software through the global distribution network of the Littmann brand. The agreement grants 3M a minority equity position in Zargis, following the first sale of Zargis' software through the 3M distribution channel, and a seat on Zargis' board of directors.
Tom Miller, member of Siemens Medical's Executive Management Board, stated, "We are very encouraged by this agreement and the progress Zargis has made since it spun off from Siemens Corporate Research and we look forward to continuing our support and seeing their business mature."
About 3M HealthCare
3M HealthCare, one of 3M's six major business segments, provides world- class innovative products and services to healthcare professionals to improve the practice, delivery and outcome of patient care in medical, oral care, drug delivery and health information markets.
About 3M -- A Global, Diversified Technology Company
Every day, 3M people find new ways to make amazing things happen. Wherever they are, whatever they do, the company's customers know they can rely on 3M to help make their lives better. 3M's brands include Scotch, Post-it, Scotchgard, Thinsulate, Scotch-Brite, Filtrete, Command and Vikuiti. Serving customers around the world, the people of 3M use their expertise, technologies and global strength to lead in major markets including consumer and office; display and graphics; electronics and telecommunications; safety, security and protection services; health care; industrial and transportation.
Littmann, Scotch, Post-it, Scotchgard, Thinsulate, Scotch-Brite, Filtrete, Command and Vikuiti are trademarks of 3M.
For more information, including the latest product and technology news, visit http://www.3M.com.
About Zargis Medical
|SOURCE Zargis Medical Corp.; 3M|
Copyright©2007 PR Newswire.
All rights reserved