Carrot Medical Reports 2010 Growth in Sales and Financing, Optimism for 2011

BOSTON, Feb. 3, 2011 /PRNewswire/ -- Carrot Medical, a leading designer of integrated medical imaging display systems, has announced results for 2010. During the year, Carrot Medical achieved significant growth in sales, an expansion of sales channels and secured additional private financing.

Carrot Medical, recognized as a market leader, is the manufacturer of C-View, an Information Technology solution that integrates medical images and other visual data onto a single, ultra-high-definition display. Carrot Medical also offers, C-Com, a communication system that allows greater collaboration among clinical team members, while reducing noise and distraction during procedures.  Both systems have been purchased by leading healthcare institutions for use within cardiovascular interventional suites throughout the USA.

Carrot Medical's success in 2010 includes sales growth exceeding 100 percent over the prior year. This represents the third consecutive year that Carrot Medical has achieved this level of growth. New sales included orders for more than 50 of Carrot Medical's C-View and C-Com systems, representing an expanded geographic installed-base across all regions of the country.

"We are thrilled, considering economic challenges and limited healthcare budgets, that clinicians and administrators continued to recognize Carrot Medical's technology as a valuable investment in the optimization of clinical delivery processes," said Ward Sparacio, CEO of Carrot Medical.

Jeremy Wiggins, Carrot Medical's Vice President of Product Development and Strategic Marketing stated; "The combination of new investment capital, along with our growing sales trajectory, will afford Carrot the opportunity to execute an aggressive strategy for new-market expansion and R&D activities in 2011."

In 2010, Carrot Medical achieved compliance with ISO 13485, demonstrating the highest standards of quality management systems for medical devices and giving the company better maneuverability in international markets, particularly within the European Union. Carrot Medical also initiated a global marketing and sales partnership with MAVIG GmbH, a Munich-based manufacturer of medical imaging monitor suspension systems.

"Carrot Medical is poised to break into global markets with the same vigor with which it has grown domestically," Sparacio stated. "We're looking forward to expanding our customer base and bringing the best medical imaging workflow tools to clinicians around the world in 2011."

About Carrot Medical

Carrot Medical has offices in Boston, MA and Bothell, WA. For more information, visit: www.carrotmedical.com.

SOURCE Carrot Medical