Spire to Develop Nanotechnology Coating for Wear-Resistant Orthopedic Devices.New Nanotechnology Coating Increases Hardness and Service Life BEDFORD, Mass. -- Spire Corporation (Nasdaq: SPIR SPIR Symmetric Private Information Retrieval SPIR Spectroscopie Dans le Proche Infrarouge (French: Near Infrared Reflectance Spectroscopy) SPIR Spare Parts List and Interchangeability Record ) today announced that it has been awarded a $399,243, two-year grant from the National Institutes of Health-National Institute of Arthritis and Muskuloskeletal and Skin Diseases (NIH-NIAMS) to develop a new type of nanotechnology coating for wear-resistant orthopedic orthopedic /or·tho·pe·dic/ (-pe´dik) pertaining to the correction of deformities of the musculoskeletal system; pertaining to orthopedics. devices, with specific applications for spinal implants. This program will develop superlattice A superlattice is a material with periodically alternating layers of several substances. Such structures possess periodicity both on the scale of each layer's crystal lattice and on the scale of the alternating layers. coatings, which are nano-structures composed of alternating layers of dissimilar materials. They exhibit hardness and wear resistance far superior to their constituent materials. This cutting edge surface technology is expected to significantly increase the service life of spinal implants by controlling the inevitable bearing surface wear that occurs in any articulating system. This technology will have applications across a wide range of orthopedic devices, but disk replacements are targeted in this program due to the heightened risks of revision surgery and the relatively long required service life. Mark Little, 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 Spire Biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. , Inc., said, "The global market for spinal products is showing dramatic growth. Spinal disk replacements, which are a relatively new offering, are susceptible to wear. This project targets the development of new wear-reducing coatings for spinal implants, potentially extending the relief offered by these devices to people who suffer from chronic back pain." ABOUT SPIRE CORPORATION Spire Corporation is a diversified technology company providing innovative biomedical devices, advanced medical device surface treatment processes, optoelectronic devices, and solar energy solar energy, any form of energy radiated by the sun, including light, radio waves, and X rays, although the term usually refers to the visible light of the sun. products, all based upon a common technology platform. For more information visit www.spirecorp.com. Certain matters described in this news release may be 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. subject to risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to, the risk of dependence on market growth, competition and dependence on government agencies and other third parties for funding contract research and services, as well as other factors described in the Company's Form 10-KSB filed with the Securities and Exchange Commission. |
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