MINNEAPOLIS, July 8 Protectus Medical Devices, Inc. (OTCQB: PTMD), developer and marketer of innovative safety medical devices, announced today it has received Notice of Allowance from the US Patent and Trademark Office on its patent application describing a spring-activated, automatic, self-sheathing Safety Syringe, a major step toward it becoming the gold standard in safety syringe devices.
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Dr. John Salstrom, CEO, said the unique spring-activation feature distinguishes the Protectus Safety Syringe and its entire line of safety needle devices from all others and, like no other, has the very real potential to significantly reduce accidental needlestick injuries automatically without any action by users.
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Jack Dillard, COO and inventor of the Protectus/SquareOne Medical Safety Syringe and its family of safety needle devices, said, "The key elements of this patent provide coverage for the spring responsible for the automatic deployment of the Protectus safety technology that keeps users, patients and other healthcare workers safe during and after use without having to perform any conscience action."
Protectus also announced today the filing of its patent application for a Safety IV Catheter/Cannula Introducer. This device, along with the Protectus Safety Dental Syringe (patent application previously announced), both employ the same spring-activated safety features as the Protectus Safety Syringe, as does the soon-to-be announced Protectus Safety Phlebotomy device. All three devices will benefit significantly from the additional coverage provided by claims allowed in the new patent referenced by the above-mentioned Notice of Allowance, in addition to claims allowed for each device application.
The innovative Protectus Safety Syringe is designed to significantly reduce accidental needlestick injuries that have plagued the healthcare workplace for decades. When issued, the patent will have a lifespan of 20 years, prohibiting the use of similar designs that include a spring to automatically deploy a safety feature. This addition to the intellectual property of Protectus Medical Devices will affect and additionally protect all safety needle devices the company is developing.
For information contact JP Hervis 561-750-9800 x217 or [email protected].
About Protectus Medical Devices, Inc. (formerly, E-18 Corp.)
Protectus Medical Devices, Inc. (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.
Forward-Looking Statements
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 Protectus Medical Devices, Inc.'s filings with the Securities and Exchange Commission.
SOURCE Protectus Medical Devices, Inc.
