Biophan to Demonstrate New Ceramic Motors for Medical Device Applications at Major Industry Conference
Biophan to Demonstrate New Ceramic Motors for Medical Device Applications at Major Industry Conference
BW5785 JAN 11,2005 10:35 PACIFIC 13:35 EASTERN
( BW)(NY-BIOPHAN-TECHNOLOGIES)(BIPH) Biophan to Demonstrate NewCeramic Motors for Medical Device Applications at Major IndustryConference
Business Editors/Health Editors
MD&M West 2005
BIOWIRE2K
ROCHESTER, N.Y.--(BUSINESS WIRE)--Jan. 11, 2005--
Advanced Technology Enables High-Precision Implantable Drug Delivery Systems and Other Uses
Biophan Technologies, Inc. (OTCBB: BIPH), a developer ofnext-generation biomedical technology, will demonstrate itsproprietary ceramic motors for use in a wide range of medical and lifescience devices at the Medical Design and Manufacturing West (MD&MWest) conference, January 10-12, at the Anaheim Convention Center inAnaheim, California. The announcement was made by Michael Weiner, CEOof Biophan. Biophan is the exclusive worldwide distributor for medicalapplications of the SQUIGGLE(TM) ceramic motor, produced by New ScaleTechnologies.
The MD&M West conference, organized by Canon Communications, LLC,is one of the world´s largest meetings for medical device designersand manufacturers. It is being attended by thousands of key designers,decision-makers, and medical device industry executives from theUnited States, Europe, and Asia.
Biophan is showcasing innovative solutions based on itspatent-pending direct linear drive motor constructed of advancedceramic materials. The motor´s unique, high-precision design involvesonly four parts--compared with hundreds for previously availableproducts--that affords exceptionally high levels of dependability andperformance. The SQUIGGLE motor offers a new positioning solution andcan be easily scaled to fit a variety of sizes and advanced biomedicaldevices, including implantable drug delivery devices such as insulinpumps and implantable drug pumps, as well as precision dosage meteringand microfluidic devices.
"The piezoelectric ceramic technology we have perfected allows theSQUIGGLE motor to be manufactured in a wide range of sizes andconfigurations, especially at very small sizes and low power,"explained David Henderson, President of New Scale Technologies andinventor of this motor. "Our technology provides substantialadvantages over other available biomedical motors. These advantages,such as safety and compatibility with Magnetic Resonance Imaging(MRI), have the potential to significantly improve the optionsavailable to the health care and bioscience industries."
Additional technical features of the SQUIGGLE ultrasonic motorincludes nanometer precision, zero magnetic fields, no ferromagneticmaterials, ultra-low outgassing, negligible heating, quiet movement,and consistent operation over a wide temperature range. The SQUIGGLEmotors have been demonstrated from room temperature to 100 degreesKelvin--or some 173 degrees below the freezing point of water. NASA´sGoddard Space Flight Center is evaluating the ceramic motor technologyfor use at 4 degrees Kelvin--nearly absolute zero--for spaceapplications.
Biophan will also highlight other advanced technologies at theMD&M West conference, including technologies for enablinginterventional surgical devices or implants to be made MRI-safe andcompatible. These technologies are being developed to enable a newgeneration of MRI-guided surgical procedures. The Company will alsofeature its recently announced patented anti-antenna technology forimproving the safety of medical implants under MRI.
"We´re very excited about highlighting our ceramic motor designsas well as our other recent achievements in development of medicaldevice solutions," said Mr. Weiner. "Biophan is at the forefront ofresearch and development of the next generation of biomedical devices,and our proprietary technologies advance the capabilities of devicesacross a wide spectrum of diagnostic and therapeutic procedures."
Biophan will be working with the medical device engineeringcommunity to use the Company´s innovative ceramic motor and its MRIsafety and imageability technologies to enable a range of newhealth-care and life-enhancing products.
About Biophan Technologies
Biophan develops and markets cutting-edge technologies designed tomake biomedical devices safe and compatible with the magneticresonance imaging (MRI) environment. The Company develops enablingtechnologies for implanted medical systems such as pacemakers, andinterventional surgical devices such as catheters and guidewires, aswell as stents and other implants that can be safely and effectivelyimaged under MRI. The technology is also being used to create MRIcontrast agents, and has expanded to include other applications, suchas drug delivery and power systems derived from body heat. FourBiophan technologies include advances in nanotechnology and thin filmcoatings. Committed to growth through innovation and developmentalleadership, Biophan and its licensors now hold a total of 104 U.S.patents, licenses, or applications. This total includes 25 issued U.S.patents, 11 recently-allowed applications that will issue as patentsin the near future, and 68 pending applications at various stages ofexamination at the U.S. Patent and Trademark Office. The patents coverareas including nanotechnology (nanomagnetic particle coatings), radiofrequency filters, polymer composites, thermoelectric materials forbatteries generating power from body heat, and photonics. Biophan hasjoint development arrangements with Boston Scientific (NYSE: BSX) andNASA´s Ames Center for Nanotechnology. Biophan´s goal is to make allbiomedical devices capable of safely and successfully working withMRI, and delivering other technologies which will improve quality oflife. For more information, please visit www.biophan.com.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements included in this press release may constituteforward-looking statements. Actual results could differ materiallyfrom such statements expressed or implied herein as a result of avariety of factors including, but not limited to: the development ofBiophan´s MRI technologies; the approval of Biophan´s patentapplications; the successful implementation of Biophan´s research anddevelopment programs; the acceptance by the market of Biophan´sproducts; competition; and the timing of projects and trends in futureoperating performance, as well as other factors expressed from time totime in Biophan´s periodic filings with the Securities and ExchangeCommission (the "SEC"). As a result, this press release should be readin conjunction with Biophan´s periodic filings with the SEC. Theforward-looking statements contained herein are made only as of thedate of this press release, and Biophan undertakes no obligation topublicly update such forward-looking statements to reflect subsequentevents or circumstances.
--30--MW/ny* CONTACT: Biophan Technologies, Inc. Carolyn Hotchkiss, 585-214-2407 or (Press Interviews) Jennifer Gould, 212-843-8037 KEYWORD: CALIFORNIA NEW YORK TRACK INDUSTRY KEYWORD: LEGAL/LAW PHARMACEUTICAL MEDICAL DEVICES MEDICALBIOTECHNOLOGY TRADESHOW PRODUCT SOURCE: Biophan Technologies, Inc.Copyright Business Wire 2005