TORONTO, July 13 /CNW/ - Spectral Diagnostics Inc. (TSX: SDI) today announced successful results of the early commercialization of its i-Lynx(TM) instrument, which offers both automated interpretation of the Cardiac STATus(R) rapid test and information management of the results. As at June 30, 2005, Spectral had placed 47 instruments in more than 24 hospitals. These placements are predominately in the United States, the Company's largest geographic cardiac market presence. The i-Lynx(TM) is now operating in hospitals ranging from mid-size to major medical centers across the country. Instruments have also been placed in several Canadian institutions. The i-Lynx(TM) is compliant with FDA and Health Canada regulations and is assembled at Spectral's Toronto facility. Spectral had previously identified a market need in rapid testing in the hospital setting, particularly in critical illness situations. Visual read assays are convenient, rapid and have proven effectiveness in directing patient management. However, individual differences in interpretation, lack of a permanent electronic record and integration into the hospital's computerized patient records, laboratory results and billing functions have limited their implementation. The i-Lynx(TM) instrument is a solution to these issues. "We are very pleased with the early market acceptance of the i-Lynx(TM). We have now placed these instruments in both new and existing customer hospitals. We expect the i-Lynx(TM) to help us maintain our existing valued customer relationships and to allow us to attract new business. The need for hospitals to meet rapid cardiac marker testing guidelines remains strong and the i-Lynx(TM) provides an innovative solution," stated Dr. Paul Walker, President and CEO of Spectral. Spectral is a developer of innovative technologies for rapid diagnostics. Spectral provides accurate and timely information to clinicians enabling the early initiation of appropriate and targeted therapy. Current products are rapid format tests measuring markers of myocardial infarction (Cardiac STATus(R)). New products include rapid diagnostics for sepsis (EAA(TM)). Spectral manufactures the EAA(TM) and Cardiac STATus(R). Spectral's common shares are listed on The Toronto Stock Exchange: SDI. Information in this news release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws. Implicit in this information, particularly in respect of the completion of the proposed offering, the future outlook of Spectral and anticipated events or results, are assumptions based on beliefs of Spectral's senior management as well as information currently available to it. While these assumptions were considered reasonable by Spectral at the time of preparation, they may prove to be incorrect. Readers are cautioned that actual results are subject to a number of risks and uncertainties, including the availability of funds and resources to pursue R&D projects, the successful and timely completion of clinical studies, the ability of Spectral to take advantage of business opportunities in the biomedical industry, the granting of necessary approvals by regulatory authorities as well as general economic, market and business conditions, and could differ materially from what is currently expected. %SEDAR: 00002006E
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