CHAD Therapeutics Announces New Product Introduction.Business and Health Editors CHAD Therapeutics therapeutics Treatment and care to combat disease or alleviate pain or injury. Its tools include drugs, surgery, radiation therapy, mechanical devices, diet, and psychiatry. , Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. : CTU CTU Colorado Technical University CTU Czech Technical University in Prague CTU Counter Terrorist Unit CTU Clinical Trials Unit CTU Catholic Theological Union CTU Chicago Teachers Union CTU Computer Training Unit CTU Control Unit ), producer and distributor of oxygen conserving devices and oxygen systems used by pulmonary patients who need supplemental oxygen, today announced FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. clearance to market its new CYPRESS(TM) OXYPneumatic(R) oxygen conserver. The CYPRESS conserver is the newest addition to CHAD's line of conservers and represents the first non-electronic conserver offered by the Company. Thomas E. Jones, Chief Executive Officer, said today, "The introduction of the CYPRESS conserver is the latest in a series of product innovations designed to expand our oxygen conserving device product line and create the widest choice in conservers for homecare providers and their patients. The CYPRESS conserver is a state-of-the-art pneumatic pneumatic /pneu·mat·ic/ (noo-mat´ik) 1. pertaining to air. 2. respiratory. pneu·mat·ic adj. 1. Of or relating to air or other gases. 2. conserver that incorporates no electronic parts, thus eliminating the need for batteries. It is lightweight, small and allows the use of a single-lumen cannula cannula /can·nu·la/ (kan´u-lah) a tube for insertion into a vessel, duct, or cavity; during insertion its lumen is usually occupied by a trocar. can·nu·la or can·u·la n. pl. , unlike most other pneumatic conservers that require special cannulas. The CYPRESS conserver provides flow rates from one to six liters per minute and oxygen savings greater than 3:1 over continuous flow oxygen." Jones also stated, "The CYPRESS conserver will permit CHAD to compete in the pneumatic segment of the conserver market for the first time. This new product is further evidence of CHAD's dedication to providing homecare suppliers and their patients with the most extensive choice in home oxygen products to suit individual needs, preferences and disease conditions. We continue with other projects designed to further enhance our position in this area and further establish CHAD's position as a technological leader in the development of home oxygen products." Jones indicated CHAD currently plans to begin initial shipments of the CYPRESS conserver in July 2002. The foregoing statements regarding the CYPRESS conserver are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve certain risks and uncertainties. The success of the CYPRESS conserver will depend on the health care community's perception of their capabilities and benefits and the degree of acceptance they achieve among homecare providers. |
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