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Triple Ring Technologies Awarded NIH Challenge Grant

From NHLBI Director Elizabeth G. Nabel, M.D.

“In the spirit of the Recovery Act, this research advances biomedical research while also retaining scientists to develop a technology with important public health benefits.  The imaging system to be developed promises to reduce the radiation exposure of children having cardiac procedures, thereby potentially lowering their risk of cancer”

NEWARK, California, October 7, 2009 – Triple Ring Technologies, Inc., a leading provider of early-stage advanced research and development services, today announced that it has been awarded a Challenge Grant from the National Heart, Lung and Blood Institute (NHLBI), a division of the National Institutes of Health (NIH), as part of the American Recovery and Reinvestment Act (ARRA).

About NovaRay Medical, Inc.
NovaRay is a medical imaging company focused on developing unique innovations in proprietary digital cardiac x-ray technology. NovaRay’s initial clinical offering, the ScanCath™ cardiac catheterization system, offers advanced, revolutionary, and breakthrough imaging capabilities, coupled with dramatic reductions in radiation exposure to patients, operators, and staff.

About Triple Ring Technologies
Triple Ring Technologies, headquartered in Newark, CA, is an innovative research and development company that partners with clients to deliver complex technical solutions. Founded in 2004, Triple Ring’s team of scientists and engineers provides leading edge, integrated technical design, engineering, and business services. Clients include entrepreneurs, established companies, and investors in the medical device, life sciences, optics, clean technology, and digital imaging fields.

About NovaRay Medical, Inc.
NovaRay is a medical imaging company focused on developing unique innovations in proprietary digital cardiac X-ray technology. NovaRay’s initial clinical offering, the ScanCath™ cardiac catheterization system, offers advanced, revolutionary, and breakthrough imaging capabilities, coupled with reductions in radiation exposure to patients, operators, and staff. The technology, which is protected by 23 issued U.S. patents, has been validated at the University of Wisconsin Hospital in Madison.

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For more information, contact:

Joe Heanue
Triple Ring Technologies
510.592.3000
www.tripleringtech.com

Will Frederick
NovaRay Medical, Inc.
510.619.9200
www.novaraymedical.com

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