Published: January 26, 2010
Vivakor Announces Launch of New Product Research, VivaAuris
Vivakor, Inc. (OTCBB: VIVK) today announced
the launch of a research division, VivaAuris. In line with Vivakor's
emphasis on research and development of products in the areas of detection
and prevention, the VivaAuris division will focus on detection of auditory
conditions, which fits neatly with the Company's overall development
strategy. The first product in development for the newly launched division
is the Opti-Ear detection device, which will be used for at-home detection
of the symptoms of middle ear infections. This device is intended to assist
parents and caregivers in determining the need for further physician
examination.
Vivakor Executive Chairman, Matt Nicosia, discussed the timing and the
potential for this new division. "With the continuing efforts in our
VivaSight division's optics technology, the VivaAuris division was launched
to continue that progression in optics, but with a focus on auditory
conditions. The fact that we are able to develop new devices with
immediate commercial potential from shared technology, but in different
markets, is another validation of our technology commercialization model.
We believe the potential market for the Opti-Ear product could be greater
than $10 million annually." Clinical and validation studies are expected to
commence in summer of 2010.
About Vivakor, Inc.
Vivakor is a biomedical/biotechnology company with transdisciplinary
research that develops and acquires products in the fields of molecular
medicine, electro-optics, biological handling and natural and formulary
compounds, that extend or improve life. More information can be found about
Vivakor at www.vivakor.com.
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements, including, but
not limited to, statements regarding Vivakor's products, markets and
business strategies. Forward-looking statements may be identified by the
use of the words "anticipates," "expects," "intends," "plans," "should,"
"could," "would," "may," "will," "believes," "estimates," "potential," or
"continue" and variations or similar expressions. These statements are
based upon the current expectations and beliefs of management and are
subject to certain risks and uncertainties that could cause actual results
to differ materially from those described in the forward-looking
statements. These risks and uncertainties include, but are not limited to,
risks and uncertainties discussed in Vivakor's filings with the Securities
and Exchange Commission, which factors are incorporated herein by
reference. Readers are cautioned not to place undue reliance on any of
these forward-looking statements. Vivakor undertakes no obligation to
update any of these forward-looking statements to reflect events or
circumstances after the date of this press release or to reflect actual
outcomes.
Copyright © 2012, MarketWire
Copyright © 2012, NewsBlaze,
Daily News