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Hoana Medical, Inc. Awarded a Federal Supply Contract Through the U.S. Department of Veteran Affairs
Date:6/12/2008

More than 240 Federal Hospital Facilities Provide a Unique Market

Opportunity

HONOLULU, June 12 /PRNewswire/ -- Hoana Medical, Inc. announced today that it has been awarded a coveted Federal Supply Contract (Contract # V797P-4065b) through the U.S. Department of Veteran Affairs (VA), which will allow the company to market and sell the LifeBed(TM) Patient Vigilance System to more than 240 federal medical facilities and DoD hospitals across the country. Traditionally, obtaining a Federal Supply Contract is a rigorous and time-consuming process and awarded only to top-tier organizations that have a proven track record in the respective federal supply category.

"Hoana Medical being awarded a Federal Supply Contract is an important achievement and greatly expedites the process of selling goods and services to government and federal facilities," said Patrick Sullivan, Ph.D. and chief executive officer of Hoana Medical. "With the contract, Hoana's LifeBed is well-positioned to help government medical facilities improve patient safety, provide patient vigilance, and support an already overtaxed nurse workforce. Although obtaining the Federal Supply Contract was difficult, it will be a powerful tool to accelerate market adoption of the LifeBed."

With most medical facilities around the country looking for ways to improve patient safety and satisfaction, the LifeBed represents new technology that will enhance the standard of care on the general care floor.

About Hoana Medical, Inc.

Launched in 2002, Hoana Medical, Inc. is the world's leading healthcare company focused on "Intelligent Medical Vigilance" in acute care hospitals where approximately 200,000 people die from errors and mistakes. It's first U.S. Food and Drug Administration (FDA)-cleared offering, the LifeBed(TM) Patient Vigilance System ("LifeBed"), transforms any hospital bed into a LifeBed(TM) System by tracking a patient's vital signs without any wires or connections to the patient. At the intersection between information technology and medical devices, the LifeBed(TM) System acts like another set of eyes for the nurse and alerts if a patient is in trouble. It delivers "vigilance" in an un-tethered and invisible manner, however, if the patient is in trouble, the LifeBed(TM) System calls for help. Experience on more than 12,000 individual hospital patients around the U.S. has yielded dramatic stories of nurses intervening to save a patient's life. Hoana is headquartered in Honolulu, Hawaii. For more information, please visit http://www.hoana.com.


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SOURCE Hoana Medical, Inc.
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