Business
Hathaway Corporation's (HWYI) Diabetes Detection, Inc. (DDI) Enters Alliance Agreement with Research In Motion (RIM) to Further Develop DDI's Diagnostic Technology on the Blackberry®
Hathaway Corporation's (HWYI) Diabetes Detection, Inc. (DDI) Enters Alliance Agreement with Research In Motion (RIM) to Further Develop DDI's Diagnostic Technology on the Blackberry®.
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[{"type":"text","content":"HWYI furthers its business plan by preparing DDI for a spin-off after the completion of our first spin-off, OptiCon Systems Inc., by 2nd Quarter 2007\r\n\r\nMonday November 14, 8:31 am ET \r\n\r\nST. PETERSBURG, FL--November 14, 2006 -- Hathaway Corporation (Other OTC:HWYI- News) announced today that its wholly owned subsidiary, Diabetes Detections, Inc (DDI), has entered into an alliance agreement with Research In Motion (NASDAQ: RIMM; TSX: RIM - News) under RIM's BlackBerry? ISV Alliance Program. The alliance advances DDI's commitment to providing a platform for the early detection of diabetic neuropathy, often an early sign of the onset of diabetes, utilizing leading communications devices such as the BlackBerry?. The platform is designed to work seamlessly with BlackBerry? from Research In Motion (RIM) (NASDAQ: RIMM; TSX: RIM). \r\n\r\nDiabetes is a chronic condition that affects 18.2 million people -- nearly 6 percent of adults and children. National inpatient hospital costs associated with the treatment of diabetes topped $3.8 billion. According to government studies, early detection can reduce this number by $2.8 billion and devices such as the Vibrameter can test for early symptoms of this disease. \r\n\r\nDDI's Vibrameter provides a dual function for electronic communication devices, such as beepers, pagers or cellular phones, as a medical diagnostic tool for detecting and/or monitoring neuropathy. The Device allows a health care professional to perform a quick and accurate test to determine neuropathy in patients. The Device produces instant results allowing the health care professional to refer the subject for further diagnostic evaluation, thereby assisting in the early detection of diabetes. For more information, please visit; http://www.diabetesdetectioninc.com. \r\n\r\n\"We are ecstatic that DDI has joined the BlackBerry? ISV Alliance Program\" said Paul Lisenby, C.E.O. of Hathaway Corporation. \"The BlackBerry handset is a natural platform for our Vibrameter device that is used to detect neuropathy conditions. Working with a company of the caliber of Research In Motion is a tremendous step forward for DDI's corporate development and we look forward to additional progress with Research In Motion as we continue to advance DDI's business model and bring tremendous shareholder value to Hathaway\".\r\n\r\n*BlackBerry?...