New Study Proves Neoteric Technology Ltd. ‘s BloodTrack Increases Hospital Efficiency

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 11, 2008) - Neoteric Technology Ltd. announced today that a new study released in this month’s American Association of Blood Banks (AABB) Journal of Transfusion proves that dramatic time and cost savings can be achieved by hospitals that implement BloodTrack® OnDemand. At the John Radcliffe Hospital, located in Oxford, United Kingdom, the time to access blood in the OR was reduced from 24 minutes to 59 seconds while the time required for blood bank and clinical staff to manage the blood preparation and delivery process was reduced from 117 to 34 minutes a day. At the same time, the number of blood units issued from the blood bank was reduced by 52%. The report says that BloodTrack “demonstrates the benefits in reducing the time to make blood available for surgical patients and improves efficiency of the hospital transfusion process”.

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