Monday March 11, 7:46 am Eastern Time
Press Release
SOURCE: Allegent Growth Strategies International
UNIVEC Acquires Thermal Waste Technologies, Inc., Manufacturer of the ``Demolizer,'' a Patented Medical Waste Disposal Unit Designed To Eliminate Carting of Red Bag and Sharps Waste In Medical Offices
FARMINGDALE, N.Y.--(BUSINESS WIRE)--March 11, 2002-- Farmingdale-based Univec, Inc. (OTCBB: UNVC - news) a leading supplier of patented auto-disable and safety syringes and drug sampling programs for pharmaceutical companies, today announced the acquisition of Thermal Waste Technologies, Inc. (TWT) of Danbury, CT.
TWT's founder, Jon Bricken, has assumed the position of Vice President of Univec, and will be responsible for sales of the Demolizer in U.S. and foreign markets.
The Demolizer, about the size of a small microwave oven, automatically converts red bag and sharps waste inside a sealed container into sterilized waste that can be discarded as ordinary solid waste. All waste is placed in a disposable one-gallon container that sits inside the unit, which contains the sterilizer and the anti-viral, anti-bacterial and ant-odor filtration system.
Regulatory Approvals
The unit meets OSHA regulations and has passed efficacy testing performed by Stanford University, Leberco Testing Inc., and Valley Medical Laboratories under a protocol approved by the New York State Department of Health. The unit has also passed the ``Microbial Survivability Test for Medical Waste Incinerator Emissions.'' The Demolizer is approved by state boards of health and departments of environment in 43 states, and is pending approval in two states.
About TWT
TWT has developed and obtained regulatory approvals for the Demolizer during the past several years while establishing an outsourced manufacturing capability that ensures production volume on any scale. Currently the company has placed approximately 100 units in clinics and physicians' offices. Experience indicates the Demolizer achieves a six-month ROI when compared to the cost of carting red bad and sharps waste off premises. In addition, by rendering medical waste that can be discarded as ordinary solid waste, the Demolizer reduces liability exposure and potentially the insurance premiums of medical offices.
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