BOSTON – July 22, 2011 – Carrot Medical, a leading manufacturer of integrated medical imaging display and communication systems, has announced results for Q2 2011. During the year, Carrot Medical achieved significant growth in sales and an expansion of sales channels.

Concluding the first half of 2011 with record second quarter sales, Carrot surpassed its revenue mark for the full year in FY 2010. The company is now well positioned for the third straight year of triple digit growth. Since inception, Carrot has received orders for more than 50 ofits C-View systems, a premium class medical imaging and data integration solution.

Craig Dickinson, Carrot Medical’s VP of sales points out, “In a forward perspective, contrasting our earliest installations in Electrophysiology labs, the utilization of Carrot’s technology is expected to expand into traditional Catheterization, Interventional and Neuroradiology labs, as well as Hybrid OR suites. This broad adoption of the technology is further reason for continued optimism in 2011 and beyond.”

“Hospitals are continuing to expand and modernize their cardiovascular programs, adding new technology to the procedure suite. Carrot Medical’s vision, since our inception in 2008, has been to integrate this technology, creating a more efficient clinical environment. We are continuing to take advantage of the market demand we created when we launched our C-View system at the RSNA in November 2008,” said Ward Sparacio, CEO of Carrot Medical. “Our pipeline and opportunity portfolio has grown by more than 40 percent in the past 6 months alone.”

Sparacio also points to Carrot Medical’s continued focus on measuring customersatisfaction, using a Net Promoter Scoring methodology. A Net Promoter Score measures how likely it is a customer would recommend a company to a friend or colleague. Carrot has achieved a Net Promoter Score of 88% in the past year on post-installation surveys, which places it among the most esteemed companies.

Carrot Medical is the manufacturer of C-View, an information technology solution that integrates medical images and other visual data onto a single, ultra-high-definition display. Carrot Medical also offers, C-Com, a communication system that allows greater collaboration among clinical team members, while reducing noise and distraction during procedures. Both systems have been purchased by leading healthcare institutions for use within cardiovascular interventional suites.

For more information, visit: www.carrotmedical.com or watch the Carrot Video.

Contact:
Lauren DiGeronimo
Morrissey & Company
617/399-6018
lauren@morrisseyco.com

Carrot Medical, recognized as a market leader, is the manufacturer of C-View, an Information Technology solution that integrates medical images and other visual data onto a single, ultra-high-definition display. Carrot Medical also offers, C-Com, a communication system that allows greater collaboration among clinical team members, while reducing noise and distraction during procedures. Both systems have been purchased by leading healthcare institutions for use within cardiovascular interventional suites throughout the USA.

Carrot Medical’s success in 2010 includes sales growth exceeding 100 percent over the prior year. This represents the third consecutive year that Carrot Medical has achieved this level of growth. New sales included orders for more than 50 of Carrot Medical’s C-View and C-Com systems, representing an expanded geographic installed-base across all regions of the country.

“We are thrilled, considering economic challenges and limited healthcare budgets, that clinicians and administrators continued to recognize Carrot Medical’s technology as a valuable investment in the optimization of clinical delivery processes,” said Ward Sparacio, CEO of Carrot Medical.

Jeremy Wiggins, Carrot Medical’s Vice President of Product Development and Strategic Marketing stated; “The combination of new investment capital, along with our growing sales trajectory, will afford Carrot the opportunity to execute an aggressive strategy for new-market expansion and R&D activities in 2011.”

In 2010, Carrot Medical achieved compliance with ISO 13485, demonstrating the highest standards of quality management systems for medical devices and giving the company better maneuverability in international markets, particularly within the European Union. Carrot Medical also initiated a global marketing and sales partnership with MAVIG GmbH, a Munich-based manufacturer of medical imaging monitor suspension systems.

“Carrot Medical is poised to break into global markets with the same vigor with which it has grown domestically,” Sparacio stated. “We’re looking forward to expanding our customer base and bringing the best medical imaging workflow tools to clinicians around the world in 2011.”

About Carrot Medical

Carrot Medical has offices in Boston, MA and Bothell, WA. For more information, visit: www.carrotmedical.com.

SOURCE Carrot Medical

BOSTON – October 12, 2010 – Carrot Medical, a Boston-based developer of medical audio and video integration systems, is bolstering its management team with the appointment of two seasoned executives.

Richard Stewart brings more than ten years of experience providing service and support for medical device companies to his role as vice president of global services. He will oversee service and support for Carrot’s line of medical imaging technology, which leads the industry in the integration, display and control of visual clinical data.

Additionally, Jeremy Wiggins joins the company as vice president of product development and strategic marketing, bringing 20 years of experience in product management, business development and marketing for medical device and medical imaging companies. Wiggins will define and develop Carrot’s technology, products, and strategic marketing roadmaps.

“Richard and Jeremy are joining our company during a period of strong growth and maturation,” said Ward Sparacio, Carrot Medical’s CEO. “We are expanding our management team to keep up with our growth and to maintain our competitive advantage while achieving the level of innovation that our customers and strategic partners require.”

Stewart joins Carrot Medical after previous work with medical device companies such as SeaMED, SonoSite, Confirma, Merge Healthcare, and GE Healthcare. He holds a Bachelor of Arts in economics from Carleton University and has been trained as a nuclear power plant operator on US Navy submarines. As Vice President of Global Services, Stewart’s background developing and managing ISO and FDA regulated service and support processes will serve as a key asset for Carrot Medical.

Wiggins has held senior positions at medical companies such as ATL Ultrasound, Philips Medical and SonoSite. He has also provided consulting services for many other medical companies. He attended the University of Washington & Washington State University and holds a degree in diagnostic medical ultrasound as well as several patents in that field.

BOSTON – May 12, 2010 – Carrot Medical, a leading designer of integrated medical imaging display systems, and MAVIG GmbH, the leading manufacturer of medical imaging monitor suspension systems, announced today the execution of a global marketing and sales channel partnership agreement. This partnership provides a semi-exclusive contract for the sale of all products through Mavig’s global sales channel while offering Mavig access to the next generation of integrated medical imaging display technology.

“The partnership with MAVIG represents a significant opportunity for growth as we expand our business operations and market footprint through global distribution,” said Ward Sparacio, CEO of Carrot Medical.

Craig Dickinson, Carrot Medical’s Global Vice President of Sales stated, “Our partnership with MAVIG will allow us to align Carrot with a highly respected, established brand; we are confident that this collaboration will improve market positioning while increasing sales for both companies.”

The MAVIG partnership is one step in a larger channel partner strategy of creating strong relationships with some of the leading medical imaging manufacturers in the world. Additional channel agreements are under development.

“We at MAVIG are excited to have Carrot as a partner to continue to offer the medical industry with the most state-of-the-art solutions. We are looking forward to a strong relationship that will allow us to open up new markets,” Clemens Pfeffermann, Director of International Sales.

Since 2009, Carrot has sold more than 20 C-View systems at leading medical centers including Brigham and Women’s Hospital, Yale New Haven Hospital and Scripps Memorial Hospital. Carrot Medical’s domestic opportunity pipeline is growing rapidly and numerous additional sales contracts are expected during the fiscal quarter.

Carrot Medical is showcasing its C-View, C-Com and C-Stream technology at the Heart Rhythm Society’s 31st Annual Scientific Sessions May 12 through 15 at the Colorado Convention Center in Denver, CO.

About MAVIG GmbH

MAVIG is a world leader in radiation protection and medical suspension systems, with over 80 years of experience. Our leading “Made in Germany” craftsmanship, innovative concepts, and ability to reliably supply throughout the world has made us the preferred supplier to many of the industry’s top names. We are committed to our customers’ satisfaction, and providing solutions for their continually changing needs. A complete overview of MAVIG and our products can be found at www.mavig.com.

BOSTON – Dec. 2, 2009 – Carrot Medical, a leader in visual and audio integration products for the next-generation cardiology suite, announced today that it has received ISO 13485 certification. The certification covers the company’s C-View and C-Com product lines, which both improve workflow and optimize clinical performance in the operating room.

The ISO Certification confirms that Carrot Medical has successfully implemented a quality management system that adheres to the worldwide standard for design and manufacture of medical devices. In addition, achieving certification validates Carrot Medical’s commitment to meeting and exceeding customer, regulatory and quality standards with regards to its product suite. The company’s audit
was conducted by BSI, a leading global independent certifier of management systems.

“Receiving ISO Certification is a tremendous milestone for our organization. ISO certification serves as evidence of the high level of business competency Carrot Medical demonstrates, from the quality of our products to our operational discipline,” said Ward Sparacio, CEO of Carrot Medical. “Furthermore, due to the international recognition of ISO 13485, Carrot is now in a position to expand our channel opportunities and grow our business globally.”

ISO 13485 is an International Organization for Standardization (IS0) classification that focuses on the unique and rigorous requirements for companies involved in the development of medical devices. Manufacturers must demonstrate that quality management systems are implemented and maintained to receive the certification, which addresses such quality issues as risk management, sterilization and traceability.

Carrot Medical’s technology integrates with the video and audio technologies of existing OEM’s in the surgical suite. Carrot’s C-View monitoring solution consolidates up to 24 third-party video input sources into a single lossless video feed displayed in real time on a single 56-inch LCD display. Carrot’s C-Com audio system provides an efficient and subtle method for whisper-quiet communication between control and procedure rooms. A third product, Carrot’s C-Stream, synchronizes video and audio into a recording and Internet broadcasting solution, allowing for both improved collaboration among remote clinical team members and for innovative educational opportunities.

Carrot Medical is showcasing its C-View, C-Com and C-Stream technology at the Radiological Society of North America (RSNA) Annual Meeting November 29 through December 4. These technologies will be on display in conjunction with GE Healthcare and Mavig GmbH. RSNA comes on the heels of highly visible appearances at the Medica World Forum in Germany (with Mavig GmbH) and
at the Medicine International Trade Fair in Washington, D.C. for the United
States Congress.

BOSTON – Nov. 4, 2009 – Carrot Medical has announced its successful completion of product installations at four top hospitals in the U.S. With the recent installations of its C-View™ system, the Boston-based company has installed a total of seven of its state-of-the-art information integration systems
at four sites – Yale Medical Center, Brigham and Women’s Hospital, The Hospital of the University of Pennsylvania and the University of Pittsburgh Medical Center.

Carrot’s C-View replaces the multiple monitor configuration traditionally used by clinicians to monitor patients, with a single 56-inch LCD display with four times the resolution of standard high-definition monitors. The single display enables users to integrate information from multiple vendors, including x-ray, MRI, 3-D Mapping systems, ultrasound and other visual modalities and data sources.

In addition to its video integration technology, the Carrot C-View system uses a 3840×2160 LCD display that has 4 times more scanning lines than conventional HD monitors and can integrate up to 24 video sources and display up to 16 images simultaneously. When integrated with Carrot’s C-Com wireless communication system, the entire solution synchronizes clinical activities and provides for improved collaboration among clinical team members.

“Carrot Medical’s technology is the way of the future when it comes to information integration for top-tier facilities like ours. It provides greater access to information, improving our efficiency while providing the highest quality resolution and adaptive visualization,” said Larry Epstein, M.D., Chief, Arrhythmia Service at Brigham and Women’s Hospital and Chief Medical Officer for Carrot Medical. “While many medical companies have focused on the traditional integration of data with PACS and HIS, Carrot’s pioneering technology includes the integration of live visual information, making real-time patient information more accessible to clinicians during critical healthcare procedures.”

The system also facilitates remote educational instruction by transmitting real time audio and visual information in a single, synchronized file and, allows instant access to archived, synchronized multi-image recording and playback.

“These hospitals are on the cutting edge when it comes to realizing the benefits of technology in optimizing performance, control and precision and we are providing them with the most advanced, customizable solution in the information integration arena,” said Ward Sparacio, CEO of Carrot Medical. “As hospitals experience a continued increase in volume, Carrot’s technology, will support the industry’s requirement for improved workflow and safe and efficient use of clinical space.”

The company currently has a number of installations pending, according to Sparacio. The three main markets for the Carrot system are currently electrophysiology, interventional radiology and interventional cardiology. Products to support applications throughout other clinical specialties are
under development.