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Monday July 6, 12:52 pm Eastern Time
Company Press Release
SOURCE: Biocontrol Technology, Inc.
Biocontrol Preparing to Ship Diasensor 1000 Recently Approved for the European Market
PITTSBURGH, July 6 /PRNewswire/ -- Biocontrol Technology, Inc. (Nasdaq: BICO - news) announced today that it is preparing to ship the Diasensor(R)1000 noninvasive glucose sensor to the United Kingdom. As Biocontrol announced on Thursday, July 2, the Company was awarded approval to apply the CE Mark to the Diasensor. The CE Mark is recognized worldwide and allows marketing of product in almost every country of the world except the US.
The Company's European distributor, EuroSurgical, Ltd., has been informed of the approval and plans are being implemented by the two companies to begin a marketing campaign for the sensor in the UK.
Biocontrol President, David L. Purdy, said, ''The company expects quick orders from EuroSurgical and will make shipment within the week from immediately available inventory.''
The application of the CE Mark signifies that the device meets certain quality conformance standards and safety requirements in accordance with the Medical Device Directive established by the EU and that performance and efficacy was proven by data collected in the company's clinical trials. This level of product qualification became mandatory on June 14, 1998 for shipment of medical devices into the EU.
Biocontrol Technology, Inc. (www.bico.com) has its corporate offices in Pittsburgh, PA and is involved in the development and manufacture of biomedical devices and environmental products.
This press release contains statements of a forward looking nature. Shareholders and potential investors are cautioned that such statements are predictions and actual events or results may vary significantly.
SOURCE: Biocontrol Technology, Inc. |