Standard Register and Precision Dynamics Enter Agreement to Deliver on Growing Healthcare ID Needs

DAYTON, Ohio & SAN FERNANDO, Calif.--()--Standard Register (NYSE:SR) and Precision Dynamics Corporation (PDC), both innovators in healthcare identification solutions, announced they have entered into an agreement that will enable them each to more fully address healthcare’s pressing needs for effective patient identification solutions throughout the continuum of care.

Under the agreement, the two companies will market each other’s wristbands and labels, and manufacture products for one another. The arrangement creates immediate supply chain efficiencies for both companies, while extending their product portfolios and enhancing customer service through expanded regional and internal sales teams. Longer term, the two hope to work together to develop a new generation of patient identification and labeling solutions.

“This agreement is a win for both companies and the healthcare market,” said Brad Cates, president of Standard Register’s Healthcare Business Unit. “It opens new avenues for our patient identification solutions, while giving us the means to more effectively respond to market demand and address the broad range of healthcare problems.”

"Our customers will immediately benefit from the combination of Standard Register and Precision Dynamics’ leading ID technologies and services, providing them with the best solutions to improve clinical outcomes," said Gary Hutchinson, president and CEO of Precision Dynamics. “Our agreement provides a great opportunity to help hospitals enhance patient safety through positive identification, a critical priority in the healthcare industry.”

About Standard Register

Standard Register is a premier document services provider, trusted by companies to manage the critical documents they need to thrive in today’s competitive climate. Employing nearly a century of industry expertise, Lean Six Sigma methodologies and other leading technologies, the Company helps organizations increase efficiency, reduce costs, mitigate risks, grow revenue and meet the challenges of a changing business landscape. The Company offers document and label solutions, technology solutions, consulting and print supply chain services to help clients manage documents throughout their enterprises. More information is available at http://www.standardregister.com.

The Standard Register Healthcare Business Unit serves more than 3,100 hospitals and 100 of the nation's top integrated delivery networks (IDNs). It helps healthcare providers bridge the worlds of paper and electronic with document management and workflow automation solutions for patient identification and documentation, secure prescriptions, training, patient and marketing communications, as well as professional services and print supply chain services . More information is available at www.standardregister.com/healthcare.

About Precision Dynamics Corporation (PDC):

The Leading Provider of Positive ID and Positive Outcomes™

With more than 50 years of experience, Precision Dynamics provides accurate, reliable, and easy-to-use healthcare ID solutions that empower the flawless delivery of care and enhance outcomes across all major hospital functions. PDC products are used in all of the leading hospitals worldwide and comprise a comprehensive range of wristband and labeling systems that provide positive ID and positive clinical outcomes.

Precision Dynamics products meet important guidelines of the Joint Commission, World Healthcare Organization, FDA, AHA, and HIPAA. As the developer of the first single-piece patient wristband, the first bar code wristband system, and the first Smart Band® RFID wristband system, Precision Dynamics solutions are an integral part of some of the most successful patient safety initiatives. As an ISO 9001 certified company, Precision Dynamics follows a systematic, world-standard approach to ensure superior product design, manufacturing, and customer support services. Precision Dynamics constantly strives to better understand customer needs and measures performance through vehicles such as its Customer Council and Customer Survey Program. For more information, call 800.772.1122 or visit www.pdcorp.com/healthcare.

Contacts

Media contact:
Standard Register
Christine Winters, 937-221-1804
christine.winters@standardregister.com
or
Investor contact:
Shaun Smith, 937-221-1504
shaun.smith@standardregister.com
or
Media contact:
Precision Dynamics Corporation
Daniel Hobin, 818-897-1111 ext. 1340
danielh@pdcorp.com

Release Summary

Standard Register and Precision Dynamics entered an agreement to manufacture and market each other's patient ID bands and labels. They also hope to develop the next generation of patient ID solutions.

Sharing

Contacts

Media contact:
Standard Register
Christine Winters, 937-221-1804
christine.winters@standardregister.com
or
Investor contact:
Shaun Smith, 937-221-1504
shaun.smith@standardregister.com
or
Media contact:
Precision Dynamics Corporation
Daniel Hobin, 818-897-1111 ext. 1340
danielh@pdcorp.com