FREMONT, CA -- (Marketwire) -- 10/10/08 -- Cardima, Inc. (OTCBB: CADM), has established a
new strategic surgical relationship and renewed the electrophysiology sales
and marketing contract with Biocore, a U.S. Eastern regional sales agent
specializing in sales and customer training and support for Cardiac
Devices. Biocore's staff will be directly supporting both surgical and
cardiac cath lab procedures, as well as assisting cardiac surgeons and
electrophysiologists with Cardima's solutions for patient care. This
relationship will strengthen Cardima's Surgical Program commercial launch
in the U.S.A. by leveraging the existing relationships Biocore has with
physicians and hospitals in the eastern United States.
In commenting on this partnership, Cardima's CEO, Robert Cheney, stated,
"Biocore has over 20 years of experience in this field and complementary
relationships with our key surgical customers. With Biocore's experience
in the ablation and diagnostic markets, they will strengthen Cardima's
market presence in the eastern United States. Their track record for
providing customer support and sales growth makes Biocore an ideal partner
to represent and support Cardima's EP and surgical products."
Timothy Lockner, President of Biocore, has represented companies such as
St. Jude Medical, Medtronic, ATS Medical, EP MedSystems, Gish Biomedical,
Maquet, CHF Solutions, Cas Medical Systems, and Peters/DC. He has
extensive sales management experience and has built a successful business
as an independent sales agent. In commenting about the extension of this
contract, Mr. Lockner stated, "Cardima has diagnostic products that have
withstood the test of time and continue to play an important role in
advanced EP procedures. We now look forward to building the surgical
market, in particular the minimally invasive stand alone AF procedure, for
Cardima's superior Surgical Ablation System. In addition to the stand
alone market, Cardima's Surgical Ablation System offers significant
advantages in the 'open chest' concomitant market and we will aggressively
enter this existing market as well."
About Cardima
Cardima, Inc. has developed the PATHFINDER®, TRACER(TM) and REVELATION®
Series of diagnostic catheters, the VUEPORT® and NAVIPORT® Series of
guiding catheters, the INTELLITEMP® Energy Management Device, and the
Surgical Ablation System (SAS). All of these devices are CE marked and
received U.S. FDA 510(k) clearance. The REVELATION® Series of ablation
catheters with the INTELLITEMP® EP Energy Management Device was developed
and marketed for the treatment of atrial fibrillation (AF) after receiving
CE mark approval in Europe; it is not currently available in the U.S.
PATHFINDER®, TRACER(TM), VUEPORT®, NAVIPORT®, REVELATION® and
INTELLITEMP® are registered trademarks of Cardima, Inc.
For more information, please visit the Company's website at
www.cardima.com.
Forward-Looking Statements
This press release may contain forward-looking statements. These statements
are subject to risks and uncertainties. Investors are referred to the full
discussion of risks and uncertainties associated with forward-looking
statements as contained in our reports to the Securities and Exchange
Commission, including our Forms 10-K and 10-Q. The Company assumes no
obligation to update the forward-looking information.
Contact:
Dr. Richard Gaston
Cardima, Inc.
(510) 354-0300
http://www.Cardima.com