Siemens Commits $10 Million in Medical and Water Purification Equipment and Funds as Part of the Clinton Global Initiative to Improve Global Healthcare
Technology Leader Joins The Chinese Ministry of Health To Provide Rural Chinese Communities With Diagnostic Equipment And Clean Water Technologies
New York, Sep 21, 2006 - Siemens, the global technology and electrical engineering company, today announced at the annual Clinton Global Initiative Summit (CGI) that it would commit $10 million in medical diagnostic equipment, water treatment equipment, and financial support to rural communities in China as part of the company’s new affiliation with CGI. The company is working closely with the Chinese Ministry of Health to facilitate the delivery of CT scanners, X-ray equipment and ultrasound machines, as well as vital water purification systems, to medical clinics throughout a rural community in China.
“Access to clean water and adequate healthcare are two of the most pressing – and basic – of human needs. Yet only 2% of the earth’s water is usable, and millions of people are dying of curable diseases that have gone undetected,” said Klaus Kleinfeld, CEO of Siemens AG. “As one of the world’s largest infrastructure companies, Siemens recognized that we could make a significant – and immediate - difference by addressing the rapid proliferation of respiratory disease currently plaguing many of the mining towns throughout China. Soon, people will have access to diagnostic equipment that will detect diseases earlier and clean water technologies that can decrease the spread of life-threatening human contaminants.
“Siemens is proud to sign on to The Clinton Global Initiative which shares our company’s determination to make a sustainable, accountable and measurable difference.”
The five-year commitment of medical diagnostic technologies and water purification systems will begin in early 2007 with the delivery and installation of equipment into clinics. Siemens will oversee the equipment set-up and train local healthcare providers to maintain and service machines.
Siemens also will supply specialized, reverse osmosis water purification equipment used to make high purity water from potable tap water for laboratory and dialysis applications in the clinics.
“Siemens spends more than $900 million (728 Euro) on medical research and development and we have had a presence in China for more than 100 years so we are equipped and ready to make a difference,” said Dr. Erich Reinhardt, president and CEO of Siemens Medical. “Our success, however, will not be the delivery of equipment but a measurable improvement in positive patient outcomes for those suffering from respiratory disease, diseases of the GI tract and trauma. If we see those improvements, then we will have achieved our objective.”
Dr. Roger Radke, president and CEO of Siemens Water Technologies, said “Our reverse osmosis technology helps hundreds of hospitals and clinics provide high purity water for their processes and patients. We are looking forward to serving the medical community in China.”
Siemens will measure pre- and post-baseline health outcomes and will provide updates on its Web site as well as the CGI Web site.
About the Clinton Global Initiative
The Clinton Global Initiative (CGI) is a non-partisan catalyst for action, bringing together a community of global leaders to devise and implement innovative solutions to some of the world’s most pressing challenges. Each September, CGI convenes a meeting for global leaders including heads of state, non-profit organizations, and business leaders to discuss challenges facing the world today. President Clinton’s vision in bringing together this group is to merge ideas from both the public and private sectors to devise a plan to identify and implement solutions to major problems facing our world. The forum coincides with the opening of the General Assembly of the United Nations and will take place September 20-22, 2006.
About Siemens Medical Solutions
Siemens Medical Solutions of Siemens AG (NYSE: SI) with headquarters in Malvern, Pennsylvania and Erlangen, Germany, is one of the largest suppliers to the healthcare industry in the world. The company is known for bringing together innovative medical technologies, healthcare information systems, management consulting, and support services, to help customers achieve tangible, sustainable, clinical and financial outcomes. Employing approximately 33,000 people worldwide and operating in more than 120 countries, Siemens Medical Solutions reported sales of 7.6 billion EUR, orders of 8.6 billion EUR and group profit of 976 million EUR for fiscal 2005. More information can be obtained at http://www.usa.siemens.com/medical-pressroom.
About Siemens Water Technologies
Siemens Water Technologies Corp, Warrendale/Pensylvania, delivers cost-effective, reliable water and wastewater treatment systems and services to municipal, industrial, commercial and institutional customers worldwide. The division “Water Technologies” is part of Siemens’ Industrial Solutions and Services Group (I&S) which is a system and solution provider for industrial and infrastructure facilities and global service provider for the plant and projects business covering planning, installation, operation and the entire life cycle. In fiscal 2005 (to September 30) I&S employed a total of 31,700 people worldwide and achieved total sales of EUR 5.390 billion.
About Siemens AG
Siemens AG (NYSE:SI) is one of the largest global electronics and engineering companies with reported worldwide sales of $96 billion in fiscal 2005. Founded nearly 160 years ago, the company is a leader in the areas of Medical, Power, Automation and Control, Transportation, Information and Communications, Lighting, Building Technologies, Water Technologies and Services and Home Appliances. With its U.S. corporate headquarters in New York City, Siemens in the USA has sales of $18.8 billion and employs approximately 70,000 people throughout all 50 states and Puerto Rico. Eleven of Siemens’ worldwide businesses are based in the United States. With its global headquarters in Munich, Siemens AG and its subsidiaries employ 460,000 people in 190 countries. For more information on Siemens in the United States: www.usa.siemens.com.
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