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Nephros Reports Third Quarter 2012 Financial Results
Date:11/8/2012

RIVER EDGE, N.J., Nov. 8, 2012 /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 and nine months ended September 30, 2012.

Recent Highlights

  • Year-to-date ultrafilter sales to our three target markets (Dialysis, Hospital and Military) of over $800,000 vs. approximately $600,000 for full year 2011
  • First shipment of over 1,300 ultrafilters to U.S. Military
  • First European ultrafilter order processed through Nephros International
  • Appointed Frank Zumbo, Denise Pappas and Stephen Bob as Regional Sales Managers to focus on ultrafilters in dialysis and hospital markets
  • New distributor agreements signed with Vantage Water and OnLine Sales for distribution of ultrafilters to dialysis and hospital markets
  • New Nephros website launched

"The third quarter was the best sales quarter to date for our ultrafiltration product portfolio," said John C. Houghton, President and CEO of Nephros.  "Our ultrafiltration product revenues for the first nine months of 2012 have already exceeded sales of this product line for all of 2011.  I am encouraged by these results and am enthusiastic about our positioning for the remainder of 2012 and into 2013."

"The recent expansion of our sales team and our newly executed distributor agreements are beginning to yield tangible results.  Ultrafiltration revenues for 2012 have been diversified across sales to the dialysis market, hospital market, and to the U.S. military.  We continue to evaluate additional candidates and distributors for our U.S. sales efforts as we continue to foster our ongoing cooperation with the U.S. military."

Third Quarter 2012 Fi
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SOURCE Nephros, Inc.
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