Hutchinson Technology Reports Fourth Quarter Loss On Reduced Volume
During the fiscal 2011 first quarter, the company plans to launch a new product, the InSpectra(TM) StO2 Spot Check, in Europe and the Middle East and to file for marketing clearance of the product in the United States under the U.S. Food and Drug Administration's Premarket Notification, or 510(k), process. "This handheld device leverages our StO2 measurement technology and enables clinicians to quickly and cost-effectively identify at-risk patients, who can then be continuously monitored with our InSpectra StO2 Tissue Oxygenation Monitor," said Penn.
Penn said that the clinical and economic evidence for wider adoption of StO2 monitoring is compelling and growing. "Multiple clinical studies demonstrate that patients with low StO2 are at risk of poor outcomes and that measurement of StO2 identifies problems that other vital signs do not," said Penn. "Additionally, recent research suggests that using StO2 to guide patient treatment results in improved outcomes as well as economic benefits in the form of shortened length-of-stays in the ICU and hospital."
Hutchinson Technology to Host Conference Call
The company will conduct a conference call and webcast for investors beginning at 4:00 p.m. Central Time on Monday, November 1. Individual investors and news media may participate in the conference call live via the webcast, which will be available through the Investor Relations page on Hutchinson Technology's web site at www.htch.com. Webcast participants will need to complete a brief registration form and should allow extra time before the webcast begins to register and, if necessary, download and install audio software.About Hutchinson Technology Hutchinson Technology is a global technology leader committed to creating value by developing solutions to critical customer problems. The company's Disk Drive Components Division is a leading worldwide supplier of suspension assemblies for disk drives. The company's BioMeasurement Division is focused on bringing new technologies and products to the market that provide information clinicians can use to improve the quality of health care and reduce costs.
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