Released Products with Masimo SET technology: (Move mouse over instrument names to see pictures.) IVY Biomedical System 11-T Business Park Branford, CT 06405 USA (203) 481-4183 (203) 481-8734 FAX www.ivybiomedical.com On September 24, 1997, IVY Biomedical and Masimo Corporation announced a licensing agreement under which the companies will work together to develop a new pulse oximeter that will utilize Masimo's proprietary signal processing and sensor technologies, and to incorporate this technology into other IVY patient monitors. IVY Biomedical is a well-established, leading designer and manufacturer of patient monitoring systems sold worldwide via leading corporate OEM partners, and will be integrating Masimo Signal Extraction Technology (Masimo SET®) to strengthen its pulse oximetry monitoring capability. IVY will be introducing several products incorporating the Masimo SET technology. These include a stand alone pulse oximeter, the model 2000, and the popular portable multi-function monitor, the 405T. IVY is already shipping it’s multi-function bedside patient monitor, model 405D, with Masimo SET to a leading International OEM partner in Europe. Thomas Abbenante, Founder and Chairman of IVY Biomedical, stated, "We have always strived to provide the best available technology to our OEM customers. By offering our OEM customers a new stand alone pulse oximeter incorporating Masimo SET, and by adding this technology to IVY’s multi-function monitors, we shall be able to satisfy increasing customer needs for improved pulse oximetry performance." Joe C. Franchetti, IVY’s recently appointed President, added, "The addition of the Masimo SET technology will enable us to develop our market presence, both in the critical care perinatal market and also other high acuity and medical/surgical adult markets, where motion artifact in the presence of low peripheral blood perfusion is prevalent. This will be achieved both by expanding our direct and distributor sales channels and by cultivating existing and new OEM corporate alliances."  Joe E. Kiani, President and Chief Executive Officer of Masimo Corporation stated, "IVY has been, and continues to be, one of the leading manufacturers of patient monitors, sold mostly via partnerships with OEM customers worldwide. This endorsement of our technology is especially important due to the fact that the founders of IVY have a proven track record in this industry, having previously started two other very successful monitoring companies. We are delighted to have IVY as one of our long-term partners and look forward to working with them and their team of engineers." IVY is a privately held company located in Branford, CT. IVY manufactures a broad line of patient monitors and proprietary ECG Trigger monitors, that are distributed worldwide both via several major OEM customers and under the IVY name for leading Gamma Camera companies. IVY’s monitors are used in operating rooms, post-anesthesia care units, and neonatal and adult intensive care units worldwide.