IntelliDOT® Secures $13 Million in Series C Financing

-Integral Capital Partners Leads Financing – Growing Need in the Healthcare Market Drives Need for Expansion-

SAN DIEGO, CA, May 1, 2006 – IntelliDOT Corporation, an innovator in patient safety and workflow management solutions for healthcare, today announced the closing of $13 million in Series C financing led by Integral Capital Partners of Menlo Park, California. Also participating in the round were Menlo Ventures, American River Ventures, Shoreline Ventures, Shea Ventures and other investors. The company intends to use the new capital to expand the market rollout of its CAREt® bedside barcoding system.

"By focusing on nurse usability as well as patient safety, IntelliDOT continues to demonstrate tremendous potential for growth and a clear vision of the healthcare market for its services," said Brian Stansky, managing director for Integral Capital Partners. "We look forward to working with the IntelliDOT team and the other investors to bring this technology to hospitals facing the ongoing challenge of reducing medication errors."

"Recent studies have demonstrated that bar code point-of-care technology can significantly reduce medication errors; however, less than 8 percent of hospitals in the country have adopted the technology," said Thomas Klopack, president and CEO of IntelliDOT Corporation. "We are very pleased that ICP shares our commitment to dramatically improve patient care by accelerating commercialization of this technology. Our unique integration of hardware and software found in the CAREt System provides a cost-effective, easy-to-implement method for hospitals to enable nurse caregivers at the bedside."

The CAREt System is the first nurse-centered workflow manager created to connect caregivers and the information systems they need. Built on a design that complements the way nurses work, the CAREt System provides a straightforward user interface that supports a fully integrated approach to medication safety and documentation at bedside, in a variety of healthcare settings.

By simply scanning a patient wristband, the CAREt handheld guides the nurse through all required medication administration and documentation tasks that have accumulated for a patient. Information is clear, organized and delivered right into the caregiver's hand, right when it's needed.

About Integral Capital Partners
Integral Capital Partners operates a family of partnerships that invests in expansion-stage private and growth-stage public companies in the information technology and life sciences industries. Integral invests in technology firms focused on communications-centric computing, real-time applications, and user mobility. Additional information can be found at www.icp.com.

About IntelliDOT Corporation
San Diego-based IntelliDOT Corporation (www.intellidot.net) provides an advanced, wireless workflow optimization and medication error prevention solution for hospitals and other health care providers. IntelliDOT's CAREt System incorporates a unique wireless handheld computing device, an enterprise-class server and a sophisticated, but flexible software application. In addition to reading conventional bar codes, the CAREt System reads small, information-rich codes called MedDOTs that can be used to create customized documentation and communication applications.

 

Except for the historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties, including, but not limited to, risks and uncertainties associated with market acceptance of the CAREt System, whether the company will be successful in raising additional funds, the risk that sales of the CAREt System will not increase to target levels, and the effectiveness and marketability of healthcare information technologies, as well as other risks.

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Media and Analyst Contact:

Michael E. Donner
VP of Marketing
IntelliDOT Corporation
+1 (858) 746 3104
mdonner@intellidotcorp.com