LifeWatch signs LOI with GE Healthcare to develop strategic relationship

Zug/Switzerland, October 24, 2016 - LifeWatch AG (SIX Swiss Exchange: LIFE), a leading developer and provider of medical solutions and remote diagnostic monitoring services in the digital health market, announces that the company has signed a Letter of Intent (LOI) with GE Medical Systems Information Technologies, Inc., a Wisconsin corporation doing business as GE Healthcare, along with its affiliates (GE Healthcare).

The purpose of the LOI is to explore the opportunities of a long-term strategic relationship regarding the exclusive third-party distribution of LifeWatch's monitoring services in the USA and possible other markets as well as other potential ventures. This LOI is non-binding and the intended relationship is subject to the signing of a definitive cooperation agreement.


For further questions: 
LifeWatch AG, Andrew Moore, CFO
c/o Dynamics Group, Doris Rudischhauser 
Phone +41 43 268 27 40 / Mobile +41 79 410 81 88 
E-Mail: investor-relations@lifewatch.com 
 
 

About LifeWatch AG

LifeWatch AG, headquartered in Zug and listed on SIX Swiss Exchange (LIFE), Switzerland, is a leading healthcare technology and solution company, specializing in advanced digital health systems and wireless remote diagnostic patient monitoring services. LifeWatch's services provide physicians with critical information to determine appropriate treatment and thereby improve patient outcomes. LifeWatch AG has operative subsidiaries in the United States, in Switzerland and in Israel, and is the parent company of LifeWatch Services Inc., and LifeWatch Technologies, Ltd. LifeWatch Services, Inc. is a leading U.S.-based provider of cardiac monitoring services. LifeWatch Technologies Ltd., based in Israel, is a leading developer and manufacturer of telemedicine products. For additional information, please visit www.lifewatch.com.

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This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding future results of operations and financial position, the business strategy, and plans and objectives for future operations, are forward-looking statements. The words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect" and similar expressions are intended to identify forward-looking statements. LifeWatch AG has based these forward-looking statements largely on current expectations and projections about future events and financial trends that it believes may affect the financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements are subject to a number of risks, uncertainties and assumptions. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances described may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. All forward-looking statements are based only on data available to LifeWatch AG at the time of the issue of this press release. LifeWatch AG does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.

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