WOODLAND HILLS, Calif., March 8 /PRNewswire-FirstCall/ -- SPO Medical Inc. , a leading developer of biosensor and microprocessor technologies for use in portable monitoring devices, announced that it has developed a new and unique employee security and safety security tracking system. SPO Medical has partnered with Third Eye, Inc. to promote the product to safety and security-conscious companies.
SPO Medical has developed a bio-sensor chip with proprietary algorithms to collect information from the reflectance of light on the human body, in a non- invasive manner, to monitor key vital signs, including heart rate and oxygen saturation levels. Recognizing that the human heart rate fluctuates in stressful situations, such as when a person is subjected to threatening behavior or engaging in illegal activities, SPO Medical and Third Eye have adapted this technology to create the Security Alert Tracking System (SATS) which banks, casinos, retail outlets and other companies can use to monitor employee safety and possible employee misappropriations.
The centerpiece of Third Eye's SATS unit is a wrist-mounted device that employees can wear comfortably, which collects and sends information wirelessly to the employer's central monitoring system. If the heart-rate exhibits unnatural fluctuations, the information is captured on the wrist unit and transmitted to the central monitoring system. The receiving system can be configured with a video surveillance system to trigger cameras to zoom in on the employee. Used in a casino, bank, office or store, SATS allows the employer's surveillance staff to immediately focus on the employee with unnatural heart-rate fluctuations and determine the source of the stress. This enhances employee security at the company and also can be deployed to assist in apprehending employees engaged in unlawful activities. For more information, visit www.3eyeinc.com.
"I am delighted to offer our proprietary technology for this new application -- the unobtrusive monitoring of employee safety and security," said Michael Braunold, President and Chief Executive Officer of SPO Medical. "SATS is an extension of our patented technology being currently sold worldwide in various medical devices. We look forward to commercializing this new product."
"SATS will be introduced at the New Product Showcase of the forthcoming ISC West EXPO (Booth #3050) for security and surveillance products, March 28- 30, at the Sands Convention Center in Las Vegas, NV," noted David Sims, Jr., President of Third Eye, Inc. "Together with SPO we will be demonstrating the system's ease-of-use and technical capabilities for two key markets: the gaming industry which is concerned with employee theft, and the banking industry, which is concerned with employee security and surveillance. We look forward to being well received by both potential customers at the Expo and the showcase's panel. We're confident that the partnership with SPO Medical in the security and surveillance arena will create similar success to that demonstrated by SPO Medical in the medical device market."
ISC West EXPO is the international showcase and launch pad for new products, technologies and solutions for the global security and surveillance industry. For further details, see www.iscwest.com.
A photo of the SATS wrist-mounted unit can be found at http://www.3eyeinc.com/sats.html.
About SPO Medical Inc.
SPO Medical (SPOM.PK) a leading developer of biosensor and microprocessor technologies for use in portable monitoring devices to capture life-saving and life-enhancing information within four key markets: medical care; home and remote-care; sports and wellness; and safety and security. Its patented technology uses information gathered from the reflectance of light on the human blood stream, in a non-invasive manner, to monitor key vital signs. The Company distributes its products through a network of distributors and also licenses its technologies to appropriate client corporations for commercialization and distribution. For more information, visit www.spomedical.com.
About Third Eye, Inc.
Third Eye markets and sells portable surveillance systems to companies concerned with the safety and security of their employees. It developed its first product, SATS - the Security Alert Tracking System, by partnering with SPO Medical to leverage its non-invasive technology for monitoring key vital signs. Employees wear a wrist-mounted device which relays information about heart-rate fluctuations wirelessly to the employer's central monitoring system, which can be configured with a video surveillance system. The target markets for SATS include casinos, banks, offices and retail stores. For more information, visit www.3eyeinc.com.
Safe Harbor:
This document contains forward-looking statements within the meaning of the United States securities laws. Such statements are subject to certain risks and uncertainties which could cause actual results to differ materially from those in the statements included in this press release. Although SPO Medical believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions at the time of the release, it can give no assurance that its expectations will be achieved. Readers are referred the documents filed by SPO Medical with the Securities and Exchange Commission, including the company's most recent Annual Report on Form 10-KSB and Quarterly Report on Form 10-QSB, which identify important risk factors that could cause actual results to differ from those reflected in the forward- looking statements including (without limitation), the Company's need to raise additional funds, its limited operating history and the limited number of the Company's products that are currently commercially available. SPO Medical disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or otherwise.
SPO Medical Inc.CONTACT: Michael Braunold, CEO, SPO Medical Inc., braunold@spomedical.com,+1-818-888-4380; or David Sims, Jr., President, Third Eye, Inc.,dsims@3eyeinc.com, +1-574-294-3481; or MEDIA: Jerry Cahn, President, Target3 Communications, jerry@target3.com, 1-646-827-0009
