MINNEAPOLIS, March 20, 2012 /PRNewswire/ -- BioDrain
Medical, Inc. (OTCBB: BIOR, OTCQB: BIOR), producer of the FDA
cleared STREAMWAY System for automated surgical fluid disposal,
announced today that the Company has installed two units of the
STREAMWAY System at Specialty Surgery Center in Sparta, NJ.
A STREAMWAY unit was originally placed at the surgery center for
product evaluation, however upon completion of the evaluation,
Specialty Surgery Center purchased that unit and submitted a
purchase order for an additional unit.
Kevin Davidson, CEO of BioDrain,
stated, "With these two installations, the STREAMWAY System
continues to show its increasing value proposition to the hospital
and surgical markets. The purchase of an additional unit
speaks volumes to the System's ease of use, important safety
features, and economic and environmental benefits. We are
delighted to see the excitement level around this product continue
to rise and are thrilled to partner with such a great organization
like Specialty Surgery Center."
About BioDrain Medical, Inc.
BioDrain Medical, Inc. has a fully automated, patented, FDA
cleared, surgical fluid disposal system that virtually eliminates
operating room workers' exposure to blood, irrigation fluid and
other potentially infectious fluids found in the surgical
environment. Today's manual surgical fluid handling methods of
hand-carrying filled surgical fluid canisters and emptying these
canisters is an exposure risk and an antiquated approach to the
handling of surgical fluid waste. BioDrain's STREAMWAY System fully
automates the collection, measurement and disposal of surgical
fluids resulting in: 1) reducing overhead costs to hospitals and
surgical centers, 2) improving the Occupational State and Health
Association (OSHA) and other regulatory compliance, and 3)
improving the efficiency of the operating room (and thereby making
surgeries more profitable).
BioDrain's STREAMWAY System is eco-friendly as it contributes to
cleaning up the environment. Currently, approximately 50 million
bloody, potentially disease infected canisters go to landfills
annually in the United States.
These tainted canisters can remain in landfills for years to come.
With the installation of BioDrain's STREAMWAY System, the number of
canisters can be significantly reduced. BioDrain Medical, Inc.
makes the operating room and our environment safer, cleaner, and
better. BioDrain products are currently being represented by
independent professional sales representatives that cater to the
needs of hospitals and ambulatory surgical centers across the
country. For additional information, please visit:
www.biodrainmedical.com.
Forward-looking Statements:
Certain of the matters discussed in this announcement contain
forward-looking statements that involve material risks to and
uncertainties in the company's business that may cause actual
results to differ materially from those anticipated by the
statements made herein. Such risks and uncertainties include, among
other things, our ability to establish and maintain the proprietary
nature of our technology through the patent process, as well as our
ability to possibly license from others patents and patent
applications necessary to develop products; the availability of
financing; the company's ability to implement its long range
business plan for various applications of its technology; the
company's ability to enter into agreements with any necessary
marketing and/or distribution partners; the impact of competition,
the obtaining and maintenance of any necessary regulatory
clearances applicable to applications of the company's technology;
and management of growth and other risks and uncertainties that may
be detailed from time to time in the company's reports filed with
the Securities and Exchange Commission. This is not a solicitation
to buy or sell securities and does not purport to be an analysis of
the company's financial position. See the company's most recent
Quarterly Report on Form 10-Q and related 8-K filings.
Investor Relations Contact:
Stanley Wunderlich
Consulting for Strategic Growth 1 Ltd.
Tel: 800-625-2236 ext. 7770
Email: info@cfsg1.com
SOURCE BioDrain Medical, Inc.