WESTBOROUGH, Mass., Nov. 18, 2010 (GLOBE NEWSWIRE) -- Viking Systems, Inc. (OTCBB:VKNG) announced today that it has completed the CE certification process related to its new 3DHD Vision System. The Company also commented on its first day of exhibiting at the Medica Trade Show 2010 (Medica) in Dusseldorf, Germany.
The CE mark demonstrates compliance with the European community's Medical Device Directive. Completion of the self-certification process means the Company can now place the CE mark on its new 3DHD product and the product can be sold in the countries requiring such CE mark.
Jed Kennedy, Viking Systems President & CEO stated, "We are pleased to complete the CE certification process as we are anxious for our European distributors to begin the selling process."
The Company reported a very positive response to its new 3DHD Vision System from the Medica attendees. The Company noted that Medica is largely a "business-to-business" event and that various attendees expressed interest in learning more about Viking Systems and the new product.
Jed Kennedy stated, "From discussions with attendees of the show it is clear that the opportunity for 3D vision systems in the surgical market has captured the attention of the industry. We look forward to furthering our leading role in bringing 3D vision systems to the operating room. Nearly all laparoscopic procedures are currently performed with a 2D camera. We believe our new system provides the surgeon with high quality 3D vision in a cost effective and flexible format. Performing complex minimally invasive procedures with a 3D vision system has the potential not only to improve the quality of care but also to reduce procedure time and therefore cost of procedures."
The Company also reported a positive response to the demonstration of the new product from surgeons attending the 28th Congreso Nacional de Cirugia held last week in Madrid, Spain from November 8-11. Jed Kennedy stated, "Surgeons continue to be very interested in learning more about the benefits that 3D vision could bring to their surgical procedures."
About Viking Systems, Inc.
Viking Systems, Inc. (OTCBB:VKNG) is a leading worldwide developer, manufacturer and marketer of 2D and 3D visualization solutions for complex minimally invasive surgery. The Company partners with medical device companies and healthcare facilities to provide surgeons with proprietary visualization systems enabling minimally invasive surgical procedures, which reduce patient trauma and recovery time. For more information visit the Company's website at: www.vikingsystems.com
This press release contains forward-looking statements. These forward-looking statements are estimates reflecting the best judgment of our management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. These forward-looking statements should, therefore, be considered in light of various important factors as described in our annual report on Form 10-K under the heading "Risk Factors" as updated from time to time by our quarterly reports on Form 10-Q and our other filings with the Securities and Exchange Commission. Statements concerning forecasts, revenue growth, procedure growth, future financial results, and statements using words such as "estimate", "project", "plan", "intend", "expect", "anticipate", "believe" and similar expressions are intended to identify forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We undertake no obligation to publicly update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.
CONTACT: Viking Systems, Inc. Robert Mathews, EVP & CFO (508) 366-3668 Ext. 8392