MTS Medication Technologies, Inc. Announces the Introduction of FlexPack(TM).A Unique Environmentally and User-Friendly Blister with High Gas and Moisture Barrier Properties ST. PETERSBURG, Fla. -- MTS (1) See Microsoft Transaction Server. (2) (Modular TV System) The stereo channel added to the NTSC standard, which includes the SAP audio channel for special use. 1. MTS - Message Transport System. 2. Medication Technologies, Inc. (AMEX AMEX See: American Stock Exchange :MPP (Massively Parallel Processing or Massively Parallel Processor) A multiprocessing architecture that uses up to thousands of processors. Some might contend that a computer system with 64 or more CPUs is a massively parallel processor. ) (www.mts-mt.com), an international provider of medication compliance packaging systems, today announced a new 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] , high-barrier blister to augment its medication compliance packaging consumables product line. FlexPack is a soft flexible film with high-barrier properties that protect medications from moisture and gasses. A polyethylene-based plastic, which is more environmentally friendly than PVC PVC: see polyvinyl chloride. PVC in full polyvinyl chloride Synthetic resin, an organic polymer made by treating vinyl chloride monomers with a peroxide. (polyvinylchloride), is the material that is now most commonly used in U.S. pharmaceutical packaging. MTS has been working on higher barrier plastics for several years, since the United States Pharmacopeia United States Pharmacopeia /Unit·ed States Phar·ma·co·peia/ (USP) a legally recognized compendium of standards for drugs, published by The United States Pharmacopeial Convention, Inc., and revised periodically. ("USP USP - unique sales point ") modified its guidelines to allow pharmacies a one-year beyond-use date for packaging materials that are "better than PVC." The previous standard for PVC allowed for only six months beyond-use dating. MTS is now able to utilize materials that it believes exceeds this standard at an affordable price that was not previously available to this market. Comparable high barrier products, such as PVDC PVDC Poly-Vinylidene Dichloride and Aclar[R](a), are four to seven times, respectively, more expensive than our new material and are more difficult to produce and use in our applications. Todd E. Siegel, MTS President and Chief Executive Officer, said, "After years of research and experimentation, we are pleased to bring FlexPack to market and believe it will provide our customers with significant advantages over current products. The soft flexible film, as opposed to the typical rigid film, is very user friendly for the administering nurse who may sometimes need to administer (push through) hundreds of tablets per day. In addition, the higher barrier properties of FlexPack is expected to allow pharmacies to utilize a longer beyond-use dating of up to one year, which will save our customers from having to prematurely destroy medications that have been prepackaged pre·pack·age tr.v. pre·pack·aged, pre·pack·ag·ing, pre·pack·ag·es To wrap or package (a product) before marketing. Adj. 1. ." Siegel added that if the USP were to adopt an even higher barrier-property guideline, MTS believes it could readily meet this requirement since the new material passes the highest standard, "Class A" rating. Currently, the Food and Drug Administration ("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. ") is considering regulations which would allow drug repackagers and manufacturers to apply a one-year expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist. Notes: The expiration date for all listed stock options in the U.S. without the added cost of stability studies, if the material used meets the "Class A" standard. We have many repackagers as customers who will also benefit from FlexPack. Siegel concluded, "Due to the polyethylene base of FlexPack, the film is more environmentally friendly than PVC, which is currently the plastic used most frequently in the U.S. pharmaceutical packaging market. We also believe this will be an important feature for our customers in Europe, as the more stringent European ecological regulations typically favor environmentally friendly products." About the Company Founded in 1984, MTS Medication Technologies (www.mts-mt.com) is an international provider of medication compliance packaging systems designed to improve medication dispensing and administration. MTS manufactures automated packaging machines and related consumables for prescription medications and nutritional supplements Nutritional Supplements Definition Nutritional supplements include vitamins, minerals, herbs, meal supplements, sports nutrition products, natural food supplements, and other related products used to boost the nutritional content of the diet. . The Company serves approximately 8,000 pharmacies worldwide. This press release contains forward-looking statements within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Additional written or oral forward-looking statements may be made by the Company from time to time, in filings with the Securities and Exchange Commission or otherwise. Statements contained herein that are not historical facts are forward-looking statements made pursuant to the 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. provisions described above. Forward-looking statements may include, but are not limited to, projections of revenue, income or losses, the value of contracts, capital expenditures, plans for future operations, the elimination of losses under certain programs, financing needs or plans, compliance with financial covenants in loan agreements, plans for sale of assets or businesses, plans relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc products or services of the Company, assessments of materiality, predictions of future events and the effects of pending and possible litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , as well as assumptions relating to the foregoing. In addition, when used in this discussion, the words "anticipates", "estimates", "expects", "intends", "believes", "plans" and variations thereof and similar expressions are intended to identify forward-looking statements. In particular, all statements regarding the continuing of any trend or expected sales are forward-looking statements, as is any statement regarding the potential growth and market acceptance of our FlexPack product. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified based on current expectations. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements contained herein. Statements in the Press Release describe factors, among others, that could contribute to or cause such differences. Other factors that could contribute to or cause such differences include, but are not limited to, unanticipated increases in operating costs, changes in the United Kingdom healthcare regulatory system, labor disputes, customer rejection of any installed OnDemand machine, market acceptance of MedLocker, developments relating to customer initiatives, capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. , increases in borrowing costs, product demand, pricing, market acceptance, hurricanes, intellectual property rights and litigation, risks in product and technology development and other risk factors detailed in the Company's Securities and Exchange Commission filings. Readers are cautioned not to place undue reliance on any forward-looking statements contained herein, which speak only as of the date hereof. The Company undertakes no obligation to publicly release the result of any revisions of these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected events. (a) Aclar[R] owned by Honeywell International, Inc. Corporation |
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