Astro-Med's Grass Technologies Awarded Contract for Sleep
Astro-Med's Grass Technologies Awarded Contract for Sleep Systems by Premier Inc. Hospital Purchasing Organization
WEST WARWICK, RI -- (MARKET WIRE) -- 05/21/08 -- Astro-Med, Inc. (NASDAQ: ALOT) is pleased to announce that it has been awarded a two-year contract from Premier Inc., a leading healthcare purchasing network that serves 2,000 hospitals and 50,000 healthcare sites in the USA. Under the contract, Astro-Med's Grass Technologies brand polysomnography (PSG) systems will be purchased as the first choice sleep diagnostic system by all Premier member organizations, and Astro-Med will provide competitive pricing to all Premier member hospitals and labs for its Grass Technologies brand Aura(R) PSG and Comet(R) PSG Sleep Diagnostic Systems. The contract goes into effect on June 1, 2008.
"It is gratifying to have won this valuable contract after having been in negotiations with Premier since August of last year and being selected over other manufacturers of sleep products," said Marco Mancini, Sales Manager of Grass Technologies products. Mancini continued, "Now, member hospitals of the Premier organization will be prompted to purchase Grass Technologies sleep systems based on three key benefits: the performance advantages of technology, our technical support excellence, and our competitive pricing."
The Grass Technologies brand has developed PSG, EEG, and other neurophysiological monitoring systems since 1935, and manufactures, sells, and supports these systems for use by hospitals and labs. Grass Technologies recently announced the introduction of SleepTrek 3, a sleep diagnostic system for home use which qualifies for Medicaid reimbursement.
About Astro-Med, Inc.
Astro-Med, Inc. (NASDAQ: ALOT) is a leading manufacturer of high tech specialty printing systems, electronic medical instrumentation, and test and measurement instruments sold under the brand names Astro-Med(R), Grass(R) Technologies and QuickLabel(R) Systems. Astro-Med, Inc. products are employed around the world in a wide range of industrial, scientific, test and measurement applications, for product identification applications in consumer and industrial markets, and for clinical and research purposes in the field of life sciences. More information is available at www.astro-medinc.com.
About Premier Inc.
Serving more than 2,000 U.S. hospitals and nearly 50,000 other healthcare sites, the Premier healthcare alliance and its members are transforming healthcare together. Owned by not-for-profit hospitals, Premier operates one of the leading healthcare purchasing networks and the nation's most comprehensive repository of hospital clinical and financial information. Premier Inc. is a 2006 recipient of the Malcolm Baldrige National Quality Award. Headquartered in San Diego, CA, Premier has offices in Charlotte, N.C., Philadelphia and Washington. For more information, visit www.premierinc.com.
Safe Harbor Statement
This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include those mentioned in Astro-Med's FY2008 annual report and its annual and quarterly filings with the Securities and Exchange Commission.
Contact: Everett V. Pizzuti President Astro-Med, Inc. Tel: 800-343-4039 www.grasstechnologies.com