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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Nanoscience | LSE:NAN | London | Ordinary Share | KYG6390E1070 | ORD 0.25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4.375 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Nanoscience Inc 06 May 2008 Embargoed Release: 07:00hrs Tuesday 6 May 2008 Nanoscience Inc. ('Nanoscience' or the 'Group') Award winning product launch of MyAmegoTM Nanoscience, the specialist niche investor in emerging technologies with strong commercial propositions for the healthcare and electronic sectors, is pleased to announce that Sentinel Healthcare Solutions Limited ('Sentinel'), where the Group is the largest shareholder with a fifty per cent interest, secured the 2008 Best New Technology prize for its newly launched MyAmegoTM product on the last day of the Naidex Exhibition at the Birmingham NEC. MyAmegoTM is a ground-breaking, patent-pending, cost effective assistive telecare technology system. It enables care home operators specialising in the care of people with dementia and other disabilities to deliver a better quality of care through rigorous risk management procedures and also to construct personalised detailed assessments which directly relate to the individual. The privacy of the personal care and monitoring profile is decided by and managed with the individual and the independence of the person is protected at all times due to the personalistion of the individuals care plan which further allows carers and family to have quality, detailed and direct feedback on all aspects to the persons care. Using Sentinel's Sentinel:Monitor platform, dementia residents are monitored using their own electronic device, such as a bracelet or necklace, and the data is captured via wireless monitors placed around the care home in a mesh network. The service intelligently analyses the user's environment in relation to the user's needs and automatically alerts carers for assistance when needed in addition to facilitating the adjustment of care plans through analysis reports of the user's activities. MyAmegoTM has successfully completed trials covering a number of conditions and both private care homes and local authorities across the UK have actively engaged in commercial discussions. The market size for registered dementia sufferers in the UK alone exceeds 750,000, with similar ratios to population in all developed countries. Sentinel is pleased to report that commercial interest regarding MyAmegoTM at Naidex, which is UK's largest event for homecare, disability and rehabilitation, was substantial and the company is vigorously pursuing domestic customer contacts. Overseas interest from Spain, France, the Netherlands, South Africa, India and the APAC (Asia and Pacific) region was also on record by the end of the event. Sentinel has signed an initial distributor to focus on the local UK health authorities and is in final negotiations with a further healthcare distributor who, after purchasing a licence to market and sell MyAmegoTM, will target the private sector registered care homes. The Company will continue to explore further agency arrangements across the UK and overseas as it builds up its presence during 2008. In total there are more than 28,000 care homes in the UK Neil Bryant, general manager of Sentinel, commented 'Naidex was the start of transforming how people in care homes are treated and as the pressure to comply with the Mental Capacity Act and the 'telecare' requirements laid down by the UK Government, we are positioned to support all care homes through this cheap and easily delivered solution.' Guy Spelman, chief executive officer of Nanoscience, commented: 'We are greatly encouraged by the level of interest Sentinel has received for MyAmegoTM and we believe the product and services it provides uniquely addresses the requirements of care providers, people suffering from dementia and not forgetting their relatives, both from a legal, legislative and quality of care standpoint. The Board is confident that the proven abilities of MyAmego's application can successfully enter the UK care home market, which is worth over #10 billion annually, in addition to the ever-growing international care home market. We anticipate the ease of use and cost effective abilities of MyAmegoTM will also offer numerous opportunities in other geographies and sectors in the future and we look forward to benefiting from the immense value that we expect our investment in Sentinel to achieve.' -Ends- Further Information: Guy Spelman Nanoscience Inc. 07767 338 967 Vikki Krause Hansard Group 020 7245 1100 This information is provided by RNS The company news service from the London Stock Exchange END NRADGGGKLKMGRZM
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