ATL names new division SonoSight

ATL Ultrasound has announced that the distribution date for its handheld division took place on April 6 (SCAN 3/18/98). The new company, called SonoSight, will trade on the NASDAQ National Market under the ticker symbol SONO. ATL Ultrasound shareholders of record on March 30 will receive one share of SonoSight for every three shares held of ATL.

SonoSight has filed a 510(k) premarket notification for its first product, with commercial launch anticipated in 1999, according to ATL. A prototype of the first handheld system, targeted for use in women's healthcare, is expected within a few months. Other models are being developed for internal and emergency medical use.

In other SonoSight developments, Kevin Goodwin has been tapped as president and CEO of the company, with Kirby Cramer serving as chairman. Cramer is a member of the ATL board of directors and president of investment firm Keystone Capital Company.