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cardiocomm solutions inc (EKG) Details

CardioComm Solutions, Inc. is engaged in the development of hardware and software for the cardiology field in the United States, Canada, and other countries. The company’s technology is used in various products for recording, viewing, analyzing, and storing electrocardiograms (ECGs) for the diagnosis and management of cardiac patients. Its software products include Global ECG Management System (GEMS), a software solution for cardiac event monitoring; GlobalCardio 3 Lead; GlobalCardio 12 Lead, a Web enabled portable ECG device that is electronic medical records (EMR) compatible; and ECG Viewer SDK. The company also offers software modules, such as GEMS Air, a live wireless ECG monitoring solution; AutoAttendant, which allows healthcare providers to focus on providing patient care; GEMS HL7 and EMR Interface that allows patient and follow-up information to be sent in an HL7 message format to other EMR systems that are HL7 compliant; GlobalCardio EMR integration that integrates with EMR and enables bidirectional movement of data; and GEMS Lite, an electronic ECG receiving system. In addition, it provides hardware products comprising HeartCheck, a handheld ECG monitors; HeartCheck PEN; QRS Diagnostic; Cardiac Science Atria ECG recorders; DR200/HE, a holter and event recorder; Burdick Atria 3100 ECG, an electrocardiogram system for private practices; Burdick Atria 6100 ECG, a portable ECG/EKG system for hospitals and cardiology clinics; GEMSTrak AF, a cardiac event recorder with atrial fibrillation auto-capture; and ECG electrodes. Further, the company offers ASP services, including C4 ECG management services. It serves hospitals, call centers, and physician’s offices through a combination of the company’s external distribution network and sales team. CardioComm Solutions, Inc. was incorporated in 1989 and is headquartered in North York, Canada.

Founded in 1989

cardiocomm solutions inc (EKG) Top Compensated Officers

Chief Executive Officer, Corporate Secretary,...
Total Annual Compensation: C$250.0K
Chief Financial Officer
Total Annual Compensation: C$30.0K
Compensation as of Fiscal Year 2013.

cardiocomm solutions inc (EKG) Key Developments

Cardiocomm Solutions Inc. Enters into Sales and Marketing Agreement

CardioComm Solutions Inc. announced that it has entered into a sales and marketing agreement for growing and managing the Company’s HeartCheck™ ECG related business in drug chains, mass retailers, club retailers, grocery retailers and distributors’ head offices in the USA.

Cardiocomm Solutions Completes Software Development Agreement with the Release of GEMSTM 4.0

CardioComm Solutions Inc. announced it has completed the final milestone of a software and source code licensing agreement (SLA) for use of the Company's Global ECG Management Solution (GEMSTM) and GUAVA ECG viewer by MD Primer Inc. (MDP). The final milestone was achieved through the completion and release of the Company's GEMSTM 4.0 software. Pursuant to the SLA, completion of GEMSTM 4.0 has triggered a third and final $100,000 payment milestone by MD Primer. The GEMS 4.0 software released is designed for the ECG management of recordings collected and transmitted through the use of analogue devices which has market applicability in Canada and the USA. The Company has indicated that it will review further enhancements of GEMS 4.0 in 2015. Under the SLA, MDP is licensed to use the GEMSTM WIN, GEMSTM 4.0 and GUAVA software and the source code in support of MDP's current research-based business activities. MDP may not use the licensed materials to compete with CardioComm Solutions' business and CardioComm Solutions will not enter into another concurrent source-code based licensing agreement for the products named under the SLA. The third and final installment milestone payment is now confirmation that the Company's GEMSTM 4.0 software has been released commercially well in advance of the stated November 7, 2015 deadline. Completion and commercial release of the Company's GEMTM WIN and GEMS TM 4.0 software products removes any SLA penalty clauses which would have permitted MDP to acquire and use the unfinished GEMSTM software works without restriction and also ensures the Company retains the option to repurchase the SLA from MDP at any time for its original $500,000 value plus 10% interest compounded annually in cash or in units of CardioComm Solutions.

Cardiocomm Solutions Inc. Announces Four Year Agreement with GE Healthcare's Diagnostic Cardiology

CardioComm Solutions Inc. announced a four year agreement with GE Healthcare's Diagnostic Cardiology division which will see GE Healthcare recommending their MARS® Event software customer base, upgrade to the GEMSTM WIN platform. All upgrades will be performed by CardioComm Solutions directly. The GE Healthcare /CardioComm Solutions relationship has been in place for the past eight years during which time CardioComm Solutions has been providing GE HealthCare software under an OEM agreement. With Microsoft's announcement that Windows XP and Server 2003 support would be discontinued in 2014 and 2015 respectively, GE Healthcare decided that GEMSTM WIN and GEMSTM Lite would be sold in favour of the MARS® Event Station and MARS® Event Station Lite and that the MARS® Event Station and that the MARS® software will no longer be sold. The recently released GEMSTM WIN and GEMSTM Lite software will provide the same user interface and capabilities of the MARS® Event and Event Lite solutions which will make the transition of an upgrade straight forward and not require staff retraining. In addition, GEMSTM WIN users may take advantage of the integration of new digital and wireless event recorders into their monitoring services as well as retain use of their legacy analogue ECG recorder devices.


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