Telcare Connects Last Mile between Patient and Doctor to Win MobiTechFest

SANTA CLARA, Calif.--(BUSINESS WIRE)--Investorfest Media announced today that Telcare was the “best in show” winner of the MobiTechFest Americas conference held yesterday in Santa Clara, CA. Telcare offers the first wireless-enabled glucose meter for diabetic patients that transmits results to a medical management server and returns immediate feedback to the patient. The unique solution works like a standard glucose meter and the patient does not have to learn any new behaviors. Preliminary results show potential to reduce complications and costs of diabetes by more than 37%.

Telcare CEO, Jonathan C. Javitt, M.D., who presented the company’s story to the MobiTechFest audience of investors, entrepreneurs and corporate executives yesterday, explained that more than 14 million Americans use glucose meters every day, and the US market alone is $4 billion. Future plans call for management of other chronic diseases—such as asthma, heart disease, obesity, etc.—that eat up 7 out of every 10 dollars spent on healthcare each year.

Investors at the conference were especially impressed with the company’s management team—who have already achieved success with six healthcare start-ups that exited in excess of 10x revenue invested—as well as addressing the critical market requirement for reducing health care costs.

Dr. Javitt said, “The opportunity to present at Investorfest has been uniquely helpful to Telcare in its evolution. The mobile healthcare, or mHealth, industry is in its infancy. Although Telcare’s principals have extensive experience in developing successful companies in the biotechnology and information technology domains, Investorfest provided us with an unparalleled opportunity to meet investors and fellow travelers in the wireless and mobile computing domain. As Telcare continues on its quest to become one of the first companies to present a lifesaving mHealth solution that also has a compelling and sustainable business model, the support of Investorfest Media in learning how to address the wireless industry has been invaluable.”

Runner-up Silicon Valley and Tel Aviv-based Vyycore was presented by founder and president, Doron Koren, who discussed the strain and engineering challenges on 4^th generation cellphones with technologies that require 10X the performance at the same time manufacturers must continue to keep handset prices low. According to Mr. Koren, old designs have been rendered obsolete by current, and growing, performance requirements. Vyycore’s solution is to integrate the cellphone’s entire RF requirements and power amplifier onto a single CMOS chip. The result is improved RF efficiency, radio output performance, data rate, range, battery life, and cost to manufacturer. This technology will also improve range for cellular operators, under pressure from expanding applications and technologies, and is additionally standards-agnostic, supporting both WiMax and LTE.

Investors awarded high marks for the company’s command of the technical requirements as well as the potential impact on the market overall.

Mr. Koren expressed his appreciation to MobiTechFest organizers and the investors who attended, noting, “I had the pleasure of meeting top tier investors as well as very talented entrepreneurs who represent the ‘tip of the sword’ of new emerging markets and technologies. I would like to express gratitude to the entire professional team at MobiTechFest and to the investors for awarding Vyycore with this honor.”

About MobiTechFest Americas and Investorfest Media

MobiTechFest™ is a part of the Investorfest™ series of events produced by Investorfest Media, a leading producer of early stage venture conferences focused on the mobile/wireless and life sciences industries. Since the organization’s first conference in August, 2006, more than 60 companies have been featured, 43 of which have received funding totaling US$250 million. For more information and to register for MobiTechFest 2009, visit http://www.investorfest.com.