Company to introduce SurgiCount360™ at the 2012 AORN Congress
Newly expanded documentation and compliance tool for use with the Safety-Sponge® System
Strengthens core retained sponge prevention solution and is expected to provide the backbone for the expansion into other patient safety and cost reduction applications
IRVINE, CA, March 22nd, 2012 – SurgiCount Medical, Inc., the wholly-owned operating subsidiary of Patient Safety Technologies, Inc. (OTCBB:PSTX, OTCQB:PSTX) today announced that it will be introducing SurgiCount360™, an expanded and enhanced documentation and compliance software tool for use with its market leading retained sponge solution, at the 2012 AORN Congress in New Orleans, March 24th – 28th.
The Safety-Sponge® System is currently used in more than 135 community, research and government hospitals across the U.S., including 6 of the 2011-2012 U.S. News and World Report Best Hospitals Honor Roll recipients. The system is the only retained sponge solution available that provides users a complete documentation and compliance tool, including the ability to post-operatively confirm usage on every case and to account for each individual sponge before and after use in surgery. SurgiCount360™ expands and enhances this compliance capability by including a new user interface for simplified data access and review as well as a new, customizable email alert function designed to provide actionable information in certain situations with potential compliance or patient safety issues.
“We are excited to introduce SurgiCount360™ and believe the expanded functionality it brings users of the Safety-Sponge® System will help further improve their ability to offer the highest standard of patient care as well as provide them industry leading compliance documentation. Our users now have an improved ability to document the outcomes of their proactive efforts towards avoiding the most commonly reported surgical Adverse Event. Additionally, we expect to leverage the SurgiCount360™ platform to offer users of the Safety-Sponge® System additional patient safety, product utilization and operating room convenience applications beyond our core retained sponge prevention solution,” stated Brian E. Stewart, President and Chief Executive Officer of Patient Safety Technologies, Inc.
Attendees of the 2012 AORN Congress can learn more about SurgiCount360™ and the Safety-Sponge® System by visiting the SurgiCount Medical in the Exhibit Hall at both #3353.
About Patient Safety Technologies, Inc. and SurgiCount Medical
Patient Safety Technologies, Inc., through its wholly-owned operating subsidiary SurgiCount Medical, Inc., provides the Safety-Sponge® System, a solution clinically proven to improve patient safety and reduce healthcare costs by helping eliminate one of the most common errors in surgery, retained surgical sponges. For more information, contact SurgiCount Medical, Inc. at (949) 387-2277 or visit www.surgicountmedical.com. Forward Looking Statements
Statements in this press release regarding our business that are not historical facts are “forward-looking statements” (within the meaning of Section 21E of the Securities Exchange Act of 1934) that involve risks and uncertainties. Forward-looking statements reflect our management’s current views with respect to future events and financial performance; however, you should not put undue reliance on these statements. When used, the words “anticipates,” “believes,” “expects,” “intends,” “future,” and other similar expressions, without limitation, identify forward-looking statements. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statements. These factors and uncertainties include but are not limited to: the ability to successfully implement hospitals under contract but yet implemented, the early stage of adoption of our Safety-Sponge® System and the need to expand adoption of our Safety-Sponge® System; the impact on our future revenue and cash flows from the ordering patterns of our exclusive distributor Cardinal Health; our need for additional financing to support our business; our reliance on third-party manufacturers, some of whom are sole-source suppliers, and on our exclusive distributor; and any inability to successfully protect our intellectual property portfolio. In light of the risks and uncertainties, there can be no assurance that any forward-looking statement will in fact prove to be correct.
Forward-looking statements can be affected by many other factors, including, those described in the “Business”, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Factors Affecting Future Results” sections of our Annual Report on Form 10-K for 2010, our Quarterly Reports on Form 10-Q and in our other public filings. These documents are available online through the SEC’s website, www.sec.gov. Forward-looking statements are based on information presently available to senior management, and we have not assumed any duty to update any forward-looking statements.
For further information please contact Brian E. Stewart at (949) 387-2277.