December 1, 2015

  • Compumedics wins USD180K ($250K) contract to supply one of California’s most prominent Children’s hospitals with its sleep diagnostic equipment
  • Milestone achievement in creating a key reference site in the US State of California where the Company has little penetration to-date
  • New contract re-enforces Compumedics strategy to expand its core business in major global medical device markets
  • This Children’s hospital has a goal of becoming the US’s most technologically advanced and chose Compumedics sleep equipment

Compumedics Limited (ASX: CMP) (“Compumedics” and “Company”) is pleased to announce that it has secured a contract to supply its sleep diagnostic equipment to one of the US’s most prestigious Children’s Hospitals, located in the San Francisco area.

The contract win is in line with the Company’s stated goal of growing its core businesses, including sleep diagnostics, into world markets, including the US and in particular, California, where the Company has had little market penetration to date.

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

“Compumedics has spent more than a decade building its US business, during which time the west coast of the US has not been a significant market for the Company.  With this win and other Company activity in California the Company is committed to growing its presence in this large US state (some 45m people reside in California).

As a result, Compumedics is well positioned to capture growth, not only in sleep diagnostics, but also in neurological monitoring, in California.

The Company is pleased this new contract builds strongly on our growing presence in the US, built from a loyal base of existing customers and staff.”

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.

For further background please visit: www.compumedics.com

For further information please contact:

Dr David Burton, Executive Chairman, CEO
Compumedics Limited
T: + 61 3 8420 7300, F: +61 3 8420 7399
Mr David Lawson, Executive Director, CFO
Compumedics Limited
T: + 61 3 8420 7300, F: +61 3 8420 7399

For investor relations and media enquiries

Rod North, Managing Director,
Bourse Communications Pty Ltd
T: +61 3 9510 8309, M: 0408 670 706
E: rod@boursecommunications.com.au