Chad Therapeutics (AMEX:CTU)
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From Jan 2020 to Jan 2025
CHAD Therapeutics, Inc. (AMEX:CTU) today announced the launch of
an advanced pneumatic oxygen conserver and its next-generation oxygen
transfilling system at the Medtrade show in Las Vegas.
CHAD's advanced BONSAITM pneumatic conserver is
an important addition to the Company's extensive line of oxygen
conserving devices. "With its sleek, lightweight design (less than 10
ounces), conserving ratio of up to 6:1, eight settings, and an
adjustable continuous flow feature, BONSAI reinforces CHAD's
longstanding leadership in the oxygen conserver market. A pneumatic
conserving device that offers a 6:1 savings ratio while ensuring
adequate oxygen saturation for patients is a groundbreaking
achievement," said President and CEO Earl Yager. CHAD currently expects
to receive FDA clearance to market and be able to begin shipping this
new device in May.
Yager continued, "CHAD's next-generation oxygen transfilling system, the
OMNI line, is a significant upgrade to CHAD's pioneering TOTAL O2®
Home Oxygen Delivery System that meets the needs of a broader range of
oxygen patients than ever before and gives homecare providers a powerful
tool to reduce operating costs and take advantage of the new Medicare
transfilling reimbursement category that took effect on January 1, 2007."
The OMNI 2 is designed for the specific requirements of pediatric
patients. The OMNI 5 offers increased oxygen delivery of up to 5 liters
per minute. In addition to providing stationary oxygen, both devices can
also refill a wide variety of portable oxygen cylinders in the patient's
home, thus eliminating the cost for the homecare provider and
inconvenience for the patient of having to periodically collect and
refill oxygen cylinders at a remote depot.
"Our new BONSAI and OMNI devices demonstrate CHAD's commitment to
technology that improves patient care while lowering operating costs for
homecare providers," the CEO added.
About CHAD Therapeutics
CHAD Therapeutics, Inc. develops, manufactures and markets respiratory
care devices designed to improve the efficiency of oxygen delivery
systems for home health care and hospital treatment of patients
suffering from pulmonary diseases. For more information, visit www.CHADtherapeutics.com.
Safe Harbor Statements under the Private Securities Litigation
Reform Act of 1995.
The foregoing statements regarding prospects for future earnings and
revenues, future sales trends and the introduction of products under
development are forward-looking statements that involve certain risks
and uncertainties. A number of important factors could cause
actual results to differ materially from those contemplated by such
forward-looking statements. These include the loss of one or more
major customers, increased competition, the introduction of new products
with perceived competitive advantages over the Company's products,
changes or proposed changes in health care reimbursement which affect
home care providers and CHAD's ability to anticipate and respond to
technological and economic changes in the home oxygen market. Moreover,
the success of the Company's products and products under development
will depend on their efficacy, reliability and the health care
community's perception of the products' capabilities and benefits, the
degree of acceptance the products achieve among homecare providers and,
with respect to products under development, obtaining timely regulatory
approval. Additional factors that could cause actual results to
differ materially from those contemplated in this press release can be
found in the Company's annual and quarterly reports filed with the
Securities and Exchange Commission under the caption "Outlook: Issues
and Risks."