Your Board and management are focused on growth while returning excess capital to shareholders. Datascope has a sound strategic plan working to drive sustainable and profitable growth and we are confident that this plan will yield results in fiscal 2008 and beyond. Key elements of Datascope's strategic plan include:
- Strengthening our senior management team. In October 2007, Datascope
promoted Dr. Antonino Laudani to the newly-established role of Chief
Operating Officer. Dr. Laudani successfully created and headed
Datascope's EMEA (Europe, the Middle East and Africa) group and
previously served as President of Datascope's InterVascular business.
This promotion brings Dr. Laudani's considerable global expertise to the
Company as a whole.
- Continued expansion of our innovative product portfolio. In early
October 2007, Datascope launched NetGuard(TM), our revolutionary new
patient monitoring product. NetGuard is the first product designed
specifically to protect the unmonitored hospital population in the event
of a dangerous or life-threatening heart rhythm. Tens of thousands of
unmonitored patients die each year in the U.S. of such events. NetGuard
monitoring provides immediate detection of a life threatening heart
rhythm. Survival is closely linked to early detection and treatment.
NetGuard, a one-ounce wireless monitor, has the potential to save
thousands of lives as well as create a large, new market in patient
monitoring. We estimate there are at least 100 million unmonitored
patients in U.S. hospitals each year. We also conservatively estimate
the market potential for NetGuard to be in excess of $1 billion.
Our new Sensation(TM) 7 Fr. fiber-optic balloon catheter an
|SOURCE Datascope Corp.|
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