Navigation Links
American Scientific Resources Signs Letter of Intent to Acquire Intellectual Property
Date:8/26/2009

WESTON, Fla., Aug. 26 /PRNewswire-FirstCall/ -- American Scientific Resources, Inc. (Pink Sheets: ASFX) (the Company), today confirmed that it has signed a letter of intent to acquire the intellectual property to the Disintegrator home needle destruction device (NDD) (U.S. Patent No. 6,384,362 Patent Application No.: 09/500,504).

American Scientific Resources will, upon closing, hold the rights to the patent, a property of Safeguard Medical Technologies. The Company is seeking the rights to the patent as part of ASR's plan to introduce the product commercially in the fall of 2009. Specific terms have not been disclosed pending successful negotiation of the agreement.

Currently the only FDA approved NDD for home use, the Disintegrator enables patients who give themselves injections, including those suffering from multiple sclerosis or diabetes, to properly and safely dispose of needles at home. The device is approved by the EPA and the American Diabetes Association.

Safeguard has already delivered a purchase order for 5000 units to one of the world's leading healthcare enterprises in March of 2009; since then, the global enterprise has placed an additional order for 2000 units which American Scientific Resources will fill. Safeguard practices a form of just-in-time productivity, matching production to its needs based on order size. In order to achieve fulfillment, production is planned to ramp up by year's end with full production capability exceeding 20,000 units per month.

A congressional bill (S, 1312) is pending which would amend Title XVIII of the Social Security Act to provide for coverage, as supplies associated with the injection of insulin, of containment, removal, decontamination, and disposal of home-generated needles, syringes, and other sharps through a sharps decontamination/destruction device or similar program under part D of the Medicare program.

About American Scientific Resources, Inc.

American Scientific Resources, Inc. is a holding company for two wholly owned subsidiaries, Kidz-Med, Inc. and Heart Smart System. The Company's objective is to locate and acquire innovative health and safety products that are successfully sold abroad, and to introduce and promote them to the North American market.

More information about the Company, including financial information, can be found on the ASFX web site at www.americansci.com. For product information, visit the Company's subsidiary, Kidz-Med, Inc. at www.kidzmed.com.

Safe Harbor

This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.

    Contact
    AudioStocks.com
    Ronald Garner
    Investor Hotline:
    619-293-0621
    ron@bcgu.com


'/>"/>
SOURCE American Scientific Resources, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Tips from the American Journal of Pathology
2. American Brain Tumor Association Statement on the Death of U.S. Senator Edward M. Kennedy
3. VA Chiefs Vow to The American Legion: We Will End Vet Homelessness.
4. American Community Introduces Latitude(TM) Health Plan for Employer Groups in Nebraska
5. Despite H1N1 Flu Threat, Most Americans Havent Increased Hand Washing
6. American Medical Association Launches e-Book Strategy with iPublishCentral from Impelsys
7. Thomson Reuters Survey: Americans Skeptical that Healthcare Reform Will Improve Quality or Affordability
8. American Beverage Association Response to American Heart Association Statement on Added Sugars
9. The American Legion Calls for Revamping and Expansion of Veterans and Military Health Care
10. RetireSafe calls the Seniors Health Care Bill of Rights the Real Cure for Older Americans
11. American Lung Association in Minnesota: Motorists Can Get 85 Cents a Gallon E85 Fuel in Woodbury, Minn.
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/4/2016)... ... May 04, 2016 , ... All-Star Insurance ... to assist the people of their local community. The agency pledges to select ... leaders. Their hope is to bring awareness to important local causes with fundraising ...
(Date:5/4/2016)... ... May 04, 2016 , ... ... breastfeeding for nursing mothers. The company’s patented technology, The Smart Breastfeeding Meter, is ... company announced that the technology is now available for purchase at Target.com ...
(Date:5/4/2016)... (PRWEB) , ... May 04, 2016 , ... ... and the pharmacy industry, today announced that it was chosen as the Pharmaceutical ... (APPA) Industry Awards . The awards acknowledge the hard work and dedication of ...
(Date:5/4/2016)... Prairie du Sac, Wisconsin (PRWEB) , ... ... ... The OMNIFORCE collection delivers next-level compression and support for knees, ankles, and ... a great value. , Innovative 3D flat-bed manufacturing (opposed to ineffective circular ...
(Date:5/4/2016)... NORFOLK, MA (PRWEB) , ... May 04, 2016 ... ... Service Corporation, today announced that they acquired Pocono Sterilizer, an equipment sterilization service ... disclosed. DESCO Medical Service currently provides medical and research-related equipment and asset management ...
Breaking Medicine News(10 mins):
(Date:5/3/2016)... May 3, 2016 BioNovus Innovations LLC ... for Advancing Medical Innovation (IAMI) today announced a ... diagnostics and medical devices. An agreement ... rights to license, develop and commercialize medical innovations ... "This partnership represents a significant advance in ...
(Date:5/3/2016)... , May 3, 2016 ACME ... Jack Whelan and Delaware County Councilman ... HCI) Nasal Spray in all ACME pharmacies ... Centers for Disease Control and Prevention (CDC), naloxone has saved 26,463 ... police officers in Delaware County were authorized ...
(Date:5/3/2016)... May 3, 2016   Diplomat Pharmacy, Inc. (NYSE: DPLO) announced today that it is celebrating ... video of two patients who tell their personal story and encourage those at risk to ... Meet Jacque: Hepatitis C ... ... Diplomat Specialty Pharmacy (PRNewsFoto/Diplomat Pharmacy, Inc.) ...
Breaking Medicine Technology: