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Cardiac Science Joins Indiana Insurance's(TM) Safety Advantage Network(TM)
Jun 28, 2007 (06:06 AM EDT)
LOVELAND, Ohio and BOTHELL, Wash., June 28 /PRNewswire-FirstCall/ -- Indiana Insurance, a member of Liberty Mutual Group and the leading insurer of schools throughout the Midwest, and Cardiac Science Corporation , a global leader in advanced cardiac monitoring and defibrillation products, announced today that Cardiac Science is now a member of Indiana Insurance's Safety Advantage Network, a group of best-in-class specialists that supplements existing school loss prevention services.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050913/SFTU139LOGO )
Cardiac Science manufactures Powerheart Automated External Defibrillators (AED). This safe, easy-to-use defibrillation technology will be available to schools insured through Indiana Insurance in order to foster Heartsafe learning environments.
The Safety Advantage Network provides schools with access to resources to improve school safety. The resources within the Safety Advantage Network address violence and abuse prevention, employment screening, as well as more common day-to-day school issues such as playground, bleacher, or shop equipment hazards, and medical or facility emergencies.
According to the American Heart Association, 325,000 Americans die from Sudden Cardiac Arrest (SCA) each year. Approximately five percent of those who suffer SCA outside of a hospital survive. The principal treatment for SCA is a shock from a defibrillator coupled with CPR. Because the chance of survival decreases seven to ten percent with each minute that passes, the best chance of survival occurs if a defibrillator is used within the first few minutes following the SCA. In areas where AEDs are readily accessible in the event of an incident, survival rates have been shown to increase significantly.
San Diego County established a Public Access Defibrillation (PAD) program in November 2001, placing AEDs in public places throughout the county. Since then, 74 percent of victims who suffered out-of-hospital SCA in San Diego County have survived.
"Our goal is to educate schools on the risk of SCA in children so that they can be prepared with the proper equipment and training before an incident happens," said Michael D. Connell, president and chief executive officer, Indiana Insurance. "We know it can take six-to-twelve minutes for EMS to arrive, at which point the chances of survival have diminished significantly. Having readily accessible AEDs on site in schools can be instrumental in saving a life. We believe that Cardiac Science's Powerheart AED is a valuable addition to our Safety Advantage Network."
"Indiana Insurance has developed an excellent program to promote safety in schools," said Garry Norris, vice president of marketing, Cardiac Science. "We applaud them for recognizing the importance of Heartsafe environments for schools, in addition to helping protect students from abuse, school violence, and hazards in the shop or playground and we are pleased that Cardiac Science is now part of the Safety Advantage Network. Young lives can be saved when schools are equipped with AEDs. Earlier this year, a high school wrestler in Ohio survived Sudden Cardiac Arrest after his trainer deployed the school's Powerheart AED while waiting for paramedics to arrive. It is events like this that underscore the importance of having publicly accessible, user-friendly AEDs in our schools."
Indiana Insurance's Safety Advantage Network Members: -- Safe Havens International(TM), a non-profit school safety center that provides training and resources to make schools safer. Staff analysts are dedicated to helping schools internalize school safety expertise through the development of quality, customized crisis plans tailored to a school's or organization's specific needs; -- Childhelp's Good Touch-Bad Touch(R), a nationally recognized premier abuse prevention curriculum. Designed for pre-school and kindergarten through sixth grade students, educators are trained to teach this curriculum, which gives children positive, non-threatening, and practical information and skills they need to play a significant role in the prevention or interruption of sexual abuse and bullying; -- Safe Hiring Solutions, a full service employment screening firm that specializes in pre-employment background checks and employee drug screening, among other services. With more than 70 years of combined law enforcement experience on its management team, Safe Hiring Solutions' web-based InstaScreen system enables schools and other clients to order and retrieve comprehensive reports 24 hours a day, 7 days a week; -- Summit Trainingweb(R) combines expertly researched safety content with video, state-of-the-art graphics, animation, interactions, and narration in providing more than 100 online training courses that address critical safety issues; -- SawStop saws are designed to minimize saw-related injuries and the costs associated with them. SawStop manufactures and markets a line of table saws with an exclusive integrated saw blade-braking technology that detects the difference between wood and the saw operator. The SawStop safety system provides invisible, built-in, automatic protection which activates should a person contact the saw blade; -- BR Bleachers is dedicated to providing experienced and professional care for school bleachers. For more than 30 years, the company has specialized in safety inspections, code upgrades, certified repair, and bleacher construction. -- Cardiac Science Corporation is a leader in the development, manufacture, and marketing of diagnostic and therapeutic cardiology products and services, including Powerheart(R) Automated External Defibrillators (AEDs) that assist victims of sudden cardiac arrest.
About Indiana Insurance
With underwriting companies dating back to 1851, Indiana Insurance offers property and casualty products, including a comprehensive set of personal and commercial coverage, distributed only through appointed independent agents. Headquartered in Loveland, Ohio, Indiana Insurance provides insurance in Illinois, Indiana, Kentucky, Michigan, Ohio, and Tennessee.
Indiana Insurance is part of Liberty Mutual Agency Markets, a business unit of Liberty Mutual Group, consisting of property and casualty and specialty insurance carriers that distribute their products and services primarily through independent agents and brokers.
Liberty Mutual Group ranks 95 on the Fortune 500 list of the largest U.S. corporations based on 2006 revenues. The company has financial strength ratings of A (Excellent) from the A.M. Best Company, A2 (Good) from Moody's Investors Service, and A (Strong) from Standard & Poor's.
Powerheart brand automated external defibrillators provide reliable, safe, and easy to use cardiac monitoring and defibrillation technology. Powerheart AEDs feature RHYTHMx(TM) software which detects abnormal heart rhythms, determines whether they are life-threatening, and only delivers a shock when needed. Powerheart AEDs also feature the patented RescueReady(R) technology, which automatically tests the device on a frequent basis to ensure continued functionality. Powerheart's STAR(R) Biphasic Waveform Technology provides levels of escalating energy customized to the patient. Powerheart AEDs are used by hospitals, police and fire departments, as well as many public access facilities including major corporations, public agencies, airlines and airports, arenas, schools, hotels, casinos and consumers. For more information about Powerheart, go to http://www.powerheart.com .
About Cardiac Science Corporation
Cardiac Science is truly at the heart of saving lives. The Company develops, manufactures, and markets a family of advanced diagnostic and therapeutic cardiology devices and systems, including AEDs, electrocardiographs, stress test systems, Holter monitoring systems, hospital defibrillators, cardiac rehabilitation telemetry systems, patient monitor - defibrillators and cardiology data management systems. Cardiac Science also sells a variety of related products and consumables, and provides a comprehensive portfolio of training, maintenance and support services. The Company is the successor to various entities that have owned and operated cardiology-related businesses that sold products under the trusted brand names Burdick(R), Powerheart(R), and Quinton(R). Cardiac Science is headquartered in Bothell, WA, and also has operations in Lake Forest, California; Deerfield, Wisconsin; Shanghai, China and Manchester, United Kingdom.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "intend," anticipate," variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. Forward looking statements in this press release include those that may infer or imply that Cardiac Science's participation in the Safety Advantage Network will increase its sales and profits derived from its AEDs and other products. These statements, including their underlying assumptions, are subject to risks and uncertainties and are not guarantees of future performance. Results may differ due to various factors such as the possibility that Cardiac Science's participation in the Safety Advantage Network, as described in this release, may be modified or terminated early; that its participation in the Safety Advantage Network may not generate sales of its AEDs to the extent expected; or that sales of its AEDs may fall short of projections due to unforeseen developments. Other risk factors that could cause or contribute to such varying results are described in Cardiac Science's annual report for the year ended December 31, 2006, filed with the Securities and Exchange Commission.
The statements in this press release speak as of the date of the release, and Cardiac Science Corporation undertakes no duty or obligation to update the information provided herein.
CONTACT: Mike Matysik, Chief Financial Officer, Cardiac Science firstname.lastname@example.orgCorporation, +1-425-402-2009; or Christopher Goetcheus of IndianaInsurance, +1-774-279-5923, ; or JenSaunders of EVC Group, Inc., +1-646-201-5431, for Cardiac ScienceCorporation
Web site: http://www.cardiacscience.com/ http://www.powerheart.com/