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Korr Medical Technologies, Inc. Signs Agreement With
Fluke Biomedical Corporation
SALT LAKE CITY, Sep 15, 2003 /PRNewswire via COMTEX/ -- Korr Medical Technologies,
Inc. and Fluke Biomedical, a division of Fluke Corporation, today announced
they have signed an agreement whereby Fluke Biomedical Corporation will
acquire the exclusive rights to the technology, manufacturing, and distribution
of Korr's gas flow analysis products for ventilator testing.
"We are excited that Fluke Biomedical has committed to continuing
and solidifying the relationship with Korr Medical Technologies,"
said Scott Kofoed, President of Korr.
Proceeds from divesting of the ventilator testing products will allow
Korr to aggressively market their Resting Metabolic Rate (RMR/REE) and
Spirometry product lines. Korr's MetaCheck provides a complete solution
for health club weight loss programs using patented indirect calorimetry
technology. The ReeVue is an FDA cleared medical device for indirect calorimetry
tailored to physician supervised weight loss (including bariatric physicians)
and dieticians performing nutritional assessments. Korr also
manufactures the CardioCoach, innovative VO2 testing equipment specifically
designed for club use.
Kofoed stated, "Our focus is to be a leading manufacturer of respiratory
products. Our core sensor technology allows us to provide leading edge
technology that is tailored for its intended users. We see large growth
potential in the family practice market. We also believe our products
for the intensive care market will become the gold standard for indirect
calorimetry." Korr anticipates expanding to the international market
this year.
Fluke Biomedical Corporation (formerly DNI Nevada and Bio-Tek Instrument)
is a division of Fluke Corporation, located in Everett, Washington. Fluke
Biomedical is the leading manufacturer of medical test equipment in the
world, including electrical safety analyzers, patient simulators, ventilator
testers, and equipment management software. Our customers include hospitals,
independent service organizations, and manufacturers of medical equipment.
We are dedicated to quality and customer satisfaction. For more information,
call 1-800-648-7952, or email us at sales@flukebiomedical.com.
Korr Medical Technologies, Inc., founded in 1993, is a worldwide leader
in the development of sensor technology used in medical devices. Korr
produces metabolic (VO2, RMR, REE) measurement devices for the medical,
weight-loss, and the club fitness industries, and equipment for medical
research.
Contact:Scott Kofoed, President
Email:sales@korr.com
Phone:(801) 483-2080
Internet:WWW.KORR.COM
SOURCE Korr Medical Technologies, Inc.
Scott Kofoed, President of Korr Medical Technologies, Inc.,
+1-801-483-2080, sales@korr.com
http://www.korr.com
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