E-Z-EM (NASDAQ:EZEM)
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From Dec 2019 to Dec 2024
E-Z-EM, Inc. (NASDAQ:EZEM) today announced that the U.S. Army
Space & Missile Defense Command (USASMD) has placed an additional order
for the Company’s RSDLTM
personal skin decontamination product. The approximately $8 million
order is the second such order placed by the U.S. Department of Defense
(DoD) since it issued Milestone C approval for the product, and is the
largest single order for RSDL the Company has received to date. The
Company expects to ship and invoice for the order by April 2008 with
resulting revenues recognized as the product is shipped.
Commenting on the announcement, Anthony A. Lombardo, President and CEO
of E-Z-EM, said, “We are especially pleased
with this order as the DoD has exceeded our original estimate for
procurement of RSDL in the government’s 2007
fiscal year. Additionally, we are pleased the DoD placed this follow-on
order so quickly after their initial procurement of RSDL in March of
2007. We believe this demonstrates the importance with which the DoD
views RSDL and its ability to provide our troops with improved
protection against chemical weapons agents.”
About RSDL
RSDL is a patented, broad spectrum skin decontamination product intended
to remove or neutralize chemical warfare (CW) agents or T2 toxins from
the skin. RSDL was originally developed and patented by Defence Research
and Development Canada, an agency within the Canadian Department of
National Defence, for use by the Canadian Forces. RSDL has since been
adopted by several military services around the world. RSDL is produced
by EZEM under a License with Defence Research and Development Canada
(DRDC). RSDL has since been adopted by several military services around
the world.
RSDL received Milestone C approval from the Joint Program Executive
Office for Chemical Biological Defense (JPEO-CBD), a decision that
cleared the way for procurement by the individual service branches of
the DoD. The US Food and Drug Administration (FDA) issued 510(k)
clearance for RSDL in March of 2003. The U.S. DoD began final
configuration testing on the product in November of 2003 and authorized
the sale of RSDL to first responder organizations in September of 2004.
In September 2006, RSDL was awarded Safety Act certification by the U.S.
Department of Homeland Security (DHS), which extends certain liability
protections to the Company and its suppliers and customers (whether
public or private) in the event RSDL is used in response to a terrorist
incident.
About E-Z-EM, Inc.
E-Z-EM is a publicly traded healthcare company founded in 1962, and has
since established itself as one of the most recognized brands in
diagnostic imaging of the GI tract. From the first barium contrast
systems introduced over 40 years ago, to today's advanced products for
CT imaging and virtual colonoscopy, E-Z-EM has continually developed
innovative imaging and diagnostic solutions for physicians treating GI
diseases. E-Z-EM is also a respected contract manufacturer of
specialized liquid products, and has been the exclusive global
manufacturer of RSDL™ since 1996. In April of
2005, E-Z-EM completed the acquisition of all assets associated with
RSDL, and now is the product's exclusive worldwide marketer to
first-responder organizations and military services.
The statements made in this document contain certain forward-looking
statements. Words such as “expects,”
“intends,” “anticipates,”
“plans,” “believes,”
“seeks,” “estimates”
or variations of such words and similar expressions, are intended to
identify such forward-looking statements. The forward-looking statements
contained in this release may involve numerous risks and uncertainties,
known and unknown, beyond the Company’s
control. Such risks and uncertainties include: the ability of the
Company to develop its products, placement of further DoD orders for
RSDL, the timing of revenue recognition for RSDL and its impact on the
Company's financial results, the impact on future sales of SAFETY Act
designation and certification for RSDL, future orders of RSDL by first
responder organizations, general military and first-responder market
acceptance and sales of RSDL, future actions by the FDA or other
regulatory agencies, overall economic conditions, general market
conditions, price increases of raw materials and components, foreign
currency exchange rate fluctuations as well as the risk factors listed
from time to time in the SEC filings of E-Z-EM, Inc., including but not
limited to its Annual Report on its Form 10-K for the fiscal year ended
June 3, 2006 and its Form 10-Q for the quarter ended March 3, 2007.
Consequently, actual future results may differ materially from the
anticipated results expressed in the forward-looking statements, and
investors are cautioned not to place undue reliance on the
forward-looking statements included in this release.