OxyBand Technologies Signs Army Contract ( SAN FRANCISCO May 9 /- OxyBand Te...)

OxyBand Technologies Signs Army Contract

Date:5/9/2008

SAN FRANCISCO, May 9 /PRNewswire/ -- OxyBand Technologies, Inc. today announced that it has signed a contract with the United States Army to evaluate the company's patented cutting edge wound healing technology for battlefield and other military wounds. OxyBand Technologies has developed a proprietary wound dressing that delivers pure oxygen gas into wounds for faster healing. The OxyBand dressing has been shown in clinical trials to accelerate healing and, in laboratory testing, to reduce bacteria for infection. The OxyBand Wound Dressing has received FDA 510(k) clearance for both prescription (Rx) and over the counter (OTC) marketing.

"This initial contract with the Army establishes a great position for OxyBand to further demonstrate the OxyBand wound healing prowess and moves us closer to our goal of providing a real benefit to the men and women defending our country," said Dr. Amie Franklin, CEO of OxyBand Technologies.

OxyBand Technologies has developed a proprietary technology for packaging pure oxygen into a discrete wound dressing using directionally permeable gas- emitting reservoirs. The resulting dressing has been shown in randomized, controlled double-blind trials to significantly accelerate wound healing, reduce inflammation, redness and pain through the direct and sustained application of pure oxygen over several days.

Funding under this new Army contract is for an evaluation of OxyBand dressings for accelerated healing of battlefield and other wounds, which is of concern to the U.S. military. OxyBand anticipates beginning work under the contract with the United States Army Medical Research and Material Command (USAMRMC) immediately. The clinical study evaluating OxyBand Dressings will be conducted at the United States Army Institute for Surgical Research, (USAISR) which is a part of the USAMRMC and is co-located with Brooke Army Medical Center.

"As part of our overall program to improve the care given to wounded mili
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