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Share Name | Share Symbol | Market | Type |
---|---|---|---|
American Shared Hospital Services | AMEX:AMS | AMEX | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.03 | 0.93% | 3.25 | 3.27 | 3.23 | 3.27 | 7,382 | 01:00:00 |
RNS Number:2283M Advanced Medical Solutions Grp PLC 12 June 2003 For Immediate Release: 07:00 Thursday 12th June 2003 Advanced Medical Solutions Group plc ("AMS" or the "Company") and Hardwood Products Company LP ("Hardwood") announce technology partnership for a range of medical adhesive products Winsford, UK: AMS, the global woundcare technology company and Hardwood, a leading US manufacturer of medical and diagnostic products, today announce a technology partnership. Under the terms of this agreement, AMS will have an exclusive license for Hardwood's novel popule delivery system for use with medical cyanoacrylates. This popule technology will be combined with AMS' MedLogic cyanoacrylate medical adhesive to create products that offer controlled application of a liquid film for protecting skin from breakdown and for treating minor wounds in the Professional Woundcare, Consumer and Sports markets. Hardwood will be responsible for filling into their popule delivery system, AMS's proprietary cyanoacrylate medical adhesive, and AMS will have exclusive worldwide distribution rights, except in the US where Hardwood will also be able to distribute the products into the Professional woundcare market under its Puritan brand. It is expected that distribution into the Professional market of products resulting from the combination of these technologies will start in Q3 2003 and into the Consumer and Sports markets in Q4 2003. Commenting on this partnership, Terry Young, Managing Director of Hardwood, stated: "Our popule applicator is widely used for easy and convenient delivery of medical solutions for cleaning and treating skin such as alcohol and iodine. I am delighted that we can now add cyanoacrylate adhesives to our product range by partnering with a leader in this technology." Dr. Don Evans, Chief Executive Officer of AMS added: "The use of cyanoacrylate based adhesives for protecting skin from breakdown in a wide variety of areas ranging from nursing homes to sports and as liquid bandages for treating minor cuts and abrasions is growing rapidly. A key for the successful use of these materials is precise, controlled application as thin films and this is achieved with Hardwood's popule design." "This deal is a key component in AMS bringing new and improved products to market through its sales and distribution partners." - ENDS - For further information, please contact: Advanced Medical Solutions Group plc Tel : +44 (0) 1606 863 500 Don Evans, Chief Executive www.admedsol.com Buchanan Communications Tel: +44 (0) 207 466 5000 Nicola How / Fergus Mellon Notes to Editors: Advanced Medical Solutions is a leading company in the development and manufacture of products for the #15 billion global woundcare market. Founded in 1991 and currently quoted on AIM, Advanced Medical Solutions is focused on the design, development and manufacture of innovative and technologically advanced products for woundcare and other medical applications. In-house natural and synthetic polymer technology is used to provide advanced wound dressings based on the moist healing principle. AMS's resources ensure a unique position as a vertically integrated 'one stop shop' to provide all categories of moist wound healing products. The Company has the capability to move from product design and development through to production and delivery ready for distribution into customer markets. The acquisition of MedLogic in 2002 has brought AMS products and technology in cyanoacrylate based tissue adhesives and sealants sold direct to A & E departments or through distributors. AMS's technology and products currently serve the majority of the key global markets with strategic partners including 3M, Novartis, Johnson & Johnson, Molnlycke Healthcare, Coloplast, Smith + Nephew and Beiersdorf. Hardwood - Puritan Medical Products Company LLC manufactures, and markets and distributes Puritan(R) brand products. Puritan Medical Products Company LLC also manufactures private brand disposable medical and diagnostic products for the world's largest distributors of healthcare products and leading diagnostic product companies. The Puritan brand has an 84-year history, evolving from a line of wood products to include state-of-the-art products designed for use in medical, diagnostic, clean room, and industrial settings. The single-use products include tongue depressors; foam-, rayon- and cotton-tipped swabs; polyester-tipped diagnostic applicators, and more. Puritan products are manufactured at the Guilford, Maine facility, which is ISO 9002 registered and CE-mark certified for European distribution. Puritan(R) is recognised as the brand leader in high-quality products and constant innovation, as well as in customized products. For example, the Puritan DNA Sponge, a urethane foam-tipped swab, was featured in the Journal of Forensic Sciences for its superior ability to recover DNA from miniscule blood samples collected at crime scenes. And the revolutionary Puritan Popule Self-Saturating Swab combines solution and a swab in one efficient package. For more information, visit the Company's website at www.hwppuritan.com This information is provided by RNS The company news service from the London Stock Exchange END AGRNKDKBKBKBFAD
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