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Nephros Reports First Quarter 2013 Financial Results
Date:5/8/2013

RIVER EDGE, N.J., May 8, 2013 /PRNewswire/ -- Nephros, Inc. (OTC Bulletin Board: NEPH), a commercial stage medical device company that develops and sells high performance liquid purification ultrafilters, announced today financial results for the three months ended March 31, 2013.

Recent Highlights

  • 42% increase in water filter sales Q1 2013 versus Q1 2012
  • Received €600,000 license payment from Bellco S.r.l
  • Commenced Rights Offering and Temporary Reduction in Exercise Price for March 2011 Warrants
  • Introduced BACTiglas™ into the plastic casing of our hospital ultrafilters enabling them to be bactericidal to any touch contamination or any growth on the surface of the plastic in addition to their water treatment effect
  • Signed non-exclusive distributor agreement with Chem-Aqua, Inc. to distribute Nephros's ultrafilters in U.S healthcare facilities
  • Nephros Dual Stage Ultrafilter and SafeSpout added to GSA Schedule and listed on GSA Advantage!®
  • U.S. Army completed initial evaluation of Nephros proposal for Individual Water Purification device and found proposal to be within the competitive range to commence negotiations - Received order for 180 of our IWPD to be used as test assets during the Limited User Evaluation phase

"The first quarter of 2013 showed continued growth in our water filtration business," said John C. Houghton , President and CEO of Nephros.  "We continue to make improvements and enhancements to our products and distribution channels in order to provide optimal products to our customers.  Our continued efforts to make products available to Federal and other Government customers has culminated in our inclusion on a GSA schedule and further progress
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SOURCE Nephros, Inc.
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