EP MedSystems Announces Joint Development Agreement

EP MedSystems and Royal Philips Electronics announced a multiplatform joint development agreement, as a part of the companies' broad strategy to provide the most technologically advanced products for the EP physician. Reinhard Schmidt, president and CEO of EP MedSystems, commented, "This joint development agreement with Philips Medical Systems, [a] provider of diagnostic ultrasound, radiographic and fluoroscopic equipment for cardiac catheterization suites, is the next step in providing expanded solutions to the EP physician."

Reuters (http://today.reuters.com/stocks/QuoteCompanyNewsArticle.aspx?view=PR&symbol=EPMD.O&storyID=101790%2B25-Apr-2005%2BBW)