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2001


News - 2001

USCOM appoints Head of Development

December 7th, 2001

USCOM Pty Ltd, an Australian start-up venture in medical devices, today announced the appointment of Mr Paul Butler as the company‘s Head of Operations and Development.

Mr Butler, aged 34, will take responsibility for the design and manufacture of USCOM‘s innovative line of products in non-invasive Cardiac Output Monitoring.

Mr Butler (Bachelor of Economics) is a 15-year veteran of the Australian electrical engineering and electronics industries. Among his assignments in electronics development and management were at SCITEC Limited where he acted as General Manager, Operations and at NCR Australia as National Logistics Manager.

More recently, Mr Butler held the post of Business Development Manager at Australian Electronics Manufacturing Services (AEMS), one of Australia‘s most highly respected contract manufacturers of electronics devices.

The Chief Executive Officer of USCOM, Mr Gary Davey, said: “We are delighted that Paul has joined USCOM as part of our senior management team. We have already worked closely with Paul during our development process. He brings to the company a unique blend of management skills and can-do technical ability. His experience in supervising numerous complex design projects will add greatly to the USCOM project.“

Mr Butler‘s first task at USCOM is the development of the company‘s first Cardiac Output Monitor, scheduled for release in Australia in late 2002. Commenting on his appointment, Mr Butler said: “I am thrilled at this opportunity to work for USCOM. After seeing the prototype working I can‘t wait to get involved and take the product through to commercialization.”

The first of USCOM‘s Cardiac Monitors will be available in Australia in late 2002, with a primary focus on clinical application, including operating theatres and emergency care wards. The machine provides a hands-free and completely non-invasive method of accurately measuring real-time output across the cardiac valves.

The USCOM solution is safer, less costly and easier to use than existing methods.

PAUL BUTLER

USCOM issued TGA listing

November 28th, 2001

USCOM Pty Ltd, an Australian start-up venture in medical devices, was today issued a “Certificate of Listing” by the Therapeutic Goods Administration (TGA), Australia‘s primary regulator of medical products.

The Listing, effective immediately, clears the way for the supply of USCOM‘s non-invasive Cardiac Output Monitor to hospitals and other medical facilities across Australia.

The Chief Executive Officer of USCOM, Mr Gary Davey, said: “This approval is an important step for USCOM. Australia is our first and home market. It is essential that we are successful here in science, business and regulatory compliance. The TGA listing will stand us in good stead as we proceed with regulatory approvals in other markets.“

The first of USCOM‘s Cardiac Monitors will be available for commercial supply in Australia in late 2002, with a primary focus on clinical application, including operating theatres and emergency care wards. The machine provides a hands-free and completely non-invasive method of accurately measuring real-time output of the cardiac valves.

The USCOM solution is safer, less costly and easier to use than existing methods.

USCOM attends American Heart Association Conference

November 10th, 2001

The Chairman of USCOM Pty Ltd, Mr Rob Phillips F.I.R., D.M.U. (Cardiology), A.M.S. presented research today at a prestigious scientific conference in Anaheim, California.

As a member of the faculty of the International Society of Cardiovascular Ultrasound, Mr Phillips was invited to present abstracts on the subject of digital Echocardiography to a satellite meeting attached to the American Heart Association (AHA) Conference.

Mr Phillips presented new work in quantitative myocardial analysis.

The AHA Conference is attended by approximately 30,000 delegates and is one of the world‘s most important forums on Cardiology.

The Chief Executive Officer of USCOM, Mr Gary Davey said: “Rob Phillips is increasingly recognized as a pioneer in the field of digital Ultrasound. It is encouraging that his work be presented at such a high profile international gathering of experts in the field.”

World Anaheim Presentation

USCOM Wins Government Innovation Award

September 17th, 2001

USCOM Pty Ltd, was today presented an Award for Innovation by the Federal Department of Industry, Science and Resources.

The Certificate of Achievement was awarded in recognition of the company‘s commitment to innovation and in particular for leadership in the development of its patented technology in cardiac monitoring.

The award was presented by Professor Don Andersen, Chairman of the Industry Research and Development Board at a ceremony in Newcastle today. Accepting the award, the Chief Executive Officer of USCOM, Mr Gary Davey said: “It is most encouraging for a start-up venture such as USCOM to receive this kind of recognition.”

USCOM Wins $200,000 Federal Government Grant

September 13th, 2001

USCOM Pty Ltd, an Australian start-up company in medical devices, was today awarded a grant of $200,000 under the Federal Government‘s Biotechnology Innovation Fund (BIF) programme.

The funds will be used to support the development of USCOM‘s patented technology in Cardiac Ultrasound.

USCOM was one of 16 companies to receive grants as part of a $3.6 million second round allocation by the Department of Industry Science and Resources (AusIndustry). Announcing the grants today, the Minister , Senator Nick Minchin said: “The Australian economy stands to gain significantly from the great strides being made in the biotechnology sector. With the BIF funding, the companies will have better prospects in attracting private sector investment which goes a long way in helping to maximize the research effort.“

The Chief Executive Officer of USCOM, Mr Gary Davey said: “We are delighted to receive this financial support. We are developing important new technologies for non-invasive cardiac monitoring and these matching funds from BIF will assist in fast-tracking some of that development.”

Senator Nick Minchin announcement

USCOM Presents at World Congress

May 21st, 2001

The Chairman of USCOM Pty Ltd, Mr Rob Phillips F.I.R., D.M.U.(Cardiology), A.M.S. presented the scientific background to the USCOM project today to the 5th World Congress of Echocardiography and Vascular Ultrasound in Seoul, South Korea.

Mr Phillips was invited to attend the Congress as a member of the faculty of the International Society of Cardiovascular Ultrasound. His abstract, titled "Feasibility of Transcutaneous Cardiac Output Monitoring Using Continuous Wave Doppler Ultrasound" was the first formal presentation of Mr Phillips‘ USCOM research.

The abstract was co-authored by Dr Robert Gill (CSIRO), Mr Mike Dadd (CSIRO), Professor Malcolm West (Head of the Department of Medicine, University of Queensland) and Associate Professor Darryl Burstow (Director of Echocardiography at Prince Charles Hospital, Brisbane).

The World Congress was attended by more than 2,000 delegates.

The Chief Executive Officer of USCOM, Mr Gary Davey, who also attended the World Congress said: "This was an important platform for USCOM, to establish the science of the company among many of the world leaders of Echocardiography. The company was able to establish important relationships at both the scientific and business levels."

World Congress abstract

World Congress presentation