| |
WoundTEK
Announces Its S.T.A.R.(TM) Device is helping Heal
US Soldiers Faster from Improvised Explosive Injuries
NEWPORT, RI, Jan. 23 /PRNewswire-FirstCall/
-- WoundTEK, Inc. today announced that the Company has been shipping
S.T.A.R. devices to US Military Hospitals for treating active duty
soldiers with extremity wounds from Improvised Explosive Devices
(IED’s). The biggest threat to US Soldiers in Iraq has become
roadside and mobile IED’s. Currently, there are multiple such
explosions each day that threaten US and Coalition forces. WoundTEK’s
S.T.A.R. device is particularly well suited to treat the wounds
typically resulting from such explosions. These extremity wounds
(on both legs and arms) are typically treated with a procedure called
a fasciotomy, which relives pressure and reduces dangerous swelling
to the area. The procedure leaves the patient with very large open
wounds that are usually left open for days or up to a week before
attempting to close them. The average time to close such wounds
at Landstuhl Regional Medical Center in Germany was almost 20 days
and often involved a skin grafting procedure. Now the Orthopedic
Trauma Surgeons there have been using the S.T.A.R. device to close
the wounds on fasciotomy patients and have reduced the time to closure
to an average of just 4 days, and almost always avoiding the painful
skin graft procedure.
“The United States Military Trauma Surgeons
have been amazed with the effectiveness of the device. We are delighted
that the patients are receiving a higher level of treatment that
is less painful, faster to heal, and greatly decreases the risk
of dangerous infections”. Said , President of WoundTEK. He
added; “ We are proud to be able to improve the care for our
Soldiers who are sacrificing so much for us every day.”
The device has become the standard closure device
for the Orthopedic Trauma team at Landstuhl Regional Medical Center
in Germany, which is the largest US owned and operated hospital
outside the United States borders. The team there is lead by talented
Surgeons who are at the forefront of their field and are currently
operating one of the top three trauma centers in the world today
(measured in number of new patient cases per day).
The S.T.A.R. device is the first minimally invasive
tissue expansion device; it is one of the most effective methods
for closure of large open wounds caused by trauma or surgery. Its
ability to bring large skin deficits to a linear closure rapidly
has won the device much acclaim since its introduction and it is
rapidly becoming the leading device for most delayed primary closures.
The S.T.A.R. is a class one FDA accepted device
and is available through WoundTEK distributors throughout the United
States.
With a potential target market for the S.T.A.R.
device of almost 2,000,000 procedures annually in the U.S. alone
the potential market is in excess of $550 million. Open fractures,
decubitus ulcers, burns, and severe trauma, represent the largest
areas of opportunity. WoundTEK’s S.T.A.R. device is poised
to lead this large and unclaimed market.
About WoundTEK Corporation
WoundTEK is a leading developer and manufacturer of wound closure
products with applications in the cardiology, orthopaedics, thoracic,
plastic and reconstructive, trauma, and general surgical and wound
care markets.
# # #
Cautionary Note for Forward-Looking Statements.
This press release contains forward-looking statements that reflect
the Company's current expectations about its prospects and opportunities.
The Company tried to identify these forward-looking statements by
using words such as "expects," "anticipates,"
"estimates," "plans," "will," "forecasts,"
or similar expressions, but these words are not the exclusive means
for identifying such statements. The Company cautions that a number
of risks, uncertainties, and other important factors could cause
the Company's actual results to differ materially from those in
the forward-looking statements including, without limitation, demand
for and the Company's ability to develop and manufacture biomaterial
products, additional regulatory approvals, and competition from
other technologies in the marketplace. For a more detailed discussion
of these and other factors, please see the Company's SEC filings.
Except as expressly required by the federal securities laws, the
Company undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, changed circumstances
or future events or for any other reason.
|
|