Aloka Announces Alliance With SonoSite for Distribution of SonoSite's TITAN(TM) System in Japan
01 July 2004 - 1:00AM
PR Newswire (US)
Aloka Announces Alliance With SonoSite for Distribution of
SonoSite's TITAN(TM) System in Japan TOKYO, June 30 /PRNewswire/ --
Aloka Co., Ltd., a leading Japanese manufacturer and distributor of
ultrasound systems announced today that it has signed a
distribution agreement for Japan with SonoSite, Inc. (NASDAQ:SONO),
the worldwide leader in high-performance, hand-carried ultrasound.
The agreement names Aloka as SonoSite's exclusive distributor for
TITAN(TM), the Company's newest generation of high performance,
hand-carried ultrasound systems, for all of Japan's clinical
ultrasound markets, including cardiology, abdominal, vascular,
Ob/gyn and emergency medicine. "This agreement brings together two
leaders in ultrasound," said Mr. Yoshihiro Yoshikawa, President,
Aloka Co., Ltd. "Hand-carried ultrasound is Japan's most rapidly
growing ultrasound market. Aloka is fully committed to optimizing
this major opportunity through this strategic alliance with
SonoSite and to bringing the finest hand-carried ultrasound
available to Japan's medical practitioners." "Aloka's history in
ultrasound and respected position as a leading technology innovator
make this an exciting partnership for SonoSite," said Kevin M.
Goodwin, SonoSite President and CEO. "Our agreement with Aloka is a
cornerstone of our strategy to serve the Japanese market by
establishing multiple distribution channels through which
SonoSite's products can be promoted across a broad clinical
spectrum. We believe the market for hand-carried ultrasound systems
could eventually equal or exceed Japan's current market for
cart-based systems. We look forward to working with the Aloka team
to further strengthen our position in and expanding this key
market." The TITAN system is based on SonoSite's proprietary ASIC
(Application Specific Integrated Circuit) technology, which
integrates millions of transistors onto one circuit, reducing size
while offering excellent image quality and performance. Weighing
only 7.7 pounds (3.5 kg), TITAN is designed for durability and
highly mobile use. The ASIC technology allows for a 12-second boot
speed enabling clinicians to immediately deliver patient care
efficiently and effectively. Japan is the world's second largest
ultrasound market and accounted for an estimated $400 million in
sales in 2003. About Aloka: Aloka Co., Ltd.
(http://www.aloka.com/), headquartered in Tokyo is a leading
manufacturer of medical devices, which introduced the 1st
Diagnostic Ultrasound system in 1960. With having more than 50
years history in Medical Diagnostic Ultrasound, it is one of the
longest experienced and most innovative companies in the diagnostic
ultrasound market. One of the important innovations, introduced by
ALOKA in 1983, was the 'Color Doppler' technology. Today this
technique became an indispensable diagnostic tool for every
ultrasound examination in any application. DATASOURCE: Aloka Co.,
Ltd. CONTACT: Masanobu Tada, Marketing Department of Aloka Co.,
Ltd., +81-422-45-9247, or fax: +81-422-45-7751, Web site:
http://www.aloka.com/
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