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Somanetics Reports Financial Results for the Third Quarter of Fiscal 2009
Date:9/17/2009

e Barrett, Somanetics' president and chief executive officer. "Despite this backdrop, we continued to experience solid growth in our disposable sensor business."

International Sales

In the third quarter Somanetics announced the three-year extension of its long-standing exclusive distribution agreement with Covidien to distribute Somanetics' INVOS Cerebral/Somatic Oximeter products in Europe, the Middle East and Africa. The extension goes into effect on February 16, 2010, when the current agreement expires.

Sales and Marketing Activities

During the fourth quarter, Somanetics is scheduled to participate in 16 medical conferences, including the 2009 annual meeting of the American Society of Anesthesiologists and various regional and state cardiothoracic, perfusion, anesthesia, pediatric cardiac and critical care and neonatology association meetings.

Vital Sync Launch

The Vital Sync(TM) patient data management system was launched in the third quarter with installations at three beta test sites. The device integrates data from a broad array of hospital bedside devices, such as physiological monitors and ventilators, into a single bedside display for comparison, data management and storage. It has been designed to reduce the time and effort required to collect and organize critical patient data and view patient parameters on one time-synchronized graph. The device compiles data into one interactive display, to facilitate early detection of worsening patient conditions and provide data to refine treatment protocols.

Business Outlook

Somanetics is reiterating its previously announced guidance:

  • Fiscal 2009 net revenues between $50 million and $52 million.

  • Gross margin of
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SOURCE Somanetics Corporation
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