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:12/9/2016)... ... 09, 2016 , ... The Pennsylvania Athletic Trainers’ Society (PATS) ... summer of 2016. The program was made possible by a Pennsylvania Department of ... Health and Human Services Administration. The broadcast, Use Your Head: Properly Managing ...
(Date:12/8/2016)... (PRWEB) , ... December 08, 2016 , ... ... Compensation Research Institute (WCRI) officially opened registration today for its 33rd Annual ... in Boston, MA . , The theme of the conference is “Persistent Challenges ...
(Date:12/8/2016)... PLAINS, N.Y., and JENNERSVILLE, Pa. (PRWEB) , ... ... ... to announce that Penn Medicine Southern Chester County, a Property owned by an ... The $23 million, 72,000 square foot Penn Medicine Southern Chester County ambulatory care ...
(Date:12/8/2016)... , ... December 08, 2016 , ... With the increasing ... the “What’s In Your Mouth?” (WIYM) campaign to inform dentists and patients about the ... the dental implant and prosthetic market in the U.S. is projected to reach $6.4 ...
(Date:12/8/2016)... Tampa, Fla (PRWEB) , ... December 08, 2016 ... ... offering smarter modes of access for customers and employees that are both engaging ... ChangeGear 7 with Service Smart Technology, the software company revealed today its plans ...
Breaking Medicine News(10 mins):
(Date:12/8/2016)... 8, 2016  Eli Lilly and Company (NYSE: ... phase 3 EXPEDITION3 trial at the 9 th ... disclosed, solanezumab did not meet the primary endpoint in ... in people with mild dementia due to Alzheimer,s disease ... solanezumab for the treatment of mild dementia due to ...
(Date:12/8/2016)... Bodycad announced it has been awarded ... reproducibility and speed for 3D constructs via MRI ... orthopaedic applications. These patents are critical to the ... based on each patient,s distinct anatomy. ... the world,s first suite of orthopaedic CAD/CAM software. ...
(Date:12/8/2016)... , Dec. 8, 2016  EIP Pharma, ... has obtained proof-of-mechanism for neflamapimod (previously code named ... Phase 2a clinical trials that demonstrated significant Alzheimer,s ... 302 (12-week treatment) and Study 303 (6-week treatment) ... Trials in Alzheimer,s Disease (CTAD) scientific conference in ...
Breaking Medicine Technology: