QRS Diagnostic Named One of Fastest Growing Technology Companies -- MEDICA - World Forum for Medicine


QRS Diagnostic, LLC

QRS Diagnostic Named One of Fastest Growing Technology Companies

MINNEAPOLIS – October 1, 2004 – QRS Diagnostic, leader in innovative design and development of software-based medical devices in computer cards, announced today that it ranks 26th in Deloitte’s prestigious Technology Fast 50 Program for Minnesota, a ranking of the fifty fastest growing technology companies in the area by Deloitte & Touche LLP, one of the nation’s leading professional services firms. Rankings are based on percentage growth in fiscal year revenues over five years, from 1999 to 2003. QRS grew its revenues by 233 percent to attain its ranking.

“This is the second consecutive year that we’ve made the Fast 50 list,” said Spencer Lien, chief executive officer, QRS. “Integration of our computer card medical device technology with electronic medical record systems and other enterprise health care IT systems has opened new opportunities for business partnerships. And with our U.S. and international patents, QRS continues to grow our distribution channels and expand sales in Europe, Australia and Japan.”

“To make the Deloitte Technology Fast 50, companies in Minnesota must have achieved tremendous revenue growth from 1999 to 2003,” said Ron Hafner, partner, Deloitte & Touche LLP. “Deloitte applauds QRS Diagnostic for having the long-term vision to develop technology that delivers on its promise.”

To qualify for the Minnesota Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1999 and $1,000,000 in 2003, must be public or private companies headquartered in Minnesota, and be a “technology company” defined as owning proprietary technology that contributes to a significant portion of the company’s operating revenues (using other companies’ technology in a unique way does not qualify); and/or devoting a significant proportion of revenues to research and development of technology.

Winners of the 18 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology companies. For more information on the Deloitte Technology Fast 50 or Fast 500 programs, visit www.fast500.com.

About Deloitte

Deloitte, one of the nation’s leading professional services firms, provides audit, tax, financial advisory services and consulting through nearly 30,000 people in more than 80 U.S. cities. Known as an employer of choice for innovative human resources programs, the firm is dedicated to helping its clients and its people excel. “Deloitte” refers to the associated partnerships of Deloitte & Touche USA LLP (Deloitte & Touche LLP and Deloitte Consulting LLP) and subsidiaries. Deloitte is the US member firm of Deloitte Touche Tohmatsu. For more information, please visit Deloitte’s web site at www.deloitte.com/us.

Deloitte Touche Tohmatsu is an organization of member firms devoted to excellence in providing professional services and advice. We are focused on client service through a global strategy executed locally in nearly 150 countries. With access to the deep intellectual capital of 120,000 people worldwide, our member firms, including their affiliates, deliver services in four professional areas: audit, tax, financial advisory services and consulting. Our member firms serve more than one-half of the world’s largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global growth companies.

Deloitte Touche Tohmatsu is a Swiss Verein (association), and, as such, neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte”, “Deloitte & Touche”, “Deloitte Touche Tohmatsu” or other related names. The services described herein are provided by the member firms and not by the Deloitte Touche Tohmatsu Verein. For regulatory and other reasons certain member firms do not provide services in all four professional areas listed above.

About QRS Diagnostic

Founded in 1994, QRS Diagnostic, Plymouth, Minn., uses innovative software technology to design and develop FDA-approved medical devices that simplify and reduce the costs of diagnostic testing and patient monitoring. With our patented computer card technology platform, QRS turns PDAs, laptops and handheld PCs into modular, upgradeable and portable medical devices and streamlines the collection and communication of precise physiological data. We enable primary care physicians to cost-effectively practice high-tech medicine while delivering the accuracy that specialists and hospitals demand. The affordability, durability and mobility of QRS devices also advance patient monitoring for home health care, disease management, and personal health management. For more information on QRS, please visit www.QRSdiagnostic.com.