Frost & Sullivan Honors Codonics for Enhancing Patient Safety and Accuracy of Medication Management with the Safe Label System (SLS)

– SLS’s elegant design and integration of hardware and software elements provide a best practice approach to safe medication management with unprecedented benefits to clinicians, administrators, and pharmacists

MOUNTAIN VIEW, Calif., Nov. 20, 2014 /PRNewswire/ — Based on its recent analysis of the medication management solutions market, Frost & Sullivan recognizes Codonics with the 2014 North America Frost & Sullivan Award for Customer Value Leadership. Codonics’ Safe Label System (SLS) is an advanced, point-of-care deployable medication management device that consolidates all the best practices of pharmacies and hospitals. SLS’s easy-to-use design, functionality and workflow provide healthcare professionals with a “practice natural” means to reduce medication errors and, ultimately, improve safety and quality while enhancing focus on the patient.

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SLS enhances identification, mixing, single-dose preparation, and “smart” batch labeling to ensure efficiency with the same effectiveness, safety, and consistency as established procedures. Compliant, “smart” color labels assure that each medication is complete with 1D and 2D barcodes for barcode-enabled, point-of-care technology (BPOC) or barcode medication administration (BCMA) pre-use and delivery processing.

“In the clinical use of SLS, end users report 20-30 percent improvement in efficiency, 95 percent reduction in errors, increases in compliance, and cost avoidance by eliminating pre-filled and prepped but not used medications,” said Frost & Sullivan Research Analyst Swathi Allada.

SLS can be easily integrated with the existing healthcare workflow, including operating rooms, intensive care units (ICUs), post-anesthesia care unit (PACU), patient floors, and pharmacy. This unique system comprises two main elements:

  • The SLS Administration Tool (AT), a management software that allows pharmacists and medical staff to create and control a drug formulary embodying site-specific rules for use without their physical presence at the point-of-preparation, and
  • The SLS 500i Point of Care Station (PCS), which aids clinicians by providing multiple medication safety checks while increasing productivity and assuring compliance to professional organization guidance and Joint Commission standards.

Codonics employs innovative means of producing appealing, easy-to-use, precision medical devices at or below the target production cost, which has been one of the prominent aspects of the Codonics best-practice approach to medical device design. It has not only recognized the greatest needs of the medication management market, but also targeted several key customer channels to truly capitalize on the significant market opportunity.

With the development of the SLS PCS and associated AT, Codonics entered the realm of patient safety-oriented systems and expanded into the areas of anesthesia, operating room, ICU, patient floors, and pharmacy. Even in countries where specific standards or governmental oversight does not yet exist, Codonics SLS PCS is quickly becoming a standard of care worldwide, offering the best practice approach to improved medication safety.

In a truly first-of-a-kind approach, the company provides innovative design and integration that improves medication preparation, consistency, and safety by consolidating preparation confirmations. Safe Label System features include approved standard and non-standard concentrations, dilutions, and total dose/total volume configurations carried through to a compliant, “smart” medication label. These outstanding features make SLS a first-of-its-class medical device (Class 2), as reviewed and approved by the Food and Drug Administration.

“Codonics’ openness to OEM needs, discussions with international channels, and focus on gathering inputs from healthcare professionals are strategic to the development of its unique and highly satisfying products,” noted Allada. “Innovation at Codonics is iterative; the company has a feedback mechanism in place for its end users, at the beginning and also at every step of product development, to address customer needs that remained unmet by other competing products.”

Codonics is a highly intranet-centric company, where specialized “localized” order entry and accounting management systems have been developed for operations in the U.S., China, Portugal, and Japan. Sales and technical support management create and manage prospect pipelines and end-user feedback through online systems to ensure the timely processing of customer queries.

Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in implementing strategies that proactively create value for its customers with a focus on improving the return on the investment that customers make in its services or products. The award recognizes the company’s exceptional focus on enhancing the value that its customers receive, beyond simply good customer service, leading to improved customer retention and, ultimately, customer base expansion.

Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.

About Codonics

Codonics is a global business, providing healthcare with some of the most advanced medical imaging and patient safety products in the world from our headquarters in Cleveland, Ohio. Since 1982, Codonics has experienced exciting growth and award-winning achievements. Today, we are represented in 110 countries with more than 30,000 product installations in renowned, cutting-edge medical facilities throughout the world. Codonics has always looked for what has yet to come, believing that consistent dedication to advancing healthcare could transcend other ordinary solutions and conventional boundaries. Our commitment to provide innovative products and market-leading solutions is changing the face of healthcare. We are passionate about engineering products that improve medication safety so significantly they are recognized as a standard of care throughout the world. Codonics has been highly recognized for product innovation and exporting excellence with these prestigious honors: MDEA, Frost & Sullivan, Healthcare Heroes, NorTech, Stevie’s International Business, IBN Global Business Leadership, Commercial News USA, the Governor’s E-Award, and by the White House with the President’s E-Award.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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Contact:

Mireya Espinoza
P: 210. 247.3870
F: 210.348.1003
E: mireya.espinoza@frost.com

GMAP Evaluate China Growth Potential for VF Corporation

SHANGHAI, Nov. 18, 2014 /PRNewswire/ — VF Corporation (VF) is the latest global apparel brand in China to source market expertise and insight provided by GMAP Shanghai, part of Callcredit Information Group.

VF, a global leader in branded lifestyle apparel, has currently over 30 brands under their umbrella sold in more than 150 countries worldwide. As popularity increases for casual fashion and outdoor apparel, the company continues to see China as a key focus area for growth. As part of their global expansion strategy, GMAP was chosen to help quantify the size of growth potential for specific sub-brands in the Chinese market.

Headquartered in Leeds, UK, GMAP has over 25 years’ experience helping global organisations with retail network planning. With a strong existing client base in Asia Pacific, GMAP helps retailers identify target customers and develop optimal location strategies for store networks and expansion. GMAP Shanghai combines our global modelling expertise with a local team of analysts to help both international and domestic clients in China.

GMAP already has extensive data coverage in over 100 Chinese cities, and growing, including comprehensive mapping of both current and future retail locations. Using advanced geographic modelling tools, GMAP combines market demand and supply factors in order to help retailers identify target customers and develop optimal strategies for location planning.

Kirk Xu from VF said, “It was refreshing to work with a company with such a can-do attitude and who could deliver results that we could understand and act upon. In a market where data is sometimes difficult to obtain, we were impressed with GMAP’s resourcefulness and their analytical capability.”

Luke Whittam, GMAP’s Asia Pacific Director, added, “There are many opportunities for retail expansion in China in the major urban areas as well as in the lower tier cities. The retail landscape is changing rapidly everywhere, so it is essential to have the well defined approach to data assembly and analysis that we have developed over the last few years.”

About Callcredit Information Grouphttp://www.callcredit.co.uk

Callcredit Information Group‘s leading approach to deploying consumer information brings together experts across the fields of credit referencing, marketing services, interactive solutions and consultative analytics to provide clients with a range of innovative and effective products to discover new customers and to engage with current customers to optimise and increase profitability.

Products include award-winning fraud verification tools and database solutions to positively verify consumers, global operations to help expand businesses into new markets, digital solutions to improve the overall journey consumers make during interaction with a brand, customer handling to ensure consumer satisfaction at all levels and consumer marketing data and segmentation to improve understanding and targeting of customers and prospects.

Callcredit also offers products to assess a customer’s credit risk and affordability and its experts in collections and recoveries provide tailored debt recovery and tracing tools. The company’s market analysis and network planning function helps organisations develop profitable retail networks, and its tools in multi bureau, analytics and metrics work to provide fully assessed bureau data.

Logo – http://photos.prnasia.com/prnh/20141118/0861408647

New Wearable Technologies Conference in Taipei Helps Manufacturers Build Regulatory Knowledge Foundation

TAIPEI, Sept. 17, 2014 /PRNewswire/ — UL (Underwriters Laboratories), a global safety science leader, announced today it will host a conference on Wearable Technologies featuring product testing and certification in Taipei, as a side event of The 13th WTconference 2014 | Asia in Taipei, Taiwan.

Wearable products are rapidly developing into an industry that will impact people’s daily lives from consumer electronics to medical devices. While this advancing technology may lead to smarter ways of living, Wearable Technologies (WT) product designers and manufacturers cannot afford to neglect safety testing, regulatory compliance and performance verification.

According to the UL’s The Product Mindset 2013, 92% of the surveyed manufacturers and 73% of the surveyed consumers agree that product safety is a priority that is becoming more important.  However, 58% of the consumers believe that manufacturers need to improve product safety.

“When new technology arises, manufacturers tend to focus on the development of their product’s unique features as well as amazing user-friendly interfaces. However, product safety and performance concerns should also be addressed during the production stage,” said Barry Yu, General Manager for Greater China, Consumer Technology Division, UL.

“By going through a comprehensive testing and certification process with a widely recognized third party conformity assessment organization, manufacturers can anticipate risks in many areas and mitigate them well in advance of product launch. In addition, the compliance proof will be the most influential marketing tool to gain consumer confidence,” Yu added.

Backed by over 120 years of expertise in safety science, UL’s laboratories have been well-recognized by many global regulatory organizations in the fields of product safety, wireless interoperability, energy efficiency, biocompatibility and medical regulatory requirements including IEEE/ IECEE, American National Standards Institute (ANSI), FCC, Wi-Fi Alliance, Bluetooth SIG, Apple MFi, A2LA, CTIA, Qi/PMA/A4WP Wireless Power Charging Certification, Qualcomm® Quick ChargeTM 2.0, ENERGY STAR®, The California Energy Commission (CEC), UKAS, SCC, FDA, national/regional regulatory bodies in Japan, Taiwan, India, Singapore and many others.

To assist technology innovators to understand more about testing and certification options for them, UL is organizing a conference titled “WHAT YOU NEED TO KNOW ABOUT TESTING & CERTIFICATION” on October 9, 2014. In the conference, UL experts will provide valuable insights and information to help WT manufacturers build a regulatory knowledge foundation that can accelerate the successful deployment of wearable technology devices such as smart watches, smart glasses and all types of wearable sensors to the marketplace. By nature, wearable technology is a diverse and rapidly expanding market. Therefore, UL’s extensive safety science knowledge and testing experience in all of the sectors that wearable technology is being developed is crucial for the industry. It helps manufacturers launch safer products and thus protect the rights of end users.

Christian Stammel, CEO and Founder, Wearable Technologies AG will also be joining UL conference as a keynote speaker.

“I am proud to join this industry event which is complementing our Wearable Technologies Conference on October 8 perfectly. Certification is a crucial topic for everyone building tech that is worn close to the body. Both conference days are a must-attend for everyone interested in wearable tech,” said Stammel.

Apart from being a side event of the 13th WTconference 2014 | Asia, this conference in Taipei will be taking place in line with the 40th International Electronics Show – TAITRONICS.

For details, visit UL’s Web site on http://industries.ul.com/events/ul-conference-wearable-technologies-taipei/.

Remarks:

The Product Mindset 2013*” — UL’s annual study to better understand manufacturer and consumer concerns and priorities about the products they make, sell, buy and use. For details, visit http://productmindset.ul.com/.

About UL

UL is a premier global independent safety science company that has championed progress for 120 years. Its more than 10,000 professionals are guided by the UL mission to promote safe working and living environments for all people. UL uses research and standards to continually advance and meet ever-evolving safety needs. We partner with businesses, manufacturers, trade associations and international regulatory authorities to bring solutions to a more complex global supply chain. For more information about our certification, testing, inspection, advisory and education services, visit http://www.UL.com.

BBC Selects Mindtree for Digital Testing Services

BANGALORE, India and LONDON, Aug. 12, 2014 /PRNewswire/ —

– Multi-year, multi-million contract awarded as part of the BBC digital services framework initiative

Mindtree, a global information technology services company, announced that it has been selected by BBC to test a range of its digital products.

(Logo: http://photos.prnewswire.com/prnh/20140416/681203)

As part of this non-exclusive engagement, Mindtree will deliver and support testing of digital products and applications. Digital products include applications and websites that run on a wide variety of digital and broadcast platforms. Some of them are desktop computers, mobile devices, cloud, integrated digital TV, internet protocol TV, terrestrial, cable, satellite TV and the web.

Mindtree testing services will include functional, non-functional, test management, exploratory, automation and load testing. BBC selected Mindtree for its testing capabilities, test tools expertise and the ability to effectively deliver the engagement.

Ramesh Menon, Senior Vice President and Head of Technology & Media, Mindtree said, “We are excited to be part of the BBC digital services framework. Millions of citizens globally benefit from BBC and we hope to enrich their experience with our superior digital testing capabilities.”

Richard Smith, Head of Market Engagement, BBC covers the program details on digital services framework at his blog.

About Mindtree 

Mindtree [NSE: MINDTREE; CIN: L72200KA1999PLC025564] delivers technology services and accelerates growth for Global 1000 companies by solving complex business challenges with breakthrough technical innovations. Mindtree specializes in e-commerce, mobility, cloud enablement, digital transformation, business intelligence, data analytics, testing, infrastructure, EAI and ERP solutions. We are among the fastest growing technology firms globally with more than 200 clients and offices in 14 countries.

Visit us at http://www.mindtree.com.

For more information, contact:

Sweta Mohanty
Mindtree
+91-98865-20141
Sweta_Mohanty@mindtree.com

Kiran Farooque
PPR Worldwide
+44(0)207-300-6181
Kiran.Farooque@pprww.com

Siddhartha Tanti
Genesis Burson-Marsteller
+91-99863-62435
Siddhartha.Tanti@bm.com

Pamela Fieldhouse
PPR Worldwide
+44(0)207-300-6181
Kiran.Farooque@pprww.com

David Barkoe
Max Borges Agency
+1-305-374-4404 x167
davidbarkoe@maxborgesagency.com

Mindtree Limited, Global Village, RVCE Post, Mysore Road, Bangalore-560059; CIN: L72200KA1999PLC025564; Phone: +91-80-6706-4000; Fax: +91-80-6706-4100; E-mail: info@mindtree.com / investors@mindtree.com; Website: http://www.mindtree.com

Frost & Sullivan: Demand for Accurate, Lightweight Test and Measurement Sensors Set to Increase

LONDON, Aug. 4, 2014 /PRNewswire/ — Test and measurement is a prerequisite for constant innovation and improvement in the development and manufacturing space. In turn, monitoring various operating conditions such as acceleration, pressure, temperature, magnetic field and frequency range while performing test and measurement tasks automatically necessitates a variety of sensors. As innovations in testing methods gather pace, the development of sensors used in test and measurement applications too will pick up.

New analysis from Frost & Sullivan, Sensors in Test and Measurement, finds that the market earned revenues of $1.10 billion in 2013 and estimates this to reach $1.53 billion in 2020. The aerospace and defence as well as automotive industries will generate the maximum revenue due to the large number of applications involved, and the high cost of sensors used. Meanwhile, the installation of wind turbines, owing to the intensifying focus on renewable energy, will present opportunities for sensors in testing wind turbines. Product testing in consumer electronics is another avenue that promises high growth.

“As product design and development become more complex, the need for highly accurate, sophisticated sensors for test and measurement applications will increase,” said Frost & Sullivan Measurement and Instrumentation Senior Industry Analyst Sankara Narayanan. “The shift to smaller, lighter structures will also drive the demand for smaller, lighter electronic components, including sensors.”

However, innovations in core sensor technologies have not kept pace with developments in other areas such as instrumentation and sensor packaging. To expand market scope, proven experience of having met the requirements of demanding test and measurement end markets will be critical. Further, easy-to-use, dedicated sensor solutions that provide state-of-the-art measurement and monitoring will be mandatory irrespective of the end market.

It is important for sensor manufacturers to offer a wide configuration of sensors to support multiple applications. Maturing into a one-stop shop by supplying test equipment and associated software along with sensors will help vendors appeal to a larger consumer base.

“Moreover, sensors used in test and measurement are put to extreme working conditions involving high temperature and pressure,” noted Sankara Narayanan. “Therefore, manufacturers must be able to deliver both on-site and local technical, repair and calibration services to stamp their authority in the global market.”

If you are interested in more information on this study, please send an e-mail to Julia Nikishkina, Corporate Communications, at julia.nikishkina@frost.com.

Sensors in Test and Measurement is part of the Sensors & Instrumentation (http://www.sensors.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Sensors Market in Shale Gas Industry, Global Wireless Sensor Networks Market, Sensor Market in the Global Aerospace Industry, and World Optical and Image Sensors Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion

Join Us: Join our community

Subscribe: Newsletter on “the next big thing”

Register: Gain access to visionary innovation

Sensors in Test and Measurement
MA27-32

Contact:
Julia Nikishkina
Corporate Communications  Europe
P: +7 (499) 213 0156
E: julia.nikishkina@frost.com
LinkedIn: Future of Measurement and Instrumentation
Twitter: @FS_Automation

http://www.frost.com

GfK Wins Morocco Tender for Electronic TV Audience Measurement and Extends Radio Audience Measurement Contract in Switzerland

NUREMBERG, Germany, July 23, 2014 /PRNewswire/ — GfK has won a tender with Morocco’s joint industry committee, CIAUMED, to deliver an electronic TV audience measurement (TAM) service in Morocco. Morocco is well known in the MEA region for its expertise in TAM and is the first country in North Africa, and the second in the whole continent, to operate an electronic TAM system. On top of this, GfK has also been awarded a 3-year extension on its current radio audience measure (RAM) contract in Switzerland.  

GfK has been commissioned by CIAUMED, the joint industry committee representing the TV stations, agencies and advertisers of Morocco, to deliver a new electronic television audience measurement service. The state-of-the-art system employs GfK’s universal metering system, TV Loggers, which gave outstanding performance in the field test that formed an integral part of the tender process in Morocco and is being successfully used in Lebanon.

Mr Reda Taleb, President of CIAUMED explains: “After a thorough and professional selection process, our JIC has selected GfK to operate TV audience measurement, according to the highest international standards. This project has immense value for Morocco, providing the very latest techniques and cutting-edge technology for measurement of TV consumption. This will deliver significant benefits for our media industry in terms of fast, accurate and highly reliable data and market insights.”

Stefan Raum, global head of GfK’s Audience Measurement and Insights division, comments: “We are proud to bring our global experience in audience measurement to Morocco and to introduce our innovative electronic solutions and high-tech client software in this dynamic country. We will work in close cooperation with CIAUMED gradually to introduce new features, while respecting existing conventions in the market. Our success in winning the Morocco tender further strengthens GfK’s position as becoming the leading television ratings provider in the Arab world.”

In Switzerland, Mediapulse AG (a subsidiary of Mediapulse Foundation) has also signed up GfK for a further 3 years, to measure the official national statistics on radio consumption up until 2016. Switzerland is a forerunner in Europe in having electronic radio audience measurement. GfK has been providing radio audience measurement services in Switzerland since 2001. The new contract is a prolongation of the contract signed in 2009, and sees GfK monitoring 1,012 individuals daily, via its Mediawatch service, based on a panel of 26,312 individuals who are rotated through the daily monitoring.

GfK is a major provider of audience measurement services globally, with over 40 years of experience in this highly specialized area. GfK currently delivers TV rating services in Austria, Belgium, Germany, Lebanon, the Netherlands and Portugal and has also recently signed major contracts in Brazil and the Kingdom of Saudi Arabia. For radio audience measurement, GfK currently operates in several countries, including Australia, Austria, Switzerland, Ukraine, Romania, Belgium and the Netherlands.

For more information, please visit http://www.GfK.com or follow GfK on Twitter: https://twitter.com/GfK_en

Contact:
Jan Saeger
GfK Corporate Communications
T +49-911-395-4087
jan.saeger@gfk.com