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CODONICS WINS STEVIE® AWARD IN 2012 INTERNATIONAL BUSINESS AWARDS BEST NEW PRODUCT OF THE YEAR

Winners to be celebrated at gala banquet in Seoul, South Korea

Stevie Award
CLEVELAND, OHIO – 15 August 2012 – Codonics Inc. Safe Label System SLS 500i was named the winner of a Silver Stevie® Award in the Best New Product of the Year category for Health and Pharmaceuticals in the 9th Annual International Business Awards (IBA) today.

The International Business Awards are the world's premier business awards program. All individuals and organizations worldwide are eligible to submit nominations – public and private, for-profit and non-profit, large and small. The 2012 IBAs received entries from more than 50 nations and territories.

Nicknamed the Stevies for the Greek word for "crowned," the awards will be presented to winners at a gala awards banquet at the Ritz-Carlton Hotel in Seoul, South Korea on 15 October.

Codonics Safe Label System is an FDA approved class 2 medical device used in the operating room or anywhere medications are prepared. The system addresses the three most common medication errors made in the operating room including vial/ampoule swaps, mislabeling/illegible labeling and syringe swaps. SLS enhances medication labeling safety by incorporating barcode technology to improve patient safety as well as workflow, acting as an electronic "triple check". SLS provides visual and audible confirmation of medications to ensure the drug selected is the intended drug prior to administration.

"We are truly honored to receive the Stevie Award for the Safe Label System. SLS is a first-of-its-kind technology and an innovation that has the ability to save lives," said Peter O. Botten, President and CEO, Codonics. "SLS applies leading-edge technologies to simplify and automate "best practices" wherever medications are prepared to enhance patient safety and reduce costs. Codonics is committed to technologies that will improve healthcare for patients and providers, and lower costs through improved safety and efficiencies".

Stevie Award winners were selected by more than 300 executives worldwide who participated in the judging process this year.

"Entries to the IBAs grew substantially this year," said Michael Gallagher, president and founder of the Stevie Awards. "Despite slow economic conditions in much of the world, the quality of nominations was outstanding, demonstrating that there are many companies that are innovating and growing regardless. We're looking forward to celebrating this year's Gold, Silver and Bronze Stevie winners at our gala event in Seoul on 15 October."

Details about The International Business Awards and the lists of Stevie Award winners are available at www.StevieAwards.com/IBA.

About Codonics Inc.

Headquartered in Cleveland, Ohio, Codonics designs, manufactures, sells and supports medical imaging and medication safety systems. Codonics products are widely used in the medical industry with tens of thousands of installations worldwide. Codonics global sales and service network extends to over 110 countries. The company has been highly recognized for global expansion and product innovation, winning the highly coveted President's E-award in 2011 recognizing Codonics for its export excellence.

About the Stevie Awards

Stevie Awards are conferred in four programs: The International Business Awards, The American Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.StevieAwards.com.

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