The Frost & Sullivan_ Award For Coil, MRI Product Innovation

Online, March 13, 2011 (Newswire.com) - Frost & Sullivan, a leading global consulting and market research firm, has awarded Time Medical Systems its coveted ―2010 Asia Pacific Medical Imaging Product Innovation of the year award for successfully commercializing its breakthrough HTS technology and innovative MR systems.

The award is presented annually to a company that has demonstrated excellence in the development of new products and technologies within its industry. To receive it, recipients must show innovation by launching a broad line of emerging products and technologies.

"I'm honored to accept the Frost and Sullivan 2010 award for innovation in medical imaging", said Professor Q.Y. Ma, founder and CEO. ―This prestigious award represents an important milestone in the history and development of Time Medical and validates our leadership role in MRI technological innovation.

Each year, a professional analyst team tracks product innovation through ongoing market research, market interviews, and extensive secondary research to determine a deserving winner of the Frost & Sullivan award.

Time Medical, a relatively new player in the medical device industry, bested several large and established global medical device companies to win the 2010 award. Its innovative HTS technology garnered widespread applause as paradigm shifting while enhancing MR systems that are comparatively inexpensive, resulting in higher performance and setting new standards for industry players.

According to Professor Ma, recent reports indicate that in China, 80% of healthcare costs are incurred during the final month of treatment. In the U.S, the number is closer to 55%. Not surprising, the global healthcare trend today is shifting from a focus on treatment to one of prevention, with early diagnosis using effective and affordable medical devices considered the best solution to mitigating illness and reducing healthcare costs.

For further enquiries, please contact:
Tracy Kuok
Vice President, Corporate & External Affairs, Time Medical
[email protected] | Tel: +65 6776-7819