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Interim Results of Human Studies Using Magnetecs CGCI Robotic Catheter Guidance System to be Presented at Conferences in London and Tel Aviv

October 26, 2010
Inglewood, CA – Magnetecs Corporation, a designer and manufacturer of robotic systems for minimally invasive surgical procedures, today reported that the Company’s Robotic Catheter Guidance Control and Imaging (CGCI) system and interim results of human studies using CGCI for patients with irregular heartbeat will be presented at two upcoming international conferences in London and Tel Aviv.

The conferences will include lectures on new remote navigation technologies in the field of cardiology and will contain presentations of the interim results to-date of the first human studies of the CGCI system, which began on October 7, 2010 at Hospital General Universitario La Paz in Madrid, Spain.

Jose Merino, MD, Director, Arrhythmia & Electrophysiology Research Unit, La Paz Hospital in Madrid, Spain

Eli Gang, MD, Chief Medical Officer, Magnetecs Corporation, and Clinical Professor of Medicine, UCLA

The first conference presentation, “CGCI Robotic System from Magnetecs,” will be made by Dr. Jose Merino, Director of the Arrhythmia & Electrophysiology Research Unit at La Paz Hospital, at the Europe AF Conference on November 23, 2010. The presentation will take place at the London Hilton Metropole Hotel on Tuesday at 1:45 PM.

The second conference, Innovations in Cardiovascular Interventions (ICI), December 5-7, 2010 in Tel Aviv, Israel, will include two presentations on CGCI and the studies conducted to-date. The first of these presentations, entitled “Dynamically shaped magnetic fields: Description and animal validation of a new remote catheter guidance and control system,” will be made by Dr. Eli Gang, Chief Medical Officer of Magnetecs, Clinical Professor of Medicine, Geffen School of Medicine at UCLA, who has also served as Director of the Clinical Electrophysiology Laboratory at Cedars-Sinai Medical Center in Los Angeles. The second CGCI presentation at the ICI conference, entitled “Human study of Magnetecs’ Catheter Guidance Control and Imaging System,” will be made by Dr. Merino. These presentations will be made during the Atrial Fibrillation sessions of the ICI conference beginning at 2:00 PM on December 7, 2010 at the David InterContinental Hotel in Tel Aviv.

To-date ten patients have participated in the 20-patient study in which a highly detailed map of the heart is created using the CGCI system’s magnetically guided catheter. The primary outcome of the study measures intracardiac anatomic site target acquisition and repetition of acquisition. Successful outcomes have been achieved in all ten patients thus far participating in the study. A description of the study can be found on the site.

The mapping study is expected to be completed by the end of 2010, and will be followed by a study of 40 patients in which mapping and ablation procedures will be conducted using the CGCI system. The second study is expected to be completed in the second quarter of 2011. The Principal Investigator for the studies is Dr. Vivek Reddy, Professor of Medicine and Director, Cardiac Arrhythmia Service, Mount Sinai School of Medicine, in New York City.

CGCI EP Suite at La Paz Hospital

CGCI uses eight electromagnets in a unique configuration to intelligently guide a magnetically-tipped catheter, enabling a physician to precisely and consistently control surgical tools in highly dynamic or previously inaccessible environments while enhancing both the physician’s dexterity and the patient’s safety. The first study in mapping of the heart is a diagnostic procedure that is performed for patients who have arrhythmia, or irregular heart beat. Magnetecs expects this study to lead to a CE Mark application for commercialization in Europe planned for the first half of 2011. Additional human studies for ablation are expected to lead to approval of the CGCI system for therapeutic procedures used to correct heart arrhythmia.

Additional installations in Europe and the US will support the Company's program to receive FDA 510(k) certification. Magnetecs is currently in the initial stages of planning human studies in the US at Mount Sinai Medical Center in New York City under the direction of Dr. Reddy and Dr. Andre d'Avila, and in the UK at St. Mary’s Hospital in London under the direction of Dr. Nicholas Peters and Dr. Wyn Davies. CGCI installations and studies are also currently being planned at Na Homolce Hospital in Prague, Czech Republic.

CGCI provides a unified system for robotic guidance, control and imaging of electrophysiology and other procedures. The CGCI system is integrated with sophisticated cardiac mapping and navigation technologies, including intracardiac echocardiography (ICE), and other advanced electrophysiology lab technologies and equipment. Magnetecs is planning additional applications of the Company’s electromagnetic technology in the fields of interventional cardiology, gastroenterology, neurology, and gynecology.

Magnetecs Corporation designs and manufactures a unique and highly efficient robotic catheterization control system for minimally invasive surgical procedures, and the advanced specialized tools used in these procedures. The Company believes that its proprietary Catheter Guidance Control and Imaging (CGCI) system will greatly improve the efficacy, safety and cost efficiency of many common minimally invasive surgeries. Magnetecs has established advanced electrophysiology surgical suites for CGCI development and testing at the Company’s headquarters facility in Inglewood, California.

For Further Information, Contact:
Daniel Saks, SVP, Corporate Affairs
(310) 670-7700