Covidien to acquire Oridion in all-cash transaction

• Covidien announces its intent to acquire Oridion Systems Ltd. in an all-cash transaction of USD 23 per Oridion share, representing total equity value of approximately USD 346 million for Oridion on a fully diluted basis

• Transaction has been unanimously recommended by each of Oridion’s and Covidien's Board of Directors

• Based on an exchange rate of CHF 0.9167 to USD 1.00 on April 4, 2012 the transaction price per Oridion share is equivalent to approximately CHF 21.08 and represents a premium of 91% to the volume-weighted average share price of the last 60 trading days and a premium of 76% to the closing price on April 4, 2012

• Covidien plans to integrate Oridion as a center of excellence in Capnography within its Medical Devices segment

News Release

Smart Capnoline Plus

The Smart CapnoLine® EtCO2 sampling lines offer unique, precise, and accurate sampling with improved performance for CO2 monitoring for the non-intubated patient.

The patented Uni-junction design guarantees correct sampling, especially for patients who are oral and/or nasal breathers. This is enhanced by the larger surface area of the Smart CapnoLine® Plus.

Smart CapnoLine® products include:

Smart CapnoLine® Plus

* For use in procedural sedation including GI procedures, critical care, ED and EMS

Smart CapnoLine® H Plus

* Specially designed to provide longer duration use
* Recommended for monitoring CO2 during pain management therapy
* One-size fits both large and medium-sized patients

Smart CapnoLine®

* For pediatric patient sampling
* For use in procedural sedation including GI procedures, critical care, ED and EMS

Smart CapnoLine® H

* For pediatric patient sampling
* For longer duration use
* Recommended for monitoring CO2 during pain management therapy

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Smart BiteBloc

The two-piece Microstream® CO2 Smart BiteBloc™, with detachable cannula, enables O2 delivery and CO2 monitoring during upper endoscopy as well as in the pre- and post-operative settings.

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The advantages of the new Smart BiteBloc™ include:

Enhanced patient safety during upper endoscopic procedures requiring a bite block. Continuous CO2 monitoring is now possible, without compromise of patient position or endoscopic technique.

Cost Effectiveness and Value with no need for a second cannula to be used prior to, or after the procedure. The Smart BiteBloc™ system provides a detachable cannula for continued O2 delivery and CO2 monitoring for as long as you need it. Three functions are performed with the Smart BiteBloc™ system: monitors CO2, delivers O2, and protects the endoscope. Additionally, the adjustable strap allows one size to fit all patients.

High performance qualities of the Smart BiteBloc™ include maintaining exceptional scope maneuverability and bite block stability throughout the procedure. Additionally, the Smart BiteBloc™ system delivers up to 5 liters of O2 without waveform dilution.

Capnostream 20

The Capnostream™ 20 is the latest Microstream® capnograph to enable effective, proven airway management by providing the earliest indication of airway compromise. The superior Microstream® measurement technology provides an accurate and reliable assessment of your patient's breathing quality, whether intubated or non-intubated.

Capnostream™20

Features and Benefits

* Dual parameter monitor
Supports the current standard of care providing CO2 and SpO2 measurements

* Simple user interface with color screen
Routine functions are accessed with 2 clicks

* 72 hour trends
Review patient history

* Event marking
Compare events and medication administration to changes in patient status

* Nurse call
Keeps you in touch with the status of your patients

* Internal printer
Convenient bedside documentation

Welch Allyn to Employ Oridion’s Microstream® Capnography

Jerusalem/Boston – April 10, 2007 – Oridion Systems Ltd. (SWX: ORIDN) and Welch Allyn, Inc. announced that they have signed an agreement that provides for Welch Allyn to employ Oridion Microstream® EtCO2 sampling technology (capnography) in its next generation patient monitoring products.

Microcap Plus

From the EMS unit to the Emergency Room, from the PACU to the ICU, from verifying intubation to continuously monitoring ventilatory status on all patients, the Microcap® Plus allows you to continuously monitor EtCO2 and SpO2 in any environment, any time, for any application.
These convenient portable monitors employ Microstream® technology with proven Nellcor O2 saturation technology to provide accurate, continuous capnography on intubated and non-intubated patients from neonate to adult and proven pulse oximetry. Combined with our patented FilterLine® circuits, and Nellcor’s wide range of SpO2 sensors, the Microcap® Plus allows for simultaneous "hassle free" EtCO2 and SpO2 monitoring.

Features & Benefits

Microstream® - 3rd generation CO2 technology - used with all patients, all applications, all environments

* CO2 specific light source - No routine user calibration, gas compensation for O2 or N2O, He zeroing required

* Full featured capnography - All the features of a bedside unit in a convenient portable design

* Full featured pulse oximetry - Provides continuous monitoring for SpO2 and pulse rate

* Small sample cell - Prevents mixing of non-C02 gases and supports high RR

* 50cc/min flow rate - Allows for use with neonates without competing for tidal volume. Assists in moisture / secretions handling (less occlusion issues). Non-intubated applications are easy and accurate

* Dual numeric display for numeric values for EtCO2 and respiration rate values with CO2 capnographic waveforms and on screen trends. Enables user to quickly assess airway integrity, ventilation and perfusion status

* Backlit LCD display - Monitor easily read in any lighting condition

* On screen trending - Provides historical view of changing patient condition

* Adjustable alarm limits for hi / low EtCO2, high FiCO2 respiration rate, SpO2 and pulse rate - Increases patient safety

* Alerts for FilterLine® disconnect, FilterLine® blockage and monitor status- Increases patient safety

* User selectable default settings - User customization for instrument settings: language, alarms, mmHg/%vol/KPa readings

* FilterLine® circuits - Widest range of patient dedicated circuits for all types of patients / all clinical applications offering superior moisture handling

* Nellcor SpO2 sensors - Widest range of patient dedicated SpO2 sensors; accurate, durable and versatile

* AC line / battery operation - For use in all short and long term clinical applications. Up to 6-hour "quick change" NiMH battery pack for extended transport

* Data management - Up to 14 hours internal trend memory at 5-sec resolution. RS232 output to printer, PC or Digital to Analog Converter