$600K NEUROLOGICAL ORDER FOR THE NEW PERTH CHILDREN’S HOSPITAL

Posted on September 8, 2015

  • Compumedics receives $600K order to fit out the neurology department at the new Perth Children’s Hospital
  • New contract underpins core neurology business in Australia and confirms that Compumedics continues to be the preferred supplier of neurological devices to premier sites
  • Re-enforces Compumedics strategy to expand its core business into major global medical device markets
  • Compumedics remains the Number One supplier of sleep neurology and neurological research systems in several key markets, including Australia

Compumedics Limited (ASX: CMP) (“Compumedics” and “Company”) is pleased to announce that it has secured a $600,000 order to fit out the neurology department at the new Perth Children’s Hospital, which is currently under construction.

The deal continues Compumedics success in winning contracts for premium sites both in Australia and around the world with its innovative technology, and underpins the Company’s on-going objective to remain the preferred supplier to premium sleep and neurology facilities globally.

In commenting on Compumedics’ success, Dr David Burton, Chairman and CEO of Compumedics, said:

“Compumedics has spent more than a decade building an innovative and comprehensive range of neurological diagnostic and monitoring products to enable the Company to expand into the premier market.

“With this order we continue to build credibility and market acceptance of our product capability, which can be used to push into new geographic markets around the world.

“Compumedics is pleased that this new contract builds strongly on a long and very successful history as market leader in Australia for both neurology and sleep diagnostic and monitoring solutions.”

About Compumedics Limited

Compumedics Limited (ASX: CMP) is a medical device company involved in the development, manufacture and commercialisation of diagnostics technology for the sleep, brain and ultrasonic blood-flow monitoring applications. The Company owns US based Neuroscan and Germany based DWL Elektronishe GmbH. In conjunction with these two subsidiaries, Compumedics has a broad international reach, including Americas; Australia and Asia Pacific; and Europe and the Middle East.

Executive Chairman, Dr David Burton, founded Compumedics in 1987. In the same year the Company successfully designed and installed the first Australian, fully computerised Sleep Clinic at Epworth Hospital in Melbourne. Following this early success, Compumedics focused on the development of products that sold into the growing international sleep clinic and home monitoring markets. Compumedics listed on the Australian Securities Exchange in 2000. Over the years, Compumedics has received numerous awards and accolades including Australia’s exporter of the year and has been recognised as a Top 100 Innovatorby the both German and Australian Governments.