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PartsSource Awarded US Patent for PartsFinder(TM) Application

AURORA, Ohio, Sept. 18 /PRNewswire/ -- PartsSource, the nation's leading supplier of replacement medical parts for hospital equipment has been awarded an exclusive US Patent for its ground-breaking PartsFinder(TM) application. The Patent gives PartsSource exclusive US rights for the use of its supplier selection model critical designed to quickly identify preferred vendors in a specific supply chain.

"This award signifies that the US patent office sees PartsFinder(TM) as a unique and critical component to PartsSource's incredible growth." said President & CEO Ray Dalton. "We have spent millions of dollars over the past 6 years in the development of PartsFinder(TM) and I am extremely pleased to see our intellectual property now formally protected. I have always considered PartsSource a technology company that chose to sell medical replacement parts and this patent proves it. The issuance of this patent is good for the Northeast Ohio region as it will allow us to protect the intellectual property that is part of our continual employee growth."

PartsSource was ranked the #1 company in Northern Ohio on the prestigious Weatherhead 100 for 2006. PartsSource was also listed as 138 on the Inc Magazine 500 in 2006 and was also named by Entrepreneur Magazine as the 19th fastest growing company in America for 2006. PartsSource is a two time winner of both the Cascade Capital Growth Award and the Team NEO Growth Award - 2006/2007 and President and CEO A Ray Dalton was named "Entrepreneur of the Year" by Ernst & Young for 2004 and also published his inspirational autobiography; "Proceed with Confidence" in 2005.

SOURCE PartsSource
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