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Triage Wireless Raises $20.3 Million in Series B Financing Round Led by Qualcomm Ventures

Tuesday, April 1, 2008 General News
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SAN DIEGO, March 31 Triage Wireless, Inc. today announcedthat it closed on a $20.3 million strategic investment round led by QualcommVentures. Other participants in this round included existing investorsSanderling Ventures and 3i Group and new investor, Intel Capital. To date,Triage Wireless has raised $25.8 million. The new proceeds will be used tofund the commercialization of the Company's wireless vital signs monitoringsystem, OmniScan(R), which features a novel proprietary method for measuringblood pressure.
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"This strategic investment reflects confidence in our OmniScan Technologyand its potential for mitigating the risk of medical errors and other adverseevents by providing a novel approach to continuous vital signs monitoring,"said Tom Watlington, Chief Executive Officer of Triage Wireless, Inc. "We arefortunate to have two premier technology companies as participants in thisoffering and look forward to working with them to advance wireless medicaltechnology."
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"The expanded implementation of monitoring technology in hospitals can notonly improve care, but also enhance efficiency," said Nagraj Kashyap, SeniorDirector and head of Qualcomm Ventures. "We believe the wireless capabilitiesof the Triage technology will make such monitoring practical in both thehospital and the home settings, and we are pleased to participate in thisoffering."

About Triage Wireless, Inc.

Triage Wireless is a medical device company dedicated to development,marketing and sale of a new generation of vital signs monitoring technologythat merges the benefits of wireless body-area network communication (WBAN)with improved biosensors. The first generation of new sensors allow bloodpressure measurements to be made continuously for long periods of time withoutrelying on frequent inflations of an arm-worn cuff. With its wirelesscapabilities, patients do not have to be tethered to the monitor and resultscan be sent to any wireless network.

OmniScan(R) is a registered trademark of Triage Wireless, Inc.

SOURCE Triage Wireless, Inc.
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