Published:
Vicor Technologies Announces Election of Two Additional Directors

Vicor Technologies, Inc. (OTCBB: VCRT),
focused on commercializing its diagnostic risk stratification technology,
announces the election of two independent directors, Messrs. Frederick M.
Hudson and Joseph C. Franchetti, to its Board of Directors. Mr. Hudson will
serve as a Class II director and Mr. Franchetti will serve as a Class III
director.
Mr. Hudson retired as a partner from the accounting firm of KPMG, LLP on
January 1, 2006 after a distinguished 37-year career with the firm. He was
in charge of the Health Care Practice for the Mid-Atlantic Area. He is a
graduate of Loyola College and currently serves in a Board capacity with
the Board of Financial Administration of the Catholic Archdiocese of
Baltimore, Board of Sponsors, Loyola College Sellinger School of Business
and Management and the Board of Trustees of the Maryland Historical
Society.
He also chairs the Audit Committee of the Board of Directors of Paradigm
Management Services LLC (a provider of catastrophic care services), Remedi
Health Services, Inc. (an institutional pharmacy service provider) and is a
member of the Audit and Finance Committee of the Board of Directors for
GBMC Healthcare, Inc and its affiliate, the Greater Baltimore Medical
Center (central Maryland's leading community hospital).
Mr. Franchetti has been, and is currently, a consultant, director and
advisor to several health care/medical device companies in the
cardiology/cardiovascular and life sciences arenas, including start up
companies. He now serves as Vice-Chairman of CVAC Health Systems Inc., and
was president and CEO of Colin Medical Instruments Corp. (now Omron) a
Japanese-owned worldwide leader for non-invasive blood pressure and
physiological/vital signs monitoring and diagnosis.
His executive experience also includes being co-founder and CEO of Bio-Chem
Laboratory Systems Inc. and a corporate and International vice-president
and general manager for Technicon (now Siemens) and Narco Scientific (now
Respirionics). He is a graduate of the Wharton School of the University of
Pennsylvania and a Trustee emeritus of Southwest Research Institute of
Texas.
Commenting on the appointments, Vicor President and CEO Mr. David H. Fater
stated, "We are delighted and gratified to have two individuals with such
professional experience join our Board. Mr. Franchetti's background in the
cardiac medical device industry provides him with a unique perspective with
which to assist Vicor in the commercialization and expansion of our PD2i
platform risk stratification technology. Mr. Hudson's background enables
him to serve as our Board's financial expert and Chairman of the Audit
Committee, two very important positions of responsibility."
Vicor's Class II directors serve until the 2009 annual meeting of
stockholders or until their successors are elected and qualified; Class III
directors serve until the 2010 annual meeting of stockholders or until
their successors are elected and qualified.
About Vicor Technologies, Inc.
Vicor's diagnostic technology, which is currently being commercialized, is
based on a patented, proprietary algorithm for diagnostic risk
stratification of patients. Vicor believes its PD2i Cardiac Analyzer
accurately risk stratifies patients who are at high or low risk of
suffering a fatal arrhythmic event, or Sudden Cardiac Death (SCD), within a
six-month time frame. Vicor believes its PD2i VS (Vital Sign) will assist
physicians in triaging patients suffering from trauma and other critical,
serious injuries by identifying those who need immediate Life Saving
Intervention (LSI).
In January 2008, the U.S. Army's Institute of Surgical Research and Vicor
signed a Collaborative Research and Development Agreement whereby the PD2i
will be utilized to assess severity of injury, and probability of survival,
for critically injured combat casualties and critically ill civilian
patients. The collaborative effort is envisioned to lead to the
development of new comprehensive decision support tools, and or devices
that may incorporate the PD2i algorithm alone, or in association with other
metrics currently under investigation, with the goal to monitor, assess
status and predict outcome in critically injured humans. The study is
entitled "Prediction of Injury Severity and Outcome in the Critically Ill
Using the Point Correlation Dimension Algorithm."
It is anticipated that U.S. FDA 510(k) approval (for medical devices) for
this application will be submitted in 2008 in conjunction with assistance
from the U.S. Army.
About Vicor's PD2i Cardiac Analyzer and PD2i VS (Vital Sign) Medical
Devices
Vicor's PD2i Cardiac Analyzer addresses a significant health care issue
involving a patient cohort of at least 12,000,000 patients. This patient
cohort is composed of the MADIT-II (Multicenter Automatic Defibrillator
Implantation Trial II)/SCD-HeFT (Sudden Cardiac Death in Heart Failure
Trial) patient population. Many in this patient cohort may need an ICD
(Implantable Cardioverter Defibrillator) as life saving therapy.
However, recent registry studies have noted that over 70% of implanted ICDs
never have an appropriate firing. This over-implantation has led to a
substantial and unnecessary medical cost burden, and puts patients at risk
because of complications that can accompany implantation surgery.
Significantly, there is also the risk of not identifying patients who need
this life saving therapy because current criteria do not provide physicians
the ability to accurately risk stratify their patients. In fact, a recent
manuscript in Heart Rhythm indicated that only 20% of those people
suffering SCD meet the current criteria to receive ICDs.
The PD2i Cardiac Analyzer and PD2i VS both contain the patented PD2i
algorithm which provides a method for evaluating electrophysiological
potentials with a high sensitivity and high specificity used to predict
future pathological events, i.e. fatal cardiac arrhythmias. The PD2i
algorithm detects deterministic, low-dimensional excursions in
nonstationary heartbeat intervals. The PD2i algorithm uses an analytic
measure that is deterministic and nonlinear. It is based on caused
variation in data; does not require data stationarity and actually tracks
nonstationary changes in the data. It is sensitive to chaotic as well as
nonchaotic, linear data.
For more information visit the Vicor Technologies web site
www.vicortech.com.
The appearance of name-brand institutions or products in this media release
does not constitute endorsement by the U.S. Army Medical Research and
Materiel Command, the Department of the Army, Department of Defense or the
U.S. Government of the information, products or services contained therein.
Caution Regarding Forward-Looking Statements
Forward-looking statements in this press release are based on current plans
and expectations that are subject to uncertainties and risks, which could
cause our future results to differ materially. The following factors,
among others, could cause our actual results to differ: our ability to
obtain FDA approval of the PD2i Cardiac Analyzer for military and civilian
applications, our ability continue to receive financing sufficient to
complete the critical clinical trials; our ability to continue as a going
concern; our ability to successfully develop products based on our
technologies; our ability to obtain and maintain adequate levels of
third-party reimbursement for our products; the impact of competitive
products and pricing; our ability to receive regulatory approval for our
products; the ability of third-party contract research organizations to
perform preclinical testing and clinical trials for our technologies; the
ability of third-party manufacturers to manufacture our products; our
ability to retain the services of our key personnel; our ability to market
and sell our products successfully; our ability to protect our intellectual
property; product liability; changes in federal income tax laws and
regulations; general market conditions in the medical device and
pharmaceutical industries; and other matters that are described in Vicor's
Annual Report on Form 10-KSB for the fiscal year ended December 31, 2007
and subsequent filings with the Securities and Exchange Commission.
Forward-looking statements in this press release speak only as of the date
of the press release, and we assume no obligation to update forward-looking
statements or the reasons why actual results could differ.
Release 08-11
Copyright © 2008, MarketWire
Copyright © 2008, NewsBlaze,
Daily News
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