Calypso® Medical’s Eric R. Meier Named Ernst & Young Entrepreneur Of The Year® 2008 Pacific Northwest Winner in the Health Care Life Sciences Category

Calypso® Medical Technologies, Inc. announced today that Eric R. Meier, president and CEO, was named the Ernst & Young Entrepreneur Of The Year® 2008 Pacific Northwest award recipient in the Health Services and Life Sciences category. The award recognizes outstanding entrepreneurs who are building and leading dynamic and growing businesses. Meier was selected by an independent panel of judges and the award was presented at an Ernst & Young Entrepreneur Of The Year gala on June 13, 2008 in Seattle, WA.

“I am honored to receive the prestigious Ernst & Young Entrepreneur Of The Year 2008 Award,” said Eric R. Meier, president and CEO of Calypso Medical. “This award is a real tribute to the contributions from our world class team at Calypso Medical, the commitment of our investors in the mission at hand, and the support from our customers and patients in the Calypso Medical platform as the pre-eminent product in which to ensure safe and accurate delivery of radiation for patients with solid tumors.”

Now in its 22nd year, the Ernst & Young Entrepreneur Of The Year awards program honors entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance, and personal commitment to their businesses and communities.

As recipient of the Pacific Northwest award, Meier is now eligible for consideration for the Ernst & Young Entrepreneur Of The Year 2008 national program, regarded by many to be the most prestigious business award for entrepreneurs. Award recipients in several national categories, as well as the overall national Ernst & Young Entrepreneur Of The Year, will be announced at the annual awards gala in Palm Springs, California on November 15, 2008. The awards are the culminating event of the Ernst & Young Strategic Growth Forum, the nation’s most prestigious gathering of high-growth, market-leading companies.

About The Ernst & Young Entrepreneur Of The Year® Program

Ernst & Young’s Entrepreneur Of The Year is the world’s most prestigious business award for entrepreneurs. The award makes a difference through the unique way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Ernst & Young Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 135 cities in 50 countries.

About Ernst & Young

Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 130,000 people are united by our shared values and an unwavering commitment to quality. For more information, please visit www.ey.com.

About Calypso® Medical

Calypso® Medical Technologies, Inc. (”Calypso”) is a Seattle, WA-based privately held medical device company. The Company’s proprietary tumor localization system utilizes miniaturized implanted devices (Beacon® electromagnetic transponders) to continuously, accurately, and objectively pinpoint the location of tumors for improved accuracy in radiation therapy. Calypso Medical addresses two major issues in modern radiation oncology: errors in treatment set-up and tumor motion during treatment. In addition, the Calypso® 4D Localization System’s™ non-ionizing electromagnetic guidance has been found to improve work flow efficiency and treatment room utilization. The technology is designed for body-wide cancers commonly treated with radiation therapy, including prostate, breast, lung, head, neck and other radiation therapy target organs. The products are FDA 510(k) cleared for use in the prostate and prostatic bed.

Contacts

Calypso® Medical Technologies, Inc.
Deborah Schauls, 206-330-2621
dschauls {at} calypsomedical(.)com
or
Schwartz Communications
Michele Fox or Krystin Hayward, 781-684-0770
Calypsomedical {at} schwartz-pr(.)com