Re: EMS - Eastland Medical Systems BEEN TOLD EMS HAS SIGNED CONTRACT
13 December 2006
International Medical Devices PLC
(“IMD” or the “Company”)
CE Marking granted and contract renewal
Highlights
· ClipOn safe needle receives CE Marking for sales and distribution in Europe
· Renewed contract with the Ministry of Defence for supply of Welch Allyn Defibrillators
International Medical Devices Plc (AIM: INT), the fast-growing medical supply company targeting the medical consumables, cardiorespiratory, acute and aged care markets, announces the completion of the CE Marking process on the ‘ClipOn’ safe needle, full launch of the product expected Q1 2007, and a further contract with Welch Allyn for the supply of the PIC 50 Portable Intensive Care Defibrillator Units to the Ministry of Defence (“MoD”).
ClipOn needles
On 12 December 2006, IMD received full CE Marking for the ClipOn safe needle. IMD owns the patents for ClipOn in the UK, Eire, Spain, Portugal, France, Italy, Greece, Austria, Belgium, the Netherlands, Luxembourg, Denmark, Sweden, Norway, Finland, the United States of America, Canada and Mexico. ClipOn is designed to eliminate needlestick injuries amongst healthcare professionals due to its revolutionary design that allows the ClipOn needle to attach to all standard syringes. The CE Marking now provides the Company with the legal certificate to sell and distribute ClipOn to healthcare markets throughout these countries. Product marketing and sales will commence in Q1 2007. IMD is also initiating an application for U.S. Food and Drug Administration (FDA) approval for ClipOn in order to target the North American markets in the second half of 2007.
Defibrillators
Response Medical, IMD’s wholly owned subsidiary has been supplying the Welch Allyn PIC 50 Defibrillators to the Ministry of Defence since 2001 and the MoD has renewed its contract, reaffirming the continued supply of the product. Due to its rugged yet lightweight design, it is ideal to be used by the MoD in operational zones as it is capable of withstanding the varying environmental conditions imposed by use in the defence forces.
Commenting on the latest product update, CEO Chris Thomas stated:
“The updated MoD contract with Welch Allyn demonstrates the reliability of our defibrillator range and we are very happy to continue our relationship with the Ministry of Defence. To receive the CE marking on our ClipOn safe needle is a significant step forward. ClipOn can become one of the principal products in driving the Company’s organic growth to help reach our goal of becoming one of the major medical distributors in the UK and Europe. We have already received orders from the NHS for ClipOn. With an estimated global market for unsafe needles of 6 billion needles per year, IMD’s challenge is to substitute Clip On in the key markets in Western Europe and the Americas, for which IMD owns the patents.”
ENDS
International Medical Devices
Chris Thomas
CEO
+44 203 008 4960
Corporate Synergy
Ian Rice
+44 117 933 0020
Parkgreen Communications
Victoria Thomas
+44 207 493 3713
Notes to Editors
About IMD:
International Medical Devices Plc was admitted to AIM in November 2004 with the purpose of acquiring companies or businesses operating in the health and medical devices sector which have the prospect of delivering high return and significant capital growth.
Since September 2005, IMD has made three acquisitions that, in its audited 2006 financial statements, gave the IMD group a pro forma turnover of in excess of £10million.
www.imd-plc.com
END