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Protectus Medical Devices Receives U.S. Patent for Its Safety Syringe
Wednesday, September 22, 2010
Minneapolis, MN -- Protectus Medical Devices, Inc. (OTCQB: PTMD) (PINKSHEETS: PTMD), a developer and marketer of innovative safety medical devices, announces that the Company has been granted U.S. patent No. 7,799,002 ("Safety Syringe") by the U.S. Patent and Trademark Office. This grant provides 20 years of patent protection for the unique spring structure and the Company's new automatic, self-sheathing Safety Syringe.
Protectus CEO, John Salstrom, Ph.D., said, "Because the spring is a central feature of the other devices in our Company's development pipeline -- namely, two Safety Dental Syringes, a Safety IV Catheter and a Safety Phlebotomy Device -- this patent also provides 20 years of patent protection for each of these devices, in addition to the patent protection that each will have pending issuance of individual patents filed or to be filed for each device."
In addition to the unique features of the plastic spring covered by this patent, the Protectus Safety Syringe functions as a fully automatic, self-sheathing syringe, as specified by the OSHA mandate, that can be used in essentially all applications requiring the use of hypodermic syringes, e.g., intramuscular, intravenous and subcutaneous.
The Protectus Safety Syringe will be priced at the low end of the spectrum of safety syringes currently available in the marketplace, such that the Protectus Safety Syringe will be easily distinguished from others on the basis of its features, ease of use and cost, the latter so as to not impose pricing barriers on market entry.
In addition to being a cost-effective, automatic, self-sheathing device, the Protectus Medical Safety Syringe:
- Functions as a standard hypodermic syringe with its added safety features
- Has a "passive" safety feature which automatically covers the needle
- Requires no activation to become locked and safe if intentional control is lost
- Is user-friendly and requires only minimal training and in-service instruction
- Allows the needle to be changed safely without exposing an unprotected needle
- Has a permanent lock that is easily deployed after injection
- Complies with federal and state laws and the OSHA mandate
- Will accept any and all manufacturers' needles of all common sizes using Luer Lock fittings
The family of Protectus Safety Syringes, including the two Safety Dental Syringes, the Safety IV Catheter and the Safety Phlebotomy Device, should prevent needlestick injuries and save the lives of doctors, nurses and healthcare workers across the nation and worldwide.
About Protectus Medical Devices, Inc. (formerly E-18 Corp.)
Protectus Medical Devices, Inc. (OTCQB: PTMD) (formerly, E-18 Corp.), operating through its wholly owned subsidiary, SquareOne Medical, Inc., develops and markets innovative safety medical percutaneous devices that, collectively, have the potential to dramatically reduce needlestick injuries for medical professionals worldwide. In the nearly $5 billion global hypodermic syringe market, the Protectus Safety Syringe, the Company's lead product, is the only fully automatic, self-sheathing hypodermic safety syringe that currently meets the functional definition of "Self-sheathing" mandated by the U.S. Federal Government. None of the manufacturers of other devices on the market can make this claim. Protectus Medical Devices has successfully patented its automatic, self-sheathing hypodermic safety syringe product, and, based on the results of full comparison clinical trials, the Protectus Safety Syringe (formerly the SquareOne Safety Syringe) has received the required 510(k) permission from the U.S. FDA to manufacture and market the device in the U.S. More information about the Company may be found at www.protectusmedical.com.
This release contains "forward-looking statements" for purposes of the Securities and Exchange Commission's "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause the business and financial results of Protectus Medical Devices, Inc. to differ materially from those currently anticipated, including the risk factors identified in the filings of Protectus Medical Devices, Inc. with the Securities and Exchange Commission.
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