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Versus Technology, Inc. Announces Collaboration with Cleveland Clinic to Create Clinical Patient Flow Model

TRAVERSE CITY, Mich., April 21 /PRNewswire-FirstCall/ -- Versus Technology, Inc., (Versus) announces a collaboration with Cleveland Clinic's Glickman Urology & Kidney Institute that will combine Versus' Real-time Location Information System (RTLIS), VISion(TM), with the Cleveland Clinic's Glickman Urological & Kidney Institute's clinical workflow expertise to enhance Versus' clinic-based patient flow solution.

The collaboration will develop and document clinic best practices through increased efficiencies, automatic data capture, event automation, and system integrations. The goal of this initiative is to transform clinic processes improving patient safety and satisfaction while reducing unnecessary expenditures related to time spent searching and waiting.

These efforts include retooling basic processes and time-consuming, repetitive tasks with real-time location information passively collected through the Versus patented Infrared (IR) and Active RFID sensory network. By using technology to automate routine tasks, errors in data entry and delays due to the fast-paced clinic environment will be reduced or prevented. Caregivers will be free to dedicate more time to patient care.

"Versus has implemented hundreds of RTLIS solutions for automating processes within acute care, emergency, perioperative, long-term care and biomedical settings, so enhancing the Versus Location Information System to assist outpatient clinics is a natural progression in this growing marketplace. New technology allowing caregivers to provide for patients more effectively and efficiently is an important need of healthcare systems," said Paul Timmerman, Versus' VP of Business Development.

About Versus Technology, Inc.

Versus Technology, Inc. (OTC Pink Sheets: VSTI) ( (Versus) is the leader in the development and sale of context-aware systems used for the management of patient flow and medical assets and to improve caregiver/patient communications in medical and long-term care facilities. Versus also supplies Active IR/RFID tags and readers that make locating systems more precise, security systems more intelligent, data collection routines automatic, and asset management systems more efficient. Versus' systems, which are currently installed in hospitals, corporate facilities, government facilities, and other complexes, permit the automatic and accurate registry of essential management and business information. By monitoring the precise location of personnel or equipment and automatically recording events associated with their locations, the systems offer real-time asset and staff locating, automatic data collection, access/egress control, and a passive source of location data that facilitates scheduling and communication interfaces.

Safe Harbor Provision

This document may contain forward-looking statements relating to future events, such as the development of new products, the commencement of production, or the future financial performance of the Company. These statements fall within the meaning of forward-looking information as defined in the Private Securities Litigation Reform Act of 1995. These statements are subject to a number of important risks and uncertainties that could cause actual results to differ materially including, but not limited to, economic, competitive, governmental, and technological factors affecting the Company's markets and market growth rates, products and their rate of commercialization, services, prices and adequacy of financing, and other factors. The Company undertakes no obligation to update, amend, or clarify forward-looking statements, whether because of new information, future events, or otherwise.

SOURCE Versus Technology, Inc.
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