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NewCardio Announces Financial Results for the First Half of 2010 and Commercialization Progress
Date:8/14/2010

lecommunication transmission of three special ECG leads and their processing," from the U.S. Patent and Trademark Office. This represents the core patent for CardioBip and, in conjunction with the two encouraging validation studies announced on January 5, 2010, validates the CardioBip technology, positioning NewCardio as an emerging leader in remote cardiac monitoring.
  • NewCardio received a Notice of Allowance from the United States Patent and Trademark Office (USPTO) for a patent covering technology relating to NewCardio's Cardio3KG solution. This represents the core patent for NewCardio's anticipated emergency/urgent care solution, Cardio3KG. The patent, U.S. patent 7,751,875, was issued on July 6, 2010. One of the primary industry trade shows, the Heart Rhythm Society (HRS), accepted an abstract detailing the superior performance of NewCardio's patented CardioBip technology for remote wireless monitoring and detection of atrial fibrillation (AF). The study results, which discussed the use of CardioBip for improved AF monitoring and detection, were presented at the HRS 31st Annual Scientific Sessions in May 2010.
  • NewCardio announced that two of its recent medical and technical submissions have been accepted for presentation at the 32nd Annual International Conference of the IEEE Engineering in Medicine and Biology Society conference. The two papers: 'Wireless Transmission of Reconstructed 12-Lead ECGs in the Remote Monitoring of Atrial Fibrillation' and 'Wireless Remote Monitoring of Myocardial Ischemia Using Reconstructed 12-Lead ECGs' will be presented during the conference to be held August 31st through September 4th, 2010, in Buenos Aires, Argentina.

  • Financial ResultsNewCardio generated revenue, derived exclusively from the delivery of SOP and validation kits and services to its clinical trial service provider partners during the quarter. Revenue was $21,077 for the quarter, with no corresponding revenue in the prior year quarter.
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