PALO ALTO, Calif. – March 21, 2006 – Frost & Sullivan honored companies for outstanding performance in medical device markets at last week’s Excellence in Medical Device Technologies Awards Banquet and Networking Sessions held in San Francisco, California.
The recipients of these Awards have identified emerging trends before they have become the standard in the marketplace and have created advanced technologies that will catalyze industries in the near future.
The Award presentation was preceded by a CEO Roundtable discussion focusing on the Medical Device market. In this session, Award recipients addressed what it takes to succeed in a challenging economy. A forward-focused panel discussed the impact of how strategy must change to progress in today’s market environment. Panelists included: Yacov Geva, CEO & Chairman of the Board, Card Guard; Frederick Mindermann, President & COO, LifeWatch Holding Corporation; and Darryl Stein, President & CEO, Imaging Dynamics Corporation.
An open networking session preceding the presentations allowed the recipient companies to develop and strengthen business relationships.
Awarded companies included:
Aesculap Academy- 2006 Medical Professional Education Institution of the Year
BioForm Medical Inc.- 2006 Medical Biomaterial Technology Innovation oOf the Year
Card Guard- 2006 Remote Patient Monitoring Growth Strategy Leadership of the Year
CardioMEMS- 2006 Patient Monitoring Product Innovation of the Year
CAS Medical Systems- 2006 Medical Lasers Excellence in Technology of the Year
Cierra Inc.- 2006 Interventional Cardiology Excellence in Research of the Year
Helicor, Inc.- 2006 Stress Reduction & Management Technologies Technology Innovation of the Year
I-Flow- 2006 Post-Surgical Pain Management Product Innovation of the Year
Imaging Dynamics Corporation- 2006 Medical Imaging Product Value of the Year
Kinetic Concepts, Inc.- 2006 Medical Devices CEO of the Year, Denny Ware
Mediatech, Inc.- 2005 Cell Culture Product Quality Leadership of the Year
MediPattern- 2006 Medical Imaging Technology Innovation of the Year
NEUROMetrix, Inc.- 2006 Neurological Monitoring Product of the Year
Novadaq Technologies, Inc.- 2006 Cardiac Imaging Technology Innovation of the Year
Pria Diagnostics- 2006 Point-of-use Diagnostics Technology Innovation of the Year
Sinclair Pharmaceuticals, Ltd.- 2006 Oral & Dental Care Product of the Year
Xtent, Inc.- 2006 Interventional Cardiology Technology Innovation of the Year
Through these Awards, Frost & Sullivan’s teams of industry best practices experts recognized the recipients’ diligence and innovation required to implement a successful business plan and excel in the increasingly competitive global marketplace. An annual event, Frost & Sullivan’s Medical Device Technologies Awards banquet recognizes the quality and merit of distinguished individuals and companies that deliver unparalleled insight on the industry, products and services.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
For further information on the Award banquets or recipients or for digital photos, please contact Stacie Jones, 210.247.2450, Stacie.Jones@frost.com.
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.frost.com.