Better Vision with Multi-Pinholes: Siemens and Cleveland Clinic Sign Licensing Agreement

by Amanda Naiman, Manager, Media Relations, Siemens Medical Solutions | March 13, 2006

About CCF Innovations

The Cleveland Clinic Foundation's strong commitment to discovery and innovation led to the establishment of CCF Innovations (CCFI) in 2000. CCF Innovations commercializes all inventions and related technology from throughout The Cleveland Clinic. The Clinic's comprehensive commercialization approach includes prototyping, seed and technology validation funds, clinical trials, translational research cores, animal facilities, on-site accelerator, entrepreneurs-in-residence, allied venture capital fund, expert staff, venture advisors, start-up mentoring programs, selective in-licensing and ideation labs. Fifteen companies have been spun-off from the Cleveland Clinic in the last four years.

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About the Cleveland Clinic

Cleveland Clinic, located in Cleveland, Ohio, is a not-for-profit multispecialty academic medical center that integrates clinical and hospital care with research and education. Cleveland Clinic was founded in 1921 by four renowned physicians with a vision of providing outstanding patient care based upon the principles of cooperation, compassion and innovation. U.S. News & World Report consistently names Cleveland Clinic as one of the nation's best hospitals in its annual "America's Best Hospitals" survey. Approximately 1,500 full-time salaried physicians at Cleveland Clinic and Cleveland Clinic Florida represent more than 100 medical specialties and subspecialties. In 2004, patients came for treatment from every state and 100 countries. Cleveland Clinic website address is www.clevelandclinic.org.

About Siemens Medical Solutions

Siemens Medical Solutions of Siemens AG (NYSE:SI) with headquarters in Malvern, Pennsylvania, and Erlangen, Germany, is one of the largest suppliers to the healthcare industry in the world. The company is known for bringing together innovative medical technologies, healthcare information systems, management consulting, and support services, to help customers achieve tangible, sustainable, clinical and financial outcomes. Employing approximately 33,000 people worldwide and operating in more than 120 countries, Siemens Medical Solutions reported sales of 7.6 billion EUR, orders of 8.6 billion EUR and group profit of 976 million EUR for fiscal 2005. More information can be obtained by visiting www.usa.siemens.com/medical-pressroom.

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