Business Update

Development agreement for blood glucose monitoring diagnostic system announced

Published in Obesity and Diabetes Week, August 16th, 2004

HEI, Inc., (HEII) announced that its Advanced Medical Operation based in Boulder, Colorado, has secured an exclusive contract with Sensys Medical, Inc., for design and development of the final manufacturing configuration for a diagnostic system for blood glucose monitoring.

The contract is estimated at $1.3M.

"We are very pleased with booking the design and development of this diagnostic system. It is an excellent fit with our skill set, and we look forward to executing a manufacturing agreement upon the successful completion of this development program," stated Simon Hawksworth, vice president of sales and marketing.

"Key factors...

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Source: Obesity and Diabetes Week (2004-08-16)

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