Cardiac Science Named Orange County's Fastest Growing Technology Company in Deloitte Technology Fast 50 Program
October 05 2004 - 1:30AM
PR Newswire (US)
Cardiac Science Named Orange County's Fastest Growing Technology
Company in Deloitte Technology Fast 50 Program IRVINE, Calif., Oct.
5 /PRNewswire-FirstCall/ -- Cardiac Science, Inc. (NASDAQ:DFIB), a
leading manufacturer of life-saving automatic public access
defibrillators (AEDs), has been named the winner of Deloitte's
prestigious Technology Fast 50 Program for Orange County, a ranking
of the 50 fastest growing technology companies in the area by
Deloitte & Touche LLP, one of the nation's leading professional
services firms. Rankings are based on the percentage of growth in
fiscal year revenue over five years, from 1999-2003. Cardiac
Science's increase in revenue of more than 60 thousand percent from
1999 to 2003 resulted in a number one ranking in the Fast 50 for
Orange County. Cardiac Science's Chairman & CEO Raymond W.
Cohen credits the dedication and creativity of the Cardiac Science
employees as well as the strategic decision to enter the public
access AED market as the primary drivers behind the company's
revenue growth over the five-year period. Cohen said, "Our decision
to begin selling AEDs in 2001 gave us access to an exciting and
emerging market. That market, which includes businesses, schools,
fire, police, military, public buildings, and many other places
where people meet and gather, has continued to grow in the U.S. and
abroad and we expect that market growth to continue as legislators
and the general public call for more ready access to these
lifesaving devices. To qualify for the Technology Fast 50,
companies must have had operating revenues of at least $50,000 in
1999 and $1,000,000 in 2003, be headquartered in North America, and
be a "technology company" defined as owning proprietary technology
that contributes to a significant portion of the company's
operating revenues (using other companies' technology in a unique
way does not qualify); and/or devoting a significant proportion of
revenues to research and development of technology. Winners of the
19 regional Technology Fast 50 programs in the United States and
Canada are automatically entered in the Deloitte Technology Fast
500 program, which ranks North America's top 500 fastest growing
technology companies. For more information on the Fast 50 or Fast
500 programs, visit http://www.fast500.com/. About Cardiac Science
Cardiac Science develops, manufactures and markets
Powerheart(R)-brand public-access defibrillators (AEDs) and offers
comprehensive AED/CPR training and AED program management services
that facilitate successful deployments. The Company also makes the
Powerheart(R) CRM(TM), the only FDA-cleared therapeutic patient
monitor that instantly and automatically treats hospitalized
cardiac patients who suffer life-threatening heart rhythms. Cardiac
Science also manufactures its AED products on a private label basis
for other leading medical companies. For more information, please
visit http://www.cardiacscience.com/, email Cardiac Science at or
call 1-949-797-3800. About Deloitte Deloitte, one of the nation's
leading professional services firms, provides audit, tax, financial
advisory services and consulting through nearly 30,000 people in
more than 80 U.S. cities. Known as an employer of choice for
innovative human resources programs, the firm is dedicated to
helping its clients and its people excel. "Deloitte" refers to the
associated partnerships of Deloitte & Touche USA LLP (Deloitte
& Touche LLP and Deloitte Consulting LLP) and subsidiaries.
Deloitte is the US member firm of Deloitte Touche Tohmatsu. For
more information, please visit Deloitte's web site at
http://www.deloitte.com/us. Deloitte Touche Tohmatsu is an
organization of member firms devoted to excellence in providing
professional services and advice. We are focused on client service
through a global strategy executed locally in nearly 150 countries.
With access to the deep intellectual capital of 120,000 people
worldwide, our member firms, including their affiliates, deliver
services in four professional areas: audit, tax, financial advisory
services and consulting. Our member firms serve more than one-half
of the world's largest companies, as well as large national
enterprises, public institutions, locally important clients, and
successful, fast-growing global growth companies. Deloitte Touche
Tohmatsu is a Swiss Verein (association), and, as such, neither
Deloitte Touche Tohmatsu nor any of its member firms has any
liability for each other's acts or omissions. Each of the member
firms is a separate and independent legal entity operating under
the names "Deloitte", "Deloitte & Touche", "Deloitte Touche
Tohmatsu" or other related names. The services described herein are
provided by the member firms and not by the Deloitte Touche
Tohmatsu Verein. For regulatory and other reasons certain member
firms do not provide services in all four professional areas listed
above. For further information, please contact: Investors, Matt
Clawson, , or Media, Len Hall, , both of Allen & Caron Inc,
+1-949-474-4300, for Cardiac Science, Inc.; or Raymond W. Cohen,
Chief Executive Officer of Cardiac Science, Inc., +1-949-797-3800,
. DATASOURCE: Cardiac Science Inc. CONTACT: Investors, Matt
Clawson, , or Media, Len Hall, , both of Allen & Caron Inc,
+1-949-474-4300, for Cardiac Science, Inc.; or Raymond W. Cohen,
Chief Executive Officer of Cardiac Science, Inc., +1-949-797-3800,
Web site: http://www.fast500.com/ Web site:
http://www.deloitte.com/us Web site: http://www.cardiacscience.com/
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