SHPI Enters OEM Supply Agreement with ICU Medical for SecureLoc(TM) Safety Introducer Needle.BOUNTIFUL, Utah -- Specialized Health Products International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : SHPI SHPI Symposium on High Performance Interconnects ), a manufacturer and marketer of proprietary safety medical devices, today announced that it has entered into an OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and supply agreement with ICU ICU intensive care unit. ICU abbr. intensive care unit ICU see intensive care unit. ICU Medical, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ICUI) for SHPI's SecureLoc(TM) Safety Introducer Needle. Under the terms of the agreement, ICU Medical, a leader in the field of proprietary needless medical connectors for use in intravenous ("I.V.") therapy applications and a producer of custom I.V. systems, will purchase SecureLoc(TM) safety introducer needles from SHPI subject to specified minimum purchase requirements. "ICU Medical is a long-standing leader and innovator in safety medical products," said Jeff Soinski, 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. of SHPI. "We are pleased to be selected by ICU to supply our SecureLoc(TM) Safety Introducer Needle for inclusion in several of their procedure kits and trays. This is the second long-term OEM supply agreement we have announced for SecureLoc(TM) Safety Introducer Needle, since market launch in December 2005." SecureLoc(TM) Safety Introducer Needle is SHPI's first marketed product line based upon its SecureLoc(TM) platform technology, which provides an integral safety solution for long needles and catheter introducers. SHPI has product license or OEM supply agreements in place with BD Medical, Tyco Healthcare, and Bard Access Systems for other product applications of its SecureLoc(TM) platform technology. Available in a variety of needle lengths and gauges, SecureLoc(TM) Safety Introducer Needle provides direct vascular access vascular access Clinical medicine The ability to enter the vascular system; the ease with which the vascular system can be entered for administering therapy or obtaining blood for testing in a proprietary safety device designed to prevent accidental needlesticks, a leading occupational cause of the spread of blood borne diseases such as Hepatitis B Hepatitis B Definition Hepatitis B is a potentially serious form of liver inflammation due to infection by the hepatitis B virus (HBV). It occurs in both rapidly developing (acute) and long-lasting (chronic) forms, and is one of the most common chronic and C and Human Immunodeficiency Virus human immunodeficiency virus n. HIV. Human immunodeficiency virus (HIV) A transmissible retrovirus that causes AIDS in humans. ("HIV HIV (Human Immunodeficiency Virus), either of two closely related retroviruses that invade T-helper lymphocytes and are responsible for AIDS. There are two types of HIV: HIV-1 and HIV-2. HIV-1 is responsible for the vast majority of AIDS in the United States. "). About Specialized Health Products International, Inc. Specialized Health Products International, Inc. ("SHPI") is a leading developer, manufacturer and marketer of proprietary disposable medical devices for clinician and patient safety. SHPI has developed multiple safety needle products based upon two primary patented technology platforms, FlexLoc(R) and SecureLoc(TM), which apply to virtually all medical needles used today. SHPI manufactures and markets certain products, including LiftLoc(R) and MiniLoc(TM) Safety Infusion Sets, under its own label. It licenses or supplies other products to leading manufacturers and marketers in the global disposable medical products industry, including Tyco Healthcare, Bard Access Systems, and BD Medical Systems. For more information about SHPI, visit the company's website at www.shpi.com. About ICU Medical, Inc. ICU Medical, Inc. is a leader in the development, manufacture and sale of proprietary, disposable medical connection systems for use in intravenous ("I.V.") therapy applications. Its devices are designed to protect patients from Catheter Related Bloodstream Infections and healthcare workers from exposure to infectious diseases through accidental needlesticks. ICU Medical is also a leader in the production of custom I.V. systems, many of which incorporate its proprietary products. They are also a significant manufacturer of critical care medical devices, including catheters, angiography angiography or arteriography X-ray examination of arteries and veins with a contrast medium to differentiate them from surrounding organs. The contrast medium is introduced through a catheter to show the blood vessels and the structures they supply, including kits and cardiac monitoring systems. This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in future operating results due to a number of economic conditions, risks in product and technology development, the effect of the Company's accounting policies and other risk factors detailed in the Company's SEC filings. These factors and others could cause operating results to vary significantly from those in prior periods and those projected in forward-looking statements. Additional information with respect to these and other factors, which could materially affect the Company and its operations, are included on certain forms the Company files with the Securities and Exchange Commission. |
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