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Paradigm Medical Industries Receives FDA Approval for P60 UBM Device; Names New Vice-President of Engineering
SALT LAKE CITY
Paradigm Medical Industries, Inc.
Aziz A. Mohabbat, 801-977-8970
Paradigm Medical Industries, Inc. today announced it has received U.S. Food and Drug Administration (FDA) 510(k) premarket approval for its P60 ultrasound biomicroscope (UBM). The Company filed a 510(k) application for the P60 with FDA in late April. The UBM is used for viewing structures in the eye involved with glaucoma pathologies and surgical procedures.
" FDA approval will allow the Company to begin selling the P60 in the U.S. immediately," said Paradigm Medical's Chief Operating Officer, Aziz A. Mohabbat. " Coupled with receiving the CE Mark earlier this year, the Company can now participate in the global market opportunity for UBM devices."
The P60 represents the Company's fourth-generation of UBM devices, and is believed to have better visual clarity and image flexibility than earlier versions. The UBM is Paradigm Medical's largest generator of revenues. UBM accounted for more than 25% of corporate sales in 2004.
Paradigm Medical also announced it has named Fredrick D. Geiger, 36, as Vice-President, Engineering, effective immediately. Mr. Geiger most recently served as director of production, product management, and engineering at Stonebridge Systems and a member of its Executive Council.
" We are extremely pleased to add Fred Geiger to our management team," noted Paradigm Medical's Chief Executive Officer, John Y. Yoon. " He brings a broad array of disciplines, including engineering, product management, and information technology. Fred will be instrumental in retooling Paradigm Medical's product line, as we have done with the P60."
Paradigm Medical Industries, Inc., currently develops, manufactures and markets surgical and diagnostic high-tech, proprietary equipment and consumable products for the medical industry. The Company's corporate headquarters are located at 2355 South 1070 West, Salt Lake City, Utah 84119. Call (801) 977-8970 or visit us at www.paradigm-medical.com.
This press release contains statements that, if not verifiable historic fact, may be viewed as forward-looking statements that could predict future events or outcomes with respect to Paradigm and its business. The predictions embodied in these statements will involve risk and uncertainties and, accordingly, actual results may differ significantly from the results discussed or implied in such forward-looking statements. 
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Paradigm Medical Industries Receives FDA Approval for P60 UBM Device; Names New Vice-President of Engineering
SALT LAKE CITY
Paradigm Medical Industries, Inc.
Aziz A. Mohabbat, 801-977-8970
Paradigm Medical Industries, Inc. today announced it has received U.S. Food and Drug Administration (FDA) 510(k) premarket approval for its P60 ultrasound biomicroscope (UBM). The Company filed a 510(k) application for the P60 with FDA in late April. The UBM is used for viewing structures in the eye involved with glaucoma pathologies and surgical procedures.
" FDA approval will allow the Company to begin selling the P60 in the U.S. immediately," said Paradigm Medical's Chief Operating Officer, Aziz A. Mohabbat. " Coupled with receiving the CE Mark earlier this year, the Company can now participate in the global market opportunity for UBM devices."
The P60 represents the Company's fourth-generation of UBM devices, and is believed to have better visual clarity and image flexibility than earlier versions. The UBM is Paradigm Medical's largest generator of revenues. UBM accounted for more than 25% of corporate sales in 2004.
Paradigm Medical also announced it has named Fredrick D. Geiger, 36, as Vice-President, Engineering, effective immediately. Mr. Geiger most recently served as director of production, product management, and engineering at Stonebridge Systems and a member of its Executive Council.
" We are extremely pleased to add Fred Geiger to our management team," noted Paradigm Medical's Chief Executive Officer, John Y. Yoon. " He brings a broad array of disciplines, including engineering, product management, and information technology. Fred will be instrumental in retooling Paradigm Medical's product line, as we have done with the P60."
Paradigm Medical Industries, Inc., currently develops, manufactures and markets surgical and diagnostic high-tech, proprietary equipment and consumable products for the medical industry. The Company's corporate headquarters are located at 2355 South 1070 West, Salt Lake City, Utah 84119. Call (801) 977-8970 or visit us at www.paradigm-medical.com.
This press release contains statements that, if not verifiable historic fact, may be viewed as forward-looking statements that could predict future events or outcomes with respect to Paradigm and its business. The predictions embodied in these statements will involve risk and uncertainties and, accordingly, actual results may differ significantly from the results discussed or implied in such forward-looking statements.
