Caprius Subsidiary Appoints Exclusive Distributor for its SteriMed Systems in Australia and New Zealand.HACKENSACK, N.J. -- Caprius, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CAPS) today announced that its subsidiary, M.C.M. Environmental Technologies, Inc. ("MCM (MultiChip Module or MicroChip Module) A chip package that contains several bare chips mounted close together on a substrate (base) of some kind. "), has entered into a five-year exclusive Distribution Agreement with MediVac Limited ("MediVac"), an Australian healthcare equipment company. Under the terms of the agreement, MediVac Limited will exclusively distribute MCM's SteriMed systems for the on-site disposal of infectious medical waste in the territory of Australia and New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. . The agreement specifies that MediVac will purchase a minimum of 200 units of the SteriMed systems during the term of the agreement. "We are delighted to be working with MediVac in the Australian and New Zealand markets," commented George Aaron, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "The management of MediVac is very professional and responsive. MediVac has a very good understanding of the medical waste market as they are presently marketing an autoclave autoclave Vessel, usually of steel, able to withstand high temperatures and pressures. The chemical industry uses various types of autoclaves in manufacturing dyes and in other chemical reactions requiring high pressures. system that is designed for the larger facilities addressing a smaller segment of the medical waste market. We are hopeful that with our SteriMed technology, we will jointly be able to penetrate the larger segment of market share comprising of the smaller facilities. The remote distances of Australia and New Zealand add to the challenges of haulage companies to compete with an economic and efficient on-site system such as our SteriMed System." Mark Butler, CEO of MediVac, stated, "It is very apparent that MCM's technology is synergistic with MediVac's own proprietary technology and should afford a more complete product portfolio offering for MediVac in the ANZ ANZ Australia and New Zealand ANZ Australia and New Zealand Banking Group Limited ANZ Air New Zealand (NZ national airline) market." About MediVac Limited MediVac is an Australian healthcare equipment company listed on the Australian Stock Exchange Australian Stock Exchange (ASX) Australia's major securities market, formed when the six state stock exchanges (Adelaide, Brisbane, Hobart, Melbourne, Perth, and Sydney stock exchanges) were merged in 1987. that delivers an integrated "best practice" solution to the handling and remediation of clinical waste resulting in lower costs, improved infection control and environmental bonuses. More information can be found at www.medivac.com.au. About Caprius Caprius, Inc. is a manufacturer of proprietary equipment for the on-site disinfection disinfection, n the process of destroying pathogenic organisms or rendering them inert. disinfection, full oral cavity, n a procedure used to reduce active periodontal disease, usually completed within a certain short time frame. and disposal of infectious medical waste through its subsidiary, M.C.M. Environmental Technologies, Inc. The Company's innovative SteriMed technology simultaneously shreds and disinfects solid and liquid regulated medical waste, reducing the volume by up to 90% and rendering it harmless for disposal as ordinary waste. The SteriMed units are economical, compact, efficient and convenient, as well as environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] . The MCM patented technology offers an alternative to hauling and incinerating medical waste. Industry analysts estimate the medical waste market to be approximately $3 billion in the US and approximately $10 billion worldwide. More information on the Company and MCM can be found at www.caprius.com and www.mcmetech.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This press release may contain 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 risks and uncertainties. These statements refer to future plans, objectives, expectations and intentions. These statements may be identified by the use of words such as "anticipate," "believe," "intend," "plan," "expect" and other similar expressions. The Company's actual results could differ materially from those discussed in, or implied by, such forward-looking statements. You should also be aware of risks and uncertainties that, in the Company's view, could cause actual results to differ materially including changes related to regulatory and environmental approvals, manufacturing, operations, capital needs, technological advances by competitors and changes in health care reform, including reimbursement programs. Certain information concerning economic trends and performance is based upon or derived from information provided by third-party consultants and other industry sources. While the Company believes that such information is accurate and that the sources from which it was obtained are reliable, it cannot guarantee the accuracy of such information, as it has not independently verified the assumptions on which projections of future trends and performance are based. |
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