If I am the only one on this thread anymore, I can stop posting this stuff......
Specialized Health Products International, Inc. Announces
Allowance of Three New Safety Needle Patents
BOUNTIFUL, Utah--(BW HealthWire)--June 14, 1999--Specialized Health Products International, Inc. (NASDAQ: SHPI - news) today announced its
wholly-owned subsidiary, Specialized Health Products, Inc. (''SHP''), received allowance on three new medical safety needle patents. Each of the newly
allowed patents provides needle protection in different product areas, including SHP's ExtreSafe® products, FlexLoc(tm) safety sheath products and
winged steel needle products. SHP currently has thirteen patents which protect its safety needle technologies, two patents associated with its ExtreSafe®
lancets and seven Safety Cradle® sharps container patents. SHP has additional patents pending.
SHP now has 12 different and cost-effective safety technologies designed to provide needle safety to healthcare workers. The broad scope of these
protective needle technologies permits effective application in the development of safety phlebotomy devices, safety winged steel needles, safety IV
catheters, safety introducer needles, prefilled safety syringes, safety dental needles, safety donor blood collection sets, safety fistula needle sets, safety
epidural and spinal needles, safety huber needles, safety opthalmic needles, safety laparoscopy sets/needles, and sharps containers and sharps container
packaging and disposal systems. Many of these safety devices are currently under development.
David A. Robinson, President and CEO of SHPI commented, ''I consider our two newest advances in safety needle product areas, which include multiple
safety syringe/syringe needle applications and various safety specialty needle devices, to be the most exciting product developments in the history of the
company and they strengthen our competitive advantage. These two general product areas are projected to raise the non-safety market from $235 million
in the U.S. to a projected U.S. safety market of approximately $840 million by 2005. SHPI's challenge, today, is keeping a stern focus on products under
development while responding to the ever increasing opportunity to satisfy the new legislative based need for safety needle products in all critical areas. I
am very impressed with the effort our entire staff is expending every working day to successfully meet this challenge.''
About Specialized Health Products International, Inc.
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