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Nephros Reports First Quarter 2012 Financial Results
Date:5/15/2012

icker=STE"> STE) and anticipates completion of the final milestones under the agreement during 2012.  The remaining milestones, if met, would result in aggregate payments to Nephros of $60,000.

Military ApplicationsIn response to a Special Notice Announcement from the U.S. Army, Nephros submitted its Individual Water Treatment/Purification Device (IWTD) containing the Nephros proprietary ultrafilter technology for consideration as part of a standard issue personal hydration pack for soldiers in the field.  Nephros has been informed by the Military Government Review Agency that its IWTD has been validated to meet the military's NSF P248 standard for emergency military operations as a microbiological water purifier.  During the week of April 30, 2012, Nephros presented its IWTD as part of the Experimental Forward Operating Base (ExFOB 2012-1) demonstration and assessment event at Camp Lejeune in North Carolina.  The IWTD was evaluated by approximately 100 U.S. Marines who then provided feedback about the product via questionnaires.  At the same event the IWTD was also evaluated for performance by a Military Assessment Team.  Following the evaluation it is expected that the Military will make recommendations for future potential use.  The Special Notice Announcement indicated that an official Sources Sought solicitation would be released; however, this has not been published at this time.  In the interim; however, Nephros has received a purchase order for 1,000 IWTD's from the U.S. Army, Natick Contracting Division.

About Nephros, Inc.Nephros, Inc., headquartered in River Edge, New Jersey, is a global medical device company developing and marketing liquid filtration products for therapeutic applications and water purification.  The Nephros Hemodiafiltration (HDF) system is intended to address the critical financial and clinical needs of the care provider.  The Nephros Dual Stage Ultrafilter (DSU)
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