Covalon Signs U.S. Distribution Agreement with Hartmann-Conco.MISSISSAUGA, Ontario For the First Nation, see . Mississauga (pronounced: [ˌmɪsɪˈsɑgə] listen -- Covalon Technologies Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:COV COV Composés Organiques Volatiles (French) COV Compuestos Orgánicos Volátiles (Spanish: Volatile Organic Compounds) COV Coefficient of Variation COV City of Villians (game) ) is extremely pleased to announce that Covalon Technologies Inc. ("Covalon") a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. has entered into an exclusive distribution agreement with Hartmann-Conco Inc. ("Hartmann-Conco") to distribute Covalon collagen wound dressings under the brand name ColActive. The agreement provides Hartmann-Conco with exclusive distribution rights for the United States. Covalon 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. , Dr. Frank DiCosmo said this is an extremely important milestone for Covalon to have developed aworking relationship with Hartmann-Conco. Since there are few suppliers of collagen dressings and since this category of wound dressings is an important one, Covalon and Hartmann-Conco expect to have significant impact in this market through their partnership. Dr. DiCosmo also said he is excited to be working with an outstanding organization such as Hartmann-Conco. Jacques M. Lemmetti, President and Chief Executive Officer of Hartmann- Conco said he is eager to distribute Covalon's unique and innovative medical products. The Hartmann-Conco group comprises of several wholly-owned subsidiaries in 36 countries and other joint venture operations. It is one of the leading companies in its branch of industry with a sales revenue of EURO 1.3 billion in 2003 and employing 10,000 people. Hartmann-Conco is a world-class manufacturer of wound-dressings and other surgical and hygiene products. Hartmann-Conco is owned by Paul Hartmann AG, a major global manufacturer of wound care products, with its head office located in Heidenheim Germany. Covalon Technologies Ltd,. is an advanced medical biosystems company that has developed and patented advanced therapeutic biomaterials for wound care and surgical applications and coatings. Polymer chemistry and surface coating technology have been combined to create a range of time-release drug delivery platforms that are applied to many medical devices to treat many critical conditions. A variety of applications for these technologies have been identified and specific products have been developed. The products offer features and benefits providing solutions to many of the problems caused by current devices and their material properties which are used by most medical device manufacturers and suppliers. The problems include infection, poor biocompatibility biocompatibility the quality of not having toxic or injurious effects on biological systems. biocompatibility 1. The extent to which a foreign, usually implanted, material elicits an immune or other response in a recipient 2. , and microbial microbial pertaining to or emanating from a microbe. microbial digestion the breakdown of organic material, especially feedstuffs, by microbial organisms. attachment. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved of the contents of this release. Covalon Technologies Ltd. (TSX VENTURE:COV) |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion