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Press Release

Vuetek Scientific Signs Worldwide Distribution Agreement with Vascular Solutions for VEINSITE Imaging Device

Agreement targets vein practices in U.S., Canada, Mexico and 18 other countries. Patented, head-mounted vascular imaging device offers practitioners the first truly hands-free portable system for locating veins and peripheral vascular procedures.
GRAY, ME, July 17, 2012 /24-7PressRelease/ -- VueTek Scientific today announced that it has entered into an exclusive worldwide distribution agreement with Vascular Solutions, Inc. (Nasdaq: VASC) for VueTek's vascular imaging device, Veinsite. Under this agreement, which is limited to the vascular disease market, Vascular Solutions will distribute the Veinsite device to vein practices in the United States, Canada, Mexico and initially 18 other countries.
Veinsite is designed to make locating veins easier, which simplifies vein treatment procedures. Its proprietary technology allows Veinsite to display a high quality image of veins directly to the user. "There are a variety of vein illumination technologies on the market, but only Veinsite offers completely hands-free and portable operation, making it ideally suited for physicians performing such procedures as sclerotherapy and phlebectomy," said Howard Root, Chief Executive Officer of Vascular Solutions. "We are excited to add Veinsite to our list of solutions for the vein treatment market, and we think this product will allow us to leverage our existing presence in the vein clinics with such products as our Vari-Lase endovenous therapy system and our reprocessing service for the ClosureFAST catheter."
Bill Partridge, President of VueTek Scientific commented, "Veinsite provides superior vein imaging in a unique, patented, head mounted configuration, making it the only truly hands-free, portable device. This provides clinicians with valuable information to facilitate their standard clinical practice. We believe Veinsite , which has a demonstrated success in the hospital IV market, will be as impactful in the vein therapy market. We are delighted to be working with Vascular Solutions to bring our innovative imaging technology to their market segment."
About Vascular Solutions
Vascular Solutions, Inc. is an innovative medical device company that focuses on developing unique clinical solutions for coronary and peripheral vascular procedures. The company's product line consists of over 60 products in three categories: catheter products, hemostat products and vein products. Vascular Solutions delivers its products to interventional cardiologists, interventional radiologists, electrophysiologists, and vein specialists through its direct U.S. sales force and international independent distributor network.
VueTek Scientific, located in Gray Maine was founded in 2007 to develop and commercialize advanced imaging systems that address unmet clinical needs relating to vascular access. The company has developed a unique vein imager that is worn on the head to improve the viewing of superficial, subcutaneous vasculature. The device allows portable, hands-free imaging for vascular access, without changing standard clinical practices.
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