SonoSite, Inc. Receives Frost & Sullivan's 2005 Medical Imaging Fastest Growing Company of the Year Award
November 10 2005 - 6:45AM
PR Newswire (US)
PALO ALTO, Calif., Nov. 10 /PRNewswire/ -- Frost & Sullivan
selected SonoSite, Inc. (NASDAQ:SONO) as the recipient of the 2005
Medical Imaging Fastest Growing Company of the Year Award for its
success in the U.S. medical imaging markets in 2004. SonoSite has
received this Award for generating the highest percentage revenue
growth while operating at a profit in the imaging market with more
than 35 competing public companies. Each year Frost & Sullivan
presents this Award to a company that has exhibited the highest
percentage revenue growth in the market while maintaining
profitability. The Award signifies the company's commitment to
developing and marketing technologically advanced products in the
market being studied. Additionally, the Award highlights the key
attributes of the company that were instrumental to its success. In
2004, SonoSite increased its revenue by 36.6 percent and is
recognized in the financial community as one of the fastest growing
technology companies in the United States with high sustained
revenue growth over the five-year period from 2000 to 2004. This
Award highlights SonoSite's management and its ability to excel in
the market by igniting and altering the ultrasound landscape with
its ground- breaking technology while concurrently implementing a
successful multi-faceted business model and managing its finances.
"Since the introduction of its first generation SonoSite 180(TM)
and iLook(R) series of high-performance, hand-carried ultrasound
systems, SonoSite has been transforming the way ultrasound is
perceived in the medical community," says Frost & Sullivan
Industry Analyst Katherine Shariq. "Light weight, easy-to-use, and
highly portable, these ultrasound systems deliver high-performance
imaging and are sold for a fraction of the cost of the larger, more
complex, cart-based ultrasound systems." The ease of use and
portability of these hand-carried systems offer physicians and
clinicians a cost-effective, noninvasive way to provide diagnostic
assessment and guidance for interventional procedures. Emergency
physicians, for example, have appreciated the ability to quickly
eliminate or confirm the presence of a life-threatening condition
using a portable, point- of-care ultrasound. SonoSite offers the
most extensive hand-carried ultrasound product line in the
industry. In addition to the 180 and iLook systems, the product
line includes the TITAN(R) system and the recently introduced,
third generation product, the MicroMaxx(TM) system. These systems
address the traditional diagnostic ultrasound markets such as
radiology, cardiology and ob/gyn and are opening new applications
of ultrasound imaging in emergency medicine, anesthesiology,
surgery and other clinical specialities. "As the global leader in
hand-carried ultrasound, SonoSite has been unsurpassed in its
ability to expand the existing ultrasound market while trailblazing
new diagnostic ultrasound opportunities," notes Shariq. "Although
still a relatively nascent market segment, SonoSite is leading the
way in the introduction of ultrasound for rapid assessment
applications at the clinical level." SonoSite has an impressive
global footprint, with eight subsidiaries and a network of
distributors that sell its hand-carried ultrasound systems in over
75 countries. Employing both direct sales representatives as well
as third- party distributors, SonoSite has also successfully
broadened its reach through strategic partnerships with well-known
companies. In recognition of its outstanding growth in the market
and for successfully exceeding the revenue growth of competing
public companies in the imaging market, Frost & Sullivan is
proud to present SonoSite with its Medical Imaging Fastest Growing
Company of the Year Award for 2005. Held in Miami, Frost &
Sullivan's Best Practices Awards Banquet honors world-class
companies for contributing innovative developments to the
pharmaceutical and life sciences industry, as well as companies
yielding emerging technologies in a variety of fields. An annual
event, the banquet recognizes the quality and merit of
distinguished individuals and companies that deliver unparalleled
insight on the industry, products and services. About SonoSite
SonoSite, Inc. (http://www.sonosite.com/ ) is the innovator and
world leader in hand-carried ultrasound with an installed base of
more than 20,000 systems. Headquartered near Seattle, the company
employs 470 people worldwide. 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 http://www.frost.com/ . Contact: Stacie
Jones 210.247.2450 DATASOURCE: Frost & Sullivan CONTACT: Stacie
Jones of Frost & Sullivan, +1-210-247-2450, or Web site:
http://www.frost.com/ http://www.sonosite.com/
Copyright
Sonos (NASDAQ:SONO)
Historical Stock Chart
From Jun 2024 to Jul 2024
Sonos (NASDAQ:SONO)
Historical Stock Chart
From Jul 2023 to Jul 2024