AliveCor and ILLIES Announce New Distribution Agreement in Hong Kong and Macau

Nov 12, 2015, 08:30 ET from AliveCor, Inc.

SAN FRANCISCO, Nov. 12, 2015 /PRNewswire/ -- AliveCor, Inc., the leader in FDA-cleared ECG technology for smartphones, and C. ILLIES & CO., a leading distribution partner for technology innovators in Asia since 1859, announced today a new distribution agreement in Hong Kong and Macau. This deal is the first step of AliveCor to enable millions of people in East Asia to monitor and manage their own heart health with the AliveCor Mobile ECG.

"As the prevalence of cardiovascular diseases grows, the need for easy to use heart monitoring is vital in detecting serious heart conditions before potentially life threating conditions, like stroke occur. We are excited to be on the forefront of medical innovation and bring the AliveCor Mobile ECG to Hong Kong and Macau," said Michael Illies, President and Chief Executive Officer of the ILLIES Group.

The incidence of atrial fibrillation (AFib) continues to grow with the ageing population, and according to global research, one in every five people aged 65 years and above will develop AFib in their lifetime. One major problem with AFib is that it is often asymptomatic, and as a result many patients are not diagnosed until a cardiac event occurs. Additionally, the financial burden placed on countries in the Asia-Pacific region by stroke is believed to be immense. The direct medical cost for stroke in China was calculated to be in the billions.

"We are currently conducting a large scale screening study using the AliveCor Mobile ECG in an effort to identify AFib in an out-patient setting. We have learned first hand the benefits it can bring to patients and healthcare providers in identifying asymptomatic AFib, which is under-diagnosed and therefore under-treated in Hong Kong. Patients in Hong Kong can now use the AliveCor Mobile ECG, anytime and anywhere to capture their heart rhythm and work with their care provider to determine a diagnosis or to manage a diagnosed condition," said cardiologist, Associate Professor Bryan Yan, Department of Medicine and Therapeutics at The Chinese University of Hong Kong.

"This is an important step for us as we continue to advance our mission and vision of empowering patients to take control of their heart health around the world. Placing innovative tools into the hands of patients and care providers can potentially save lives and reduce healthcare costs," said Vic Gundotra, chief executive officer of AliveCor.

The AliveCor® Mobile ECG is intended to record, store and transfer single-channel ECG rhythms. The AliveCor Mobile ECG also displays ECG rhythms and detects the presence of atrial fibrillation and normal sinus rhythm (when prescribed or used under the care of a physician). The AliveCor Mobile ECG is intended for use by healthcare professionals, patients with known or suspected heart conditions and health conscious individuals. The device has not been tested for and it is not intended for pediatric use. The AliveCor Mobile ECG is compatible with all iOS and most Android OS mobile devices. With secure storage in the cloud, users have the ability to access their data confidentially anytime, anywhere.

For more information on where to buy your AliveCor Mobile ECG in Hong Kong please visit www.alivecor.hk.

About AliveCor, Inc.

AliveCor Inc. is a global innovator in mobile technology for heart health. AliveCor works with health systems to help identify patients with undiagnosed heart conditions before potentially life-threatening conditions, like stroke, can occur. AliveCor helps diagnosed patients work with their physician to monitor, track and manage their condition in new ways. AliveCor is a privately-held company headquartered in San Francisco, Calif. For more information, please visit www.alivecor.com.

About Illies

C. ILLIES & CO. helps innovative technology firms to grow their business in Asia, by providing access to local customers, expertise, and infrastructure. Since 1859, ILLIES largely contributed to the development of Germany´s Far East trade. Over five generations of the Illies family the firm has grown from a pioneer in the Japan trade to a solution provider operating across Asia. Today, the company owns and operates 18 sales and service offices in 9 countries and handles all operations required to serve its Asian markets: from product registration, marketing, sales, distribution and logistics, to after-sales services. For more information on ILLIES' healthcare business division, please visit www.illies-healthcare.com.

AliveCor is a trademark of AliveCor, Inc., registered in the U.S. and other countries

Media Contact:
Rebecca Phillips
+1 (415) 795-9807
rebecca@alivecor.com

Photo - http://photos.prnewswire.com/prnh/20151110/286074

 

SOURCE AliveCor, Inc.



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