PHILIPS MEDICAL SYSTEMS AGREEMENT

05-05-2004

LiDCO (LID.L), the UK-based, AIM-traded cardiovascular monitoring company, today announces that the company has entered into a contract with Philips Medical Systems to create a communications link between LiDCO’s proprietary, stand-alone monitoring system and Philips' patient monitors, via the Philips Open Vuelink Interface protocol. Under the agreement, Philips will provide LiDCO with appropriate software to enable a communications link between the LiDCOplus Hemodynamic Monitor and Philips' IntelliVue Patient Monitor. Once completed, the communications link will allow Philips customers access to LiDCO’s proprietary, minimally-invasive hemodynamic monitoring data on the IntelliVue Patient Monitor. The integration of critical care parameters and data derived from the LiDCOplus monitor will allow a full picture of the patient’s condition and history to be displayed and accessed throughout the hospital.

LiDCO’s CEO, Dr. Terry O’Brien, commented “The communications link will further enhance the utility of the LiDCOplus for both our existing and future Philips customers. LiDCO will continue to explore additional non-exclusive collaborations with the major corporations providing monitoring products to the acute care hospital market. Our ambition is to make LiDCO’s technology the standard of care throughout the hospital for minimally-invasive hemodynamic monitoring.”

Notes about the Philips Vuelink and IntelliVue Monitor

The new Philips IntelliVue Patient Monitoring System with portal technology is expected to speed treatment decisions and enhance time spent with the patient. IntelliVue uses portal technology to enable hospital staff to securely access, view and interact with patient information right at the bedside. It provides true integration of a wide variety of applications from Philips and other companies equipment on a single screen, without the need to have a second network connection. The system is designed to enhance workflow and locate patient information more quickly, which may facilitate faster diagnoses, and therefore, better treatment.

The IntelliVue monitor is networked to Philips’ enhanced IntelliVue Information Center. IntelliVue enables staff access to patients’ records throughout their hospital stay. As a patient moves between departments e.g. the emergency room to the operating room, information on a patient in one location can be accessed from other care units as well as on the Information Center.

About Royal Philips Electronics

Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is one of the world’s biggest electronics companies and Europe’s largest, with sales of EUR 29 billion in 2003. It is a global leader in colour television sets, lighting, electric shavers, medical diagnostic imaging and patient monitoring, and one-chip TV products. Its 165,300 employees in more than 60 countries are active in the areas of lighting, consumer electronics, domestic appliances, semiconductors, and medical systems.



Enquiries:  
   
LiDCO Group Plc 020-7749 1500
Terry O'Brien (CEO) terry@lidco.com
Richard Mills (FD) richard@lidco.com

Bankside Consultants Limited
 
Charles Ponsonby (PR) charles.ponsonby@bankside.com 020-7444 4166


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