RNS Number : 3798K
LiDCO Group Plc
14 July 2011
 



 

 

 

 

 

Press Release

14 July 2011

 

 

LIDCO GROUP PLC

 

("LiDCO" or the "Company")

 

LiDCO signs agreement with ICU Medical, Inc

 

LiDCO Group Plc (AIM:LID), the UK-based hemodynamic monitoring company, today announces that it has signed an agreement with ICU Medical, Inc. of San Clemente, California, USA ("ICU  Medical") appointing LiDCO as a non exclusive distributor of  complementary ICU Medical products in the UK. This will add to the third party products that LiDCO can offer to its UK customers.

 

In addition the two companies signed a non exclusive licensing agreement providing ICU Medical access to some of LiDCO's intellectual property (IP) rights.  Under the terms of the agreement, LiDCO will receive an up front payment and royalties on any future sales derived from the IP.

 

ICU Medical develops, manufacturers and sells innovative medical technologies used by hospitals in acute care settings.

 

Dr Terry O'Brien, CEO of LiDCO stated "We are delighted to sign this agreement with ICU Medical. These arrangements will complement our third party offering to customers in the UK and adds to our growing base of corporate partners."

 

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For further information, please contact:

LiDCO Group Plc


Terry O'Brien (CEO)

Tel: +44 (0)20 7749 1500

Paul Clifford (Finance Director)


John Rowland (Company Secretary)                                        

www.lidco.com

 

FinnCap


Geoff Nash / Henrik Persson  

Stephen Norcross (broking)

Tel: +44 (0)20 7600 1658

www.finncap.com

 

Media enquiries:

Abchurch


Sarah Hollins / Joanne Shears /

Simone Elviss / Jamie Hooper

Tel: +44 (0) 20 7398 7728

simone.elviss@abchurch-group.com

www.abchurch-group.com

 

About LiDCO Group Plc

LiDCO is a supplier of minimally invasive hemodynamic equipment to hospitals, to monitor the amount of blood flowing around the body and ensure that vital organs are adequately oxygenated. LiDCO's products facilitate the application of hemodynamic optimization protocols for high risk patients in both critical care units and in the operating theatre.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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