Published: September 09, 2009
MedPro Safety Products Completes Testing of VACUETTE PREMIUM Safety Needle
LEXINGTON, Ky. - (BUSINESS WIRE) - MedPro Safety Products, Inc. (OTCBB: MPSP), a pioneer in the development
and marketing of passive needlestick injury prevention technology,
announced today it has completed preliminary testing and regulatory
requirements for the VACUETTE PREMIUM Safety Needle System Tube-Touch
model, a single-patient, multiple sample blood collection safety needle
system. The VACUETTE product now meets FDA requirements, ISO
requirements, customer and MedPro stipulated testing protocols, and
safety and efficacy standards. MedPro offers products which comply with
the Federal NeedleStick Safety and Prevention Act of 2000 in that they
are fully passive, enabling the safety mechanisms to be automatically
activated.
The Company announced in July 2008 that a premier international
manufacturer and supplier of medical products signed an agreement for
the exclusive rights to manufacture, market and distribute this safety
needle system. MedPro and the manufacturer later extended the original
agreement to incorporate all of the Company's products in the phlebotomy
market segment, which include a tube and skin activated model, both FDA
510(k) cleared, as well as its wing safety model. MedPro is developing
other products for intravenous, clinical healthcare and pharmaceutical
markets.
"This is a key milestone for MedPro. Our business model is to develop,
design and begin product assembly, then partner our needle safety
technology with a recognized market leader who will take over commercial
high volume production and distribution," said MedPro's President and
COO Walter Weller. "We are on track to deliver this product to our
partner on time. We currently expect to record revenue from sales in the
fourth quarter of 2009. The phlebotomy market is estimated to use
approximately 700 million units in the United States and 1.5 billion
units worldwide."
According to Dr. Joel Swanson, of Pittsburgh, "Roughly 83 percent of the
nation's acute-care facilities use some form of safety blood collection
device, such as VACUETTE. The system is unique in that it is "fully
passive." The operator cannot draw blood without having engaged the
safety system. I am not aware of any other superior blood collection
devices being developed in the phlebotomy market."
About MedPro Safety Products, Inc.
Headquartered in Lexington, Kentucky, MedPro Safety Products, Inc.
(OTCBB: MPSP) has developed and acquired a portfolio of medical safety
products incorporating proprietary needlestick prevention
functionalities. For additional information, please refer to the
'Investor Relations' link on the Company's website (http://www.medprosafety.com).
Safe Harbor Statement
This release includes forward-looking statements based upon current
expectations of the management of MedPro Safety Products, Inc. that
involve risks and uncertainties, such as plans, objectives, expectations
and intentions. Actual results and the timing of events could differ
materially from those anticipated in these forward- looking statements
as a result of a number of factors, including our ability to identify
and acquire medical safety device safety technologies with product
development potential; our ability to successfully develop and bring
products to market, including obtaining regulatory approvals; our
ability to successfully increase sales of our products; our ability to
obtain additional financing on satisfactory terms; our ability to
attract and retain qualified employees; and governmental regulation
associated with the medical safety products industry. Words such as
"anticipate," "estimate," "plan," "continuing," "ongoing," "expect,"
"believe," "intend," "may," "will," "should," "could," and similar
expressions are used to identify forward-looking statements. We refer
you to the more detailed discussion of risks and uncertainties under
"Risk Factors" in our Annual Report on Form 10-K and our other reports
on file with the Securities and Exchange Commission.
Investor:
EVC Group
Doug Sherk/Stacey Fisher/Mike Pollock
415-896-6820
or
Media:
EVC
Group
Steve DiMattia, 646-201-5445
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