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Lifestream Technologies Signs Agreement With Polymer for New Cholesterol/HDL Test; Lifestream to Bring a New Cholesterol/HDL Test to Market
December 13, 2005 06:30:01 (ET)
POST FALLS, Idaho, Dec 13, 2005 (BUSINESS WIRE) -- Lifestream Technologies, Inc. (LFTC, Trade), a leading supplier of cholesterol monitors, announced today that it has entered into an agreement with Polymer Technology Systems, Inc., for supply of test strips for its new Cholesterol/HDL monitor.
"We are pleased that Lifestream and Polymer will collaborate to bring consumers the ability to measure not only total cholesterol but also HDL cholesterol," said Christopher Maus, Lifestream's CEO. "Now, those who know both their total and HDL cholesterol can determine if they have a ratio that increases or decreases their risk for coronary heart disease. The addition of this important test will complement our present product and expand our market opportunities."
The supply relationship with Polymer meets the stringent quality standards required by Lifestream and provides the Company with a very competitive price. Requested by consumers and pharmacists alike, the HDL cholesterol test will give consumers an additional tool in monitoring their risk for heart disease. The Cholesterol:HDL ratio is a better indicator of the number one cause of death, heart disease, than cholesterol alone. Consumer awareness for cholesterol testing and heart disease can be significantly increased with the addition of this new chemistry.
"Polymer is pleased to be partnering with Lifestream on this project," stated Robert S. Huffstodt, Polymer's CEO. "This agreement is beneficial for both companies, and expands the choices for the health conscious consumer. The ability to perform both tests with one analyzer is more cost effective for the consumer and allows them to monitor two risk factors important in preventing or managing heart disease."
About Polymer Technology Systems, Inc.
Polymer Technology Systems, Inc. (PTS), is a privately held, medical device company that has developed a family of proprietary products to rapidly and accurately test cholesterol and other lipids in the blood. Millions worldwide are at risk for cardiovascular disease -- the leading cause of death in the U.S. today -- and may not know it. Increasing awareness by regularly monitoring their levels may reinforce lifestyle changes and/or drug treatments designed to reduce their level of risk.
PTS' unique technology has led to the first and only FDA-cleared and CLIA-waived blood testing analyzer suitable for both the professional point of care testing market and the home testing market. The PTS system consists of the CardioChek(TM) family of instruments, and PTS PANELS(TM) Test Strips, which can test total cholesterol, HDL cholesterol, LDL cholesterol, triglycerides, as well as other analytes.
About Lifestream Technologies, Inc.
The Company developed and currently markets a cholesterol monitor to consumers and healthcare professionals that provides total cholesterol test results in three minutes.
The Company's product aids the health conscious consumer in monitoring their risk of heart disease. By regularly testing cholesterol at home, individuals can monitor the benefits of their diet, exercise and/or drug therapy programs. Monitoring these benefits can support the physician and the individual's efforts to improve compliance. Lifestream's products also integrate a smart card reader further supporting compliance by storing test results on an individual's personal health card for future retrieval, trend analysis and assessment.
Lifestream's monitors are affordable, hand-held devices that provide users with accurate results in less than three minutes. The product line has been designed to accommodate The Data Concern(TM) Personal Health Card(R) allowing multiple users the ability to store their personal results. Lifestream's products are now available in pharmacy and retail outlets nationwide. To find retailers that carry Lifestream's products, go to "Store Locator" on www.knowitforlife.com or contact Customer Care at 888-954-LIFE. For Company information, visit www.lifestreamtech.com.Posts: 46 | From: Hawaii | Registered: Feb 2005
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