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Stereotaxis Awarded Exclusive Contract by Novation for Robotic Interventional Technology
Date:9/10/2009

ST. LOUIS, Sept. 10 /PRNewswire-FirstCall/ -- Stereotaxis, Inc. (Nasdaq: STXS) announced that Novation, the leading health care supply contracting company, will add Stereotaxis' Niobe(R) Remote Magnetic Navigation and Odyssey(TM) systems to its capital products contract portfolio. This is an exclusive agreement; Stereotaxis' Niobe System will be the only robotic interventional technology among Novation's capital products offerings. This agreement is effective immediately.

Based in Irving, Texas, Novation serves more than 2,500 hospitals in VHA Inc., and University HealthSystem Consortium (UHC), two national health care alliances, and nearly 950 hospital members of Provista, LLC, one of the nation's largest supply chain improvement companies. In 2008, these members used Novation contracts to purchase nearly $35 billion in supplies and services. Stereotaxis' contract with Novation enhances its opportunities to sell its capital products to the hospitals served by Novation, and eases contract negotiations between Stereotaxis and Novation's member hospitals.

"Novation prides itself in developing relationships with cutting-edge companies once they have established market leadership in a particular segment," said Michael Ainsworth, Director of Cardiovascular Contracting at Novation. "With the Niobe and Odyssey systems in our capital products portfolio, these breakthrough technologies will be more accessible to our membership. Capital equipment is among our specialties, representing up to 23 percent of our annual volume. We expect great things from our contract with Stereotaxis."

"We expect this exclusive contract to significantly enhance our U.S. growth opportunities," said Michael P. Kaminski, President and Chief Executive Officer of Stereotaxis. "Stereotaxis' N
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SOURCE Stereotaxis, Inc.
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