TechAmerica and the Technology Association of Georgia Name Dr. Jay Yadav, CardioMEMS Founder & CEO as a Spirit of Endeavor Award Finalist

ATLANTA, Nov. 28, 2011 /PRNewswire/ -- CardioMEMS, Inc., an Atlanta-based medical device company that has developed and is commercializing a proprietary wireless sensing and communication technology for the human body, announced today that its founder and CEO, Jay Yadav, M.D., has been recognized as a finalist for the 9th annual Spirit of Endeavor Awards in the Technology Entrepreneur category. The awards are sponsored by TechAmerica and the Technology Association of Georgia (TAG) and will be presented at a banquet on Friday, December 9, 2011 at the Twelve Hotel in Atlanta.

The Spirit of Endeavor Awards honor technology companies and individuals in Georgia and acknowledge the drive and new ideas that invigorate the community and lead to technology adoption. The Technology Entrepreneur category is specifically awarded to an individual who has brought technology to the market and demonstrates entrepreneurial achievements to the technology industry. The nominees for each award category will be presented to a panel of experts among the technology industry for selection prior to the banquet. The finalists and winners for each category will be announced and recognized at the banquet itself.

Dr. Yadav, an interventional cardiologist, founded CardioMEMS in 2000 to develop new devices to improve the management of chronic cardiovascular diseases such as heart failure. Dr. Yadav's most recent success is the Champion® Heart Failure Monitoring System, the first permanently implantable, wireless, battery-free device that provides crucial cardiac information from home for patients suffering from heart failure.  In 2010, CardioMEMS completed its clinical trial for the Champion System, demonstrating a significant reduction in heart failure related hospitalizations.

TechAmerica is partnering with the TAG Education Collaborative for the Spirit of Endeavor Awards. A portion of the proceeds will benefit the TAG-Ed program. More information on the 2011 Spirit of Endeavor Awards and the banquet on December 9 can be found at http://www.tagonline.org/Spirit-of-Endeavor.php.

About CardioMEMS, Inc.

CardioMEMS is a medical device company that has developed and is commercializing proprietary wireless sensing and communication technology for the human body. The company's technology platform is designed to improve the management of severe chronic cardiovascular diseases such as aneurysms, heart failure, and hypertension. CardioMEMS miniature wireless sensors can be implanted using minimally invasive techniques and transmit cardiac output, blood pressure and heart rate data, which are critical to the management of patients. The sensors are designed to be permanently implanted into the heart and blood vessels due to their small size, durability and lack of wires and batteries. Using radiofrequency (RF) energy, the sensors transmit real-time data to external electronic readers, which then communicate this information to the patient's physician. CardioMEMS developed this technology based on the belief that frequent, on-demand, real-time monitoring of vital information enables proactive patient management, which holds the promise of reducing hospitalizations, improving a patient's quality of life and delivering more efficient and cost effective health care. More information about CardioMEMS is located at www.cardiomems.com.

Statements made in this press release that look forward in time or that express beliefs, expectations or hopes regarding future occurrences or anticipated outcomes are forward-looking statements. A number of risks and uncertainties such as risks associated with product development and commercialization efforts, expected timing or results of any clinical trials, ultimate clinical outcome and perceived or actual advantages of the Company's products, market and physician acceptance of the products, intellectual property protection, and competitive offerings could cause actual events to adversely differ from the expectations indicated in these forward looking statements.

CardioMEMS, Champion and the CardioMEMS logo are registered trademarks of CardioMEMS, Inc.

Caution: The Champion Heart Failure Monitoring system is an investigational device limited by federal law to investigational use.

SOURCE CardioMEMS, Inc.

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