ARRHYTHMIA RESEARCH TECHNOLOGY INC

ARRHYTHMIA RESEARCH TECHNOLOGY INC

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Company Overview
Arrhythmia Research Technology, Inc. (ART) is a publicly traded company with active interests in the development of medical software, which acquires data and analyzes electrical impulses of the heart to detect and aid in the treatment of potentially lethal arrhythmias. It was founded in 1981 and has a registered head office in Fitchburg, Massachusetts.
ART is created to capitalize on the marketing of certain patents or licenses concerning the application of signal-averaged electrocardiography (SAECG) for the detection of cardiac late potentials. ART’s SAECG products are used by major research institutions, hospitals and clinics throughout the world. The majority of all scientific and medical literature written about SAECG used the ART 1200EPX and PREDICTORr product lines of signal-averaging systems. These systems and product lines have defined the industry and clinical standards for high resolution electrocardiography.
ART is dedicated to deliver state-of-the-art solutions for comprehensive cardiac care. Every ART product is a tangible result of its commitment to aid physicians and medical professionals in diagnosing and treating patients with heart disease. ART provides a range of high quality, innovative tools based on the very best technology available. Its Signal Averaging and Hemodynamics technology enable physicians to make significant strides in detecting and treating electrical and physical malfunctions of the heart. ART has extended the commitment to quality through MICRON Products, its subsidiary, which manufactures ECG silver/silver chloride-plated electrode sensor components.
Business Summary
Arrhythmia Research Technology, Inc. (ART) is engaged in the development of medical software, which analyzes electrical impulses of the heart to detect and aid in the treatment of potentially lethal arrhythmias. ART’s product consists of signal-averaging electrocardiographic (SAECG) software named the PREDICTOR series. Its SAECG product is used in a National Institutes for Health (NIH) funded investigation into Risk Stratification in MADIT II Type Patients. ART’s wholly owned subsidiary, Micron Products, Inc. (Micron) is a manufacturer and distributor of silver plated and non-silver plated conductive resin sensors (sensors) used in the manufacture of disposable integrated electrodes constituting a part of electrocardiographic diagnostic and monitoring instruments. Micron also acts as a distributor of metal snap fasteners, another component used in the manufacture of disposable electrodes. In June 2010, the Company purchased RMDDx Corporation, through its subsidiary, RMDDxUSA Corp.
Description and history
Arrhythmia Research Technology, Inc. (ART) is engaged in the development of medical software, which analyzes electrical impulses of the heart to detect and aid in the treatment of potentially lethal arrhythmias. ART’s product consists of signal-averaging electrocardiographic (SAECG) software named the PREDICTOR series. Its SAECG product is used in a National Institutes for Health (NIH) funded investigation into Risk Stratification in MADIT II Type Patients. ART’s wholly owned subsidiary, Micron Products, Inc. (Micron) is a manufacturer and distributor of silver plated and non-silver plated conductive resin sensors (sensors) used in the manufacture of disposable integrated electrodes constituting a part of electrocardiographic diagnostic and monitoring instruments. Micron also acts as a distributor of metal snap fasteners (snaps), another component used in the manufacture of disposable electrodes. In addition, Micron also manufactures and sells or leases assembly machines to its sensor and snap customers. In June 2010, the Company purchased RMDDx Corporation, through its subsidiary, RMDDxUSA Corp.

Micron provides silver/silver-chloride sensors to the medical device industry. Its customers manufacture monitoring and transmitting electrodes, which are utilized in a range of bio-feedback and bio-stimulation applications, including electrocardiograms (ECG’s), electroencephalograms (EEG’s), electro-muscular stimulation (EMS), and thermo-electrical neural stimulation (TENS). It also produces precision plastic products. Micron Integrated Technologies (MIT), a division of Micron is engaged in the production of metal and plastic components and assemblies for the medical and defense industries.

Sensors

Micron is a manufacturer and distributor of silver-plated and non-silver plated conductive resin sensors for use in the manufacture of disposable electrodes for ECG diagnostic, monitoring and related instrumentation. The type of sensor manufactured by Micron consists of a molded plastic substrate plated with a silver/silver chloride surface, which is a sensitive conductor of electrical signals. Silver/silver chloride-plated disposable electrodes are utilized in coronary care units, telemetry units, and for other monitoring purposes. In addition to the traditional ECG tests, disposable electrodes incorporating Micron’s sensors are used in connection with stress tests, holter monitoring, and event recorders.

Micron also manufactures sensors and conductive plastic studs used in the manufacture of radio translucent electrodes. The radio translucent conductive plastic studs are manufactured with engineered resin to enable electrical conductivity between the sensor and the recording instrument without the use of a metal snap. The radio translucent electrodes are virtually invisible to X-rays and are used in some medical environments, such as nuclear medicine, cardiac catheterization laboratories, and certain stress procedures. Micron also manufactures the mating conductive resin snaps, which replace traditional metal snap fasteners in the radio translucent applications. Other custom designed sensors are manufactured for applications in the EEG, EMG or TENS markets.

Snaps and Snap Machines

ART’s Metal snap fasteners are used as an attachment and conductive connection between the disposable electrode and the lead wires of an ECG machine. Micron purchases the metal snap fasteners for resale from multiple suppliers and performs additional quality assurance tests, repackages and stocks these snap fasteners for its customers who purchase the snaps in addition to Micron’s sensors. Certain manufacturers of disposable medical electrodes uses the Company’s attaching machines in the assembly of sensors and snaps into disposable electrodes.

Other Products and Services

The design, manufacture, and rehabilitation of injection molding tools for the customer is a part of the service package provided by the MIT division. The division also vertically integrates mold making and repair into the structure of Micron’s sensor and custom injection molding businesses. A climate controlled medical machining cell was built for the custom computer aided design and computer controlled metal machining of patient specific orthopedic medical device components. The manufacturing space includes a machine programming office with technology in computer programming for 5-axis machining with Computer Numerical Controlled (CNC) vertical milling machines and a 5-axis machining center. These products involve complex machining of wrought and cast cobalt-chromium-molybdenum alloy, as well as high molecular weight polymers into customized products.

Business Line
Active interests in the development of medical software, which acquires data and analyzes electrical impulses of the heart to detect and aid in the treatment of potentially lethal arrhythmias
Subsidiary
MICRON PRODUCTS INC.
Advisor
CARLIN, CHARRON & ROSEN LLP
IPO date
3/3/1992
US SIC Code
3845
Company Address
25, Sawyer Passway

City province or state postal code
01420, FITCHBURG, MA
Phone: +1 978 345 0181
Fax: +1 978 342 0168
Country address: UNITED STATES OF AMERICA
Website url: www.arthrt.com