IRIS Appoints John Caloz as CFO and Vice President of Finance; Expands Management As It Focuses...

Business Editors

CHATSWORTH, Calif.--(BUSINESS WIRE)--Aug. 23, 2001

International Remote Imaging Systems, Inc., also known as IRIS, (AMEX: IRI), announced today the appointment of John Caloz, a senior financial executive with extensive experience in the health care service and

Mr. Caloz, a Chartered Accountant, will be responsible for the Finance, Human Resources and Management Information Systems functions of the Company, according to Dr. John A. O'Malley, IRIS Chairman, President and Chief Executive Officer.

"With an extensive background in the health care service and contract research industries, John brings a wealth of financial experience to the Company," Dr. O'Malley stated. "With his international expertise and experience in developing and implementing corporate goals, the Company is better positioned for the growth expected globally over the next several years."

Mr. Caloz, who has expertise in research and development as related to financing, general management, acquisitions, initial public offerings, and international tax planning, most recently served as CFO of Synarc, Inc., of San Francisco, CA, a startup medical imaging services company employing 120 people with operations in the U.S. and Europe. From 1993 to 1999 he was Senior Vice President, Finance and CFO of Phoenix International Life Sciences Inc. of Montreal, Canada and Irvine, Calif., a contract research organization to the pharmaceutical and biotechnology industries employing more than 2,000 people with facilities in Canada, the U.S. and Europe. From 1983 to 1993, Mr. Caloz was a partner at Rooney, Greig, Whitrod, Filion & Assoc. of Saint Laurent, Quebec, a firm of Chartered Accountants specializing in R&D and high tech companies.

Mr. Caloz holds a B.A. in Accounting from York University, Toronto, Canada.

IRIS is a leader in automated urinalysis technology with more than 450 of its workstations installed in major medical institutions throughout the world. IRIS manufactures the only clinical analyzers using real-time video flow imaging, displaying microscopic images on a video screen; the systems are operated by touch screen interfaces pioneered by the Company for use in urinalysis. IRIS imaging systems use patented and proprietary automated intelligent microscopy (AIM) technology for automating microscopic procedures. IRIS enables clinical laboratory technologists to rapidly and efficiently analyze and process specimens automatically, significantly reducing the costly and time-consuming manual steps required for microscopic analysis. IRIS has two subsidiaries, StatSpin and ADIR, which offer complementary products and services.

StatSpin, Inc. excels as a maker of innovative centrifuges and blood analysis products. Thirty-five thousand of its micro centrifuge systems have been sold to date. More than 600 major medical institutions worldwide, along with thousands of smaller hospitals, commercial laboratories, clinics, doctors' offices, veterinary labs and research institutions use StatSpin's products. StatSpin manufactures the world's fastest blood separator (30 seconds). Its bench top centrifuges are dedicated to applications for manual specimen preparation for coagulation, cytology, hematology and urinalysis. StatSpin has been providing centrifuges to the veterinary market through a company which provides sample and analysis systems and during 2000 shipped the 10,000th centrifuge to this market.

Advanced Digital Imaging Research, LLC, (also known as ADIR) is a research and development organization specializing in digital imaging software and algorithm development for IRIS and government entities. ADIR applies for government grants with potential commercial application to the imaging part of the IRIS business. ADIR also performs some of IRIS's internal research and development work. ADIR plans to build a commercial research and development business focused on non-governmental corporate clients.