INRange Sytems, Inc. Selected as one of the North America’s Finest and Most Promising Tech Venture Companies
Red Herring 100 North American Award Granted to INRange Systems
Altoona, PA (May 18, 2009) – INRange Systems, Inc. (www.inrangesystems.com), the developer and supplier of EMMA®, the first and only FDA cleared device for Remote Medication Management, announced today that is has been named as one of the “2009 Red Herring 100 North American Award Winners,” a prestigious list honoring the year’s most promising private technology ventures in North America.
The Red Herring editorial team selects the most innovative companies from a pool of over 1,200 applicants. Applicants are judged on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries. INRange joins the ranks of previous Red Herring Award Winners including Yahoo, Google, Skype, Salesforce.com, and YouTube.
INRange’s EMMA® (Electronic Medication Management Assistant) system is rapidly becoming a standard of care for outpatient treatment. For a few dollars per day, the EMMA® system extends the reach of telemedicine and enhances the benefits of remote monitoring devices. The EMMA® system consists of a Medication Delivery Unit (MDU) utilizing wireless, two-way, web-based communications software that allows a physician, pharmacist or other licensed practitioner to remotely manage prescriptions stored and released by the patient-operated MDU.
This year, INRange plans to accelerate the adoption of its EMMA® system with US Military and Veterans’ Administration for the treatment of soldiers suffering from traumatic brain injuries, the Program for the All-inclusive Care for the Elderly (PACE) and for the treatment of Mental Health Patients by late summer. “It is a product whose time has come,” says Tony Pratt, Vice President of Sales & Marketing. “The management of medications in the outpatient setting is a national priority and EMMA® is consistent with President Obama’s Healthcare Initiatives. We are very excited about our prospects and expect strong growth in the 2nd half of 2009 and 2010.”
INRange was one of 200 finalists, selected from the more than 1200 applicants, invited to present at the Red Herring Conference in San Diego on May 12th and 13th. At the end of the Conference the Top 100 winners were announced.
“Being recognized by Red Herring as one of their Top 100 North American Companies for 2009 was quite surprising,” said Chris Bossi, President of INRange. “We are not located in Silicon Valley and we never expected to receive such a prestigious award. This award is a tribute to the staff at INRange and the vision of its founder, Dr. Mary Anne Papp.”
About Red Herring
Red Herring is a global media company uniting the world’s best high technology innovators, venture investors, and business decision-makers in a variety of forums: a leading innovation magazine; an online daily technology news service; technology newsletters, and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation ecosystem, featuring unparalleled insights on the emerging technologies driving the economy. For more information, visit www.redherring.com
About INRange Systems, Inc.
INRange Systems, Inc. is headquartered in Altoona, Pa. It commercialized its remote medication management technology, called EMMA®, in August of 2008. The technology can be wirelessly controlled by a pharmacist and enable patients to manage medications in a home setting. Because the technology has been cleared by the Food and Drug Administration, a patient is not required to have a medical professional present for medication disbursement. For more information visit www.inrangesystems.com.
For more information Contact:
Red Herring:
Yvonne Caprini
Telephone: (650) 428-2900 ext. 410
ycaprini@redherring.com
INRange Systems, Inc.
Christopher E. Bossi, President
115 Union Avenue
Altoona, PA 16602
Telephone: (814) 940-1870 ext. 302
cbossi@inrangesystems.com
www.inrangesystems.com