American Shared Hospital Services And NBBJ Join Forces To Commercialize Technologies For The Operating Room Of The 21St Century

AMERICAN SHARED HOSPITAL SERVICES (AMEX:AMS), a leading provider of turnkey technology solutions for advanced radiosurgical and radiation therapy services, announced today that it has entered into a 50/50 joint venture with NBBJ, a leading global architecture and design firm, to commercialize a variety of patented and patent pending technologies owned by the partners that are designed to increase efficiency and improve patient outcomes in the operating room.

"OR21 is a new way of thinking about how surgical environments can improve patient safety and surgical team efficiency and enhance payback for healthcare institutions. In developing our technologies, we asked surgeons, nurses and radiologists what they need to be successful, and spent hundreds of hours observing ORs in action. Our joint venture signals our commitment to sparking a revolution in operating rooms by introducing advanced technologies that address the needs of clinicians and improve patient outcomes," said Richard Dallam, Partner-in-Charge, NBBJ Healthcare.

AMS Chairman and Chief Executive Officer Ernest A. Bates, M.D., said, "The global challenges of access, cost and quality of healthcare delivery are creating a new focus on the performance and accountability of operating rooms. This venture will demonstrate what is possible when leading companies with complementary capabilities work together to meet a common goal. From new operating room lighting concepts to innovative operating table design, we have seeded OR21 with a portfolio of patented and patent pending technologies with significant revenue potential. We already have entered into discussions with a third party regarding licensing agreements for the manufacture and distribution of products based on these proprietary technologies, and expect the initial product launch late in 2013."

About NBBJ

NBBJ is committed to improving health around the world through facility innovation. The firm has designed state-of-the-art facilities for leading healthcare institutions including ten of the top 17 US News and World Report Honor Roll hospitals, as well as headquarters for top corporations such as Reebok, Microsoft and Starbucks. The firm operates from Seattle with U.S. offices in Boston, Columbus, Los Angeles, New York, and San Francisco and overseas in London, Beijing, Shanghai, Moscow and Pune, India.

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