Ann: KSX Commences Shipping WHolter and Wireless , page-3

re: Ann: KSX Commences Shipping WHolter and W...



The Company succeeded in completing the development of these cutting edge devices and turning them to serial production by integrating the concerted efforts of a dedicated team of hardware, algorithms, firmware and software engineers. This was then turned to serial cost-effective production by our experienced operations and production executives in record time. commented Mr Itzik Kroin, KSXs Chief Technology Officer. He added that the two products share over 90% of their components and sub-assemblies thereby substantially reducing the cost of manufacturing to about 25% of that of the wired PulmoTrack, while actually improving the fidelity of the signals.
More than half of the first batch of 100 units produced has already been ordered so the production of a second batch has now commenced. Supply of the products to fulfil first orders to Italy, UK, Germany, Benelux and other European countries as well as Canada and Australia will take priority. This represents another important milestone in the transition of KSX to a fully fledged commercial operation.
In parallel to the commencement of production of these two new products, the Company is gearing up production of the Clinical WheezoMeterTM to meet the demand and in preparation for the forthcoming meeting of the American Thoracic Society (ATS) in mid May. KarmelSonix COO and VP Quality and Regulatory Affairs, Mr Igor Naroditsky, commented, the serial steady production of the WheezoMeterTM has already resulted in substantial reduction of COGS with further reductions anticipated as production volumes increase.