SolMed Core Product Line
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Hospital
emergency generator adaptor units for solar panel hookups.
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Surgical
suite operating lights with remote solar panel feeds (for field
hospitals).
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New and
replacement solar panels for surgical suite lighting unit.
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Surgeon's light-beam headband with solar power from surgical suite
lights.
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Replacement solar cells for surgeon's light-beam headband.
Product Development /
Research & Development Focus
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Photovoltaic Batteries –
Smaller device form factor, more energy and longer photovoltaic
battery life
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Solar Panels – larger
storage capacity, more durable solar arrays/panels
Product
conversion of small device product lines obtained from Welch Allyn which
utilized conventional power sources will speed development of high
growth photovoltaic products.
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Monitor/Defibrillator Devices - The PIC Systems are part of SolMed’s
complete resuscitation solution - including early defibrillation,
basic emergency devices, multi-parameter monitors, and patient
management systems - capturing critical data at every level of care.
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Automated External Defibrillators - Automated External Defibrillators
(AEDs) are part of SolMed's complete resuscitation solution -
including early defibrillation, basic emergency devices,
multi-parameter monitors, and patient management systems - capturing
critical data at every level of care.
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Spot-Check Devices - From the innovative and customizable Spot Vital
Signs® LXi to the affordable Spot Vital Signs, SolMed spot-check
devices make vital signs measurement fast, easy, and accurate. And
with a range of configurations and mounting options, you can choose
the device and parameters that best meet your unique needs.
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Multi-Channel Electrocardiographs - Introducing a new family of
multichannel electrocardiographs that are flexible enough to work in
any setting. These reliable, easy to-use devices were designed using
proprietary SolMed technology to make taking ECGs a snap. With an
intuitive design and advanced software features, these EMR-ready
devices can help make your practice more efficient by allowing you to
quickly administer patient tests and manage patient information.
Product Strategy
During the spin-off a number
of important product lines from Welch Allyn and Danforth Manufacturing
Corporation were transferred to SolMed which now comprise the bulk of
SolMed products. SolMed is currently developing photovoltaic batteries
for several Welch Allyn products that will enable SolMed to begin
manufacturing defibrillators, spot-check devices and multi-channel
electrocardiographs with a smaller
device form factor
(a key market area identified from recent market surveys of leading
medical facilities). SolMed hopes that the technology and engineers they
inherited from DMC and Welch Allyn will enable a quick product
turnaround to offset the low initial investment that the two parent
companies made.
Market Outlook
Continued high growth in the
medical photovoltaic and solar panel/cells market continues at a rapid
pace as the medical industry looks to medical technology companies for
viable solutions to the high cost of conventional energy costs. In
particular the growth potential in solar panel technology and
photovoltaic batteries in the medical industry
Total Market Potential over
the next 5-7 years is $60 billion dollars.
SolMed’s
Competition
SolMed is committed to
helping the medical industry in their quest to solve the everyday
challenges faced by frontline healthcare providers by developing
innovative and energy efficient medical products.
Preliminary assessment of
SolMed’s competition in the solar panel and photovoltaic battery
industry indicate a large growth potential for SolMed if they can beat
the competition to market with a superior product line. SolMed is also
benefiting from a mature product line transfer from DMC which primarily
focused on large solar panel design and development and should provide
SolMed with much needed income during the crucial first few years for
the spin-off.
Company
officials at SolMed say their future lies in the design and development
of small form factor photovoltaic medical field devices; primarily
defibrillators, spot-check devices and multi-channel electrocardiographs
that industry experts have slated for high-growth potential over the
next 20 years. In order for SolMed to succeed in the this market segment
they must quickly develop the next generation of photovoltaic battery
technology.
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