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Signalife Jumps Up after Grand Prix News

Shares of Signalife Inc. (Amex: SGN) jumped up today after news about the Champ Car Grand Prix came out this morning. In early trading today, SGN was up 7 cents (10 percent) to 79 cents per share on volume of 120,100 shares.

SGN announced that video footage of its technology use during Champ Car Grand Prix of Edmonton is now available online. The report was made by Terry Reith of Canadian Broadcasting Company (CBC) during last weekend’s race in Edmonton.

SGN patented signal processing technology enables recording of high-fidelity ECG data in harsh environments. The collaboration between SGN and Champ Car started in the Fall of 2005, as a joint three-way collaborative effort, when Dr. Jennifer Cummings of Cleveland Clinic introduced Signalife R&D team to the Champ Car World Series (CCWS) Medical Director Dr. Chris Pinderski.

“The first phase of our joint effort with Champ Car World Series and Jennifer Cummings, MD of Cleveland Clinic is successfully accomplished. We can collect and transmit in real time ECG data during a race,” said Dr. Budimir S. Drakulic – CTO of Signalife – in a statement. “Physicians from Champ Car and Cleveland Clinic will be able to analyze and use these data to enhance performance and safety of drivers.”

SGN is a life sciences company focused on the monitoring and detection of disease through continuous biomedical signal monitoring. SGN uses its patented signal technology to design and develop medical devices that simplify and reduce the costs of diagnostic testing and patient monitoring in an ambulatory setting.

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