SAN DIEGO, May 25, 2004 (PRIMEZONE) -- Isensix, Inc. (www.isensix.com), the premier provider of wireless healthcare monitoring systems for medical facilities, clinical laboratories and blood banks, today announced the completion of the first closing of its $4.9 million financing led by Shelter Capital Partners.
This new investment will be used to accelerate the company's nationwide sales effort for its Advanced Remote Monitoring System (ARMS(TM)). Demand for the ARMS(TM) system has increased substantially since its introduction at the American Association of Blood Banks (AABB) TXPO in November, 2003.
Isensix provides wireless systems to continuously monitor the temperature and environment of sensitive life-saving resources, including blood and medication. Existing installations include Children's Hospital San Diego, UCLA Medical Center and National Genetics Institute in Los Angeles.
"Isensix is pleased to have Shelter Capital Partners as a new investor," said William Son, president of Isensix. "We selected Shelter Capital for their technology expertise and extensive network of business relationships. This partnership will enable Isensix to solidify its competitive advantages and become the market leading provider of wireless, Internet-based monitoring solutions."
"The early adoption of the ARMS(TM) systems by some very prestigious health care providers and clinical laboratories has shown us that Isensix has been able to put the right technology to work to resolve longstanding problems in the industry," said Bahram Nour-Omid, senior partner at Shelter Capital Partners. "And we believe this technology can form the basis for expanded product lines serving a host of opportunities in other markets."
About Isensix, Inc.
Isensix, Inc. is a leading provider of wireless healthcare monitoring systems for medical facilities, clinical laboratories and blood banks. Using ARMS(TM) technology, the Isensix system provides complete environmental monitoring solutions to minimize catastrophic events and meet compliance requirements with ease. Isensix is a privately-held company headquartered in San Diego, Calif. For more information, visit the company's Web site at www.isensix.com.
About Shelter Capital Partners
Los Angeles-based Shelter Capital Partners (www.sheltercap.com) is a leading technology investment firm that invests in businesses at all stages of development, with a focus on high value-add investing in companies that have the potential to become industry leaders. Areas of investment focus include enterprise application software, wireless and other communication technologies, and semiconductors.