Winland Electronics, Inc. Announces Agreement With Cardiac Science
August 25 2005 - 9:12AM
PR Newswire (US)
Winland solidifies relationship with fourth fastest growing
technology company in North America with two-year agreement and
initial orders totaling over $1.8 million MANKATO, Minn., Aug. 25
/PRNewswire-FirstCall/ -- Winland Electronics, Inc., (AMEX:WEX), a
leading designer and manufacturer of custom electronic control
products and systems, today announced it signed a two-year purchase
and supply agreement with Cardiac Science, Inc., (NASDAQ:DFIB) a
leading manufacturer of life-saving public-access Automated
External Defibrillators (AEDs) and provider of comprehensive
AED/CPR training and AED program management services. Under terms
of the two-year agreement, which is effective through June, 2007,
Winland will build printed circuit board assemblies (PCBAs) for
Cardiac Science's new hospital defibrillator and its AED training
device, which is used to train and educate customers that purchase
AEDs from Cardiac Science. Winland has received initial orders
valued at over $1.8 million, and has already shipped approximately
$600,000 in products, with the balance of the initial order
scheduled through early 2006. Cardiac Science's Vice President of
Manufacturing Mike Kenison commenting on the agreement said, "We
evaluated numerous vendors and we selected Winland not only because
of Winland's manufacturing and design expertise but just as
importantly on their proven track record of delivering on their
commitments." Cardiac Science was recently ranked as the fourth
fastest-growing technology company in North America on the 2004
Deloitte Technology Fast 500, a ranking of the 500 fastest growing
technology companies in North America. Dale A. Nordquist, Winland's
Senior Vice President of Sales & Marketing commented, "We are
excited to be working with Cardiac Science in the development of
its life-saving technology and look forward to a long term
relationship. This relationship is a validation of our entrance
into the Medical Device market and evidence of our ability to bring
our product realization expertise to this important market." About
Cardiac Science Cardiac Science, with operations in Orange County,
CA, Minneapolis, MN, Manchester, England and Copenhagen, Denmark,
develops, manufactures and markets Powerheart(R)-brand automatic
public-access defibrillators (AEDs). In the U.S., Cardiac Science
products are sold to corporations, police and fire departments,
state and local municipalities, the federal government and schools
by its 55-person direct sales force, and certain national and local
distributors. Internationally, Cardiac Science products are sold
direct in the United Kingdom and by independent distributors in
over 60 countries. Cardiac Science also manufactures its AED
products on a private label OEM basis for other leading medical
companies such as Quinton Cardiology Systems, Nihon Kohden (Japan)
and GE Healthcare. For more information, please visit
http://www.cardiacscience.com/ or contact Cardiac Science at (949)
797-3800. About Winland Electronics Winland Electronics is an
electronic manufacturing services (EMS) company, providing product
development and manufacturing expertise and innovation for more
than 20 years. Winland also markets proprietary products for the
security/industrial marketplace. Winland's product development
offering includes program management, analog circuit design,
digital circuit design, printed circuit board design and embedded
software design. Winland differentiates itself from the contract
manufacturer competition with its integrated product development
and manufacturing services to offer end-to-end product launch
capability, including design for manufacturability, design for
testability, transition to manufacturing and order fulfillment.
Winland's core competency is delivering time-to-market through
superior program management, experience, integrated development
processes, and cross-functional teams. Winland Electronics is based
in Mankato, MN. For more information, visit
http://www.winland.com/. Cautionary Statements Certain statements
contained in this press release and other written and oral
statements made from time to time by the company do not relate
strictly to historical or current facts. As such, they are
considered forward-looking statements, which provide current
expectations or forecasts of future events. The statements included
in this release with respect to (i) the initial orders from Cardiac
Science and the scheduling of those orders through early 2006 are
forward looking statements. These statements involve a variety of
risks and uncertainties, known and unknown, including, among
others, the risks that (i) Cardiac Science may cancel purchase
orders or fail to submit any additional purchase orders, (ii) we
may encounter unexpected delays or design or manufacturing problems
in connection with PCBA's manufactured for Cardiac Science that
result in Cardiac Science rejecting shipments or canceling purchase
orders, (iii) Cardiac Science and other customers may cease to do
business with us or demand pricing that reduces our profitability
as a condition to retaining the business; (iii) costs of production
may exceed current estimates. Consequently, no forward-looking
statement can be guaranteed and actual results may vary materially.
Lorin E. Krueger Chief Executive Officer (507) 625-7231
http://www.winland.com/ Brett Maas or Cameron Donahue Hayden
Communications (843) 272-4653 DATASOURCE: Winland Electronics, Inc.
CONTACT: Lorin E. Krueger, Chief Executive Officer of Winland
Electronics, Inc., +1-507-625-7231; or Brett Maas or Cameron
Donahue of Hayden Communications, +1-843-272-4653 Web site:
http://www.winland.com/ http://www.cardiacscience.com/
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