Knobias ClipReport (8-29-2007)
Submitted from Knobias ClipReport
Scivanta Medical Corporation (SCVM) has entered into a development agreement with Sparton Medical Systems, a business group of Sparton Electronics Florida, Inc. which is a wholly-owned subsidiary of Sparton Corporation (SPA). Sparton will provide engineering and development support for the hardware component of the Hickey Cardiac Monitoring System (HCMS).
Sparton will plan and develop the design control documents; concept development, including mechanical, electrical and software design; completion of a detailed design and an engineering model; assembly of proto-type models and preliminary design verification testing; the production of “pilot” devices using formal drawings and validated processes; and design verification testing on the “pilot” units. The estimated cost for Scivanta under the development agreement are estimated to be up to $1,650,000 for services and materials.
