First Shipments of MRI Compatible Patient Vital Signs Monitor

IRADIMED CORPORATION Announces First Shipments of Its MRI Compatible Patient Vital Signs Monitor

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IRADIMED CORPORATION Announces First Shipments of Its MRI Compatible Patient Vital Signs Monitor Winter Springs, Florida, January 3, 2017 – IRADIMED CORPORATION (NASDAQ:IRMD), today announced the first shipments of its MRI compatible patient vital signs monitoring system to international customers. “Shipments of the new 3880 MRI compatible patient vital signs monitor, while small in number of units, mark a milestone in the Company’s history. These first international shipments should be celebrated as the launch of this new device is representative of the Company’s innovation and growth potential,” said Roger Susi, President and Chief Executive Officer of the Company. “With these shipments, we transition away from being a single product company and begin to strengthen our customer relationships with an additional product offering that opens new opportunities and flexibility to us and to each of our customers. Existing MRI compatible patient vital signs monitoring systems are large and heavy, creating workflow issues for users. Our compact and light-weight design breaks this long-established mold and offers customers greater utilization in and around the MRI suite and allows for the seamless transportation of patients between hospital departments,” said Susi. “Though the 3880 system is not yet available for sale in the U.S., we remain focused on obtaining FDA 510(k) clearance and the commencement of U.S. sales during the second half of 2017. We look forward to completing the remaining portion of the FDA clearance process and continuing to execute on additional MRI compatible products in our pipeline,” said Susi. About the IRADIMED 3880 MRI Compatible Patient Vital Signs Monitoring System The IRADIMED 3880 MRI compatible patient vital signs monitoring system has been designed with nonmagnetic components and other special features in order to safely and accurately monitor a patient’s vital signs during various MRI procedures. The IRADIMED 3880 system operates dependably in magnetic fields up to 30,000 gauss, which means it can operate virtually anywhere in the MRI scanner room, including in very close proximity to the MRI scanner bore. The IRADIMED 3880 has a compact, lightweight design allowing it to travel with the patient from their critical care unit, to the MRI and back, resulting in increased patient safety through uninterrupted vital signs monitoring and decreasing the amount of time critically ill patients are away from critical care units. The features of the IRADIMED 3880 include: wireless ECG with dynamic gradient filtering; wireless SpO2 using Masimo ® algorithms; nonmagnetic respiratory CO2; non-invasive blood pressure; patient temperature, and; optional advanced multi-gas anesthetic agent unit featuring continuous Minimum Alveolar Concentration measurements. The IRADIMED 3880 MRI compatible patient vital signs monitoring system has an easy-to-use design and allows for the effective communication of patient vital signs information to clinicians. About IRADIMED CORPORATION IRADIMED CORPORATION is a leader in the development of MRI compatible medical devices. IRADIMED is the only known provider of non-magnetic intravenous (IV) infusion pump systems that are specifically designed to be safe for use during magnetic resonance imaging (MRI) procedures. We were the first to develop an infusion delivery system that largely eliminates many of the dangers and problems present during MRI procedures. Standard infusion pumps contain magnetic and electronic components which can create radio frequency (RF) interference and are dangerous to operate in the presence of the powerful magnet that drives an MRI system. Our patented MRidium MRI compatible IV infusion pump system has been designed with a non-magnetic ultrasonic motor, uniquely-designed non-ferrous parts and other special features in order to safely and predictably deliver anesthesia and other IV fluids during various MRI procedures. Our pump solution provides a seamless approach that enables accurate, safe and dependable fluid delivery before, during and after an MRI scan, which is important to critically-ill patients who cannot be removed from their vital medications, and children and infants who must generally be sedated in order to remain immobile during an MRI scan. MRidium is a trademark of IRADIMED CORPORATION.

Kevin Jirka