Caprius Subsidiary Receives Order for SteriMed Junior System from U.S. Department of Defense.FORT LEE, 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 received an order for two SteriMed Junior systems from the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Department of Defense for use by the U.S. Navy. The units, scheduled for shipment within the next two months, are for laboratory test and evaluation as part of the U.S. Navy's Shipboard ship·board n. 1. The condition of being aboard a ship: on shipboard. 2. Archaic The side of a ship. adj. Medical Waste Management Program. Of the twenty-one medical waste processing systems considered by the U.S. Navy, the SteriMed system was the only system to meet all the needs (i.e. sterilization sterilization Any surgical procedure intended to end fertility permanently (see contraception). Such operations remove or interrupt the anatomical pathways through which the cells involved in fertilization travel (see reproductive system). capability, size, ability to reduce the volume of waste and ability to render the waste non-recognizable) identified for evaluation aboard ship, as stated in the U.S. Navy's solicitation for bid. The SteriMed system offers an on-site, safe, easy and economical means for dealing with infectious medical waste. The system simultaneously shreds and disinfects regulated medical waste, converting it to safe, black bag waste in a 15-minute cycle. The proprietary Ster-Cid(R) disinfecting chemical solution that is required for the unit is environmentally friendly, with an excess of 94% biodegradability. To date, the Company has placed SteriMed units in dialysis clinics, plasmapheresis plasmapheresis, see apheresis. centers, clinical laboratories and hospitals. "Demand for the SteriMed system has been growing in the past several weeks, as months of marketing are starting to bear fruit," said George Aaron, chairman 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. of Caprius. "We are confident that the U.S. Navy will quickly appreciate the technological benefits and cost effective advantages to using the SteriMed system. Upon satisfactory evaluation of the first two units, we anticipate further orders from the U.S. Navy in 2006." Since the 1970's, the disposal of medical waste on the high seas high seas In maritime law, the waters lying outside the territorial waters of any and all states. In the Middle Ages, a number of maritime states asserted sovereignty over large portions of the high seas. has been regulated by national and international government legislation. The Marine Protection, Research and Sanctuaries Act of 1972, also known as the Ocean Dumping Act The Marine Protection, Research, and Sanctuaries Act or Ocean Dumping Act was one of several key environmental laws, passed by the US Congress in 1972. It brought under EPA regulation and license the dumping of sewage sludge, industrial waste, biological agents, medical , was enacted to establish a comprehensive waste management system to regulate disposal or dumping of all materials into marine waters that are within U.S. jurisdiction. The Ocean Dumping Act has been amended 14 times, most notably in 1988 via the U.S. Public Vessel Medical Waste Anti-Dumping Act. Furthermore, the Basel Convention on the Control of Trans-boundary Movements of Hazardous Waste Hazardous waste Any solid, liquid, or gaseous waste materials that, if improperly managed or disposed of, may pose substantial hazards to human health and the environment. Every industrial country in the world has had problems with managing hazardous wastes. of 1989 regulates dumping by ships traversing international waters. 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. ("MCM"). 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. 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 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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