Meridian Co., Ltd.
OTC Bulletin Board : MRDAF

Meridian Co., Ltd.

June 22, 2005 16:00 ET

Meridian's Announces Joint Venture with Gio Communication Inc. to Develop Remote Bio-Monitoring Military Device Technology

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 22, 2005) - Meridian Co., Ltd. ("Meridian") (OTCBB:MRDAF) is very pleased to announce it has entered into a Joint Venture Agreement ("JVA") with Gio Communication Inc. ("Gio") to develop an integrated military helmet. The Company signed a Non-Disclosure Agreement with Gio in March 2005 and is very excited about the potential of this project.

The JVA will focus on developing a system that locates individual soldiers using GPS technology and inertial navigation which will create the ability to monitor the status of each soldier through a bio-signal. This technology would greatly increase the ability to track soldiers and monitor their mortality status. Both companies are in the process of filing a patent application for the remote bio-monitoring system.

Meridian is utilizing its pulse analyzing technology, currently used for the Digital Pulse Analyzer, to develop an ear insertion device that carries a fiber optic sensor. The Company expects to complete the prototype in July 2005.

This remote bio-monitoring system has attracted a great deal of interest. The technology was selected for participation in the Technology Reforming Small Group Supporting Program which is promoted by the Small and Medium Business Administration ("SMBA"). The SMBA offers a variety of support systems for selected companies to provide increased market exposure.

Meridian plans to complete the development of the remote bio-monitoring module by the end of 2005 and has arranged to deliver 30,000 sets each year, which includes the initial 10,000 sets to a purchaser (covered under the Non-Disclosure Agreement) by the first quarter of 2006.

More About: Meridian

Meridian is an established leader in the research/development, manufacturing, and sales of integrative medical diagnostic equipment. The company sells its products and equipment to a wide array of customers in the global health care industry. The company presently holds a total of 18 worldwide patents on its technology, and has received FDA, as well as other international regulatory approvals for many of its products. Meridian is committed to the ongoing global research and advancement of integrative medical products that contribute to the better health of humanity.

More About: Gio Communications Inc.

Gio is a leading-edge company in the field of radio frequency communications using millimeter microwave technologies for Korean critical market needs. Gio is in the course of developing a Broadband Wireless Local Loop device and 60GHz wireless LAN. Gio is expanding its business expertise to military defense issues.

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  • Meridian Medical Inc.
    Debbie Williams