June 15, 2012
Medical Tech Company Holds Patented Technology That May Soon Be Everywhere
By: AllPennyStocks.com News
Wednesday, June 13, 2012
We’ve all seen fire extinguishers hanging in hallways or in some other conspicuous place in both public and private places. Many have seen also Automated External Defibrillators (AEDs) in the public as they are becoming more and more of a commonality for their emergency uses. The next product that is making its way to a hallway near you could prove invaluable to people in need, loved ones, first responders and hospital staffs. The device: a revolutionary product by Frisco, Texas-based OxySure® Systems, Inc. (OTCBB:OXYS) that uses a proprietary mixture of two dry, inert powders to create medically pure oxygen.
In the event of any cardiovascular or respiratory distress, oxygen availability to vital organs is either stopped or impaired which can have deadly effects if not corrected within a matter of minutes. Even if the heart of a person is taken back into sinus rhythm, the damage that can result from oxygen deprivation to the brain or other key organs in the body can lead to life-long, debilitating problems. OxySure’s first pioneering product built upon its technology, the OxySure Model 615, has FDA approval and has been used in more than 200 saves since commercialization began about three years ago.
In cases such as 13-year old Kylee Shea, who dropped over at school of cardiac arrest in March, the Model 615 was used to provide oxygen after two quick-thinking teachers applied CPR and used an AED to re-start the heart of the young girl; saving her and her quality of life.
As the OxySure website explains, “There is no storage of oxygen. There are no compressed tanks, no dials, no valves, no regulatory maintenance, no hydrostatic testing, no batteries, no required training, and none of the hazards associated with traditional oxygen provision systems.”
Discerning investors should be able to glean the potential of that type game-changing technology from those sentences.
Further, the company is making big strides in their marketing and commercialization efforts in the recent past through distribution deals with major corporations. In March, a supply agreement was penned with Fortune 100 company Grainger, Inc. (NYSE:GWW) which will make the Model 615 available through Grainger’s massive global distribution channels that generated $8.1 billion in sales in 2011.
Today, OxySure disclosed that it will be expanding availability of the Model 615 through a distribution agreement with Global Industrial, a Systemax (NYSE:SYX) company. “OxySure’s Model 615 and related accessories represent an excellent fit for our Medical and Safety Division,” said Bob Dooley, President of Global Industrial in the corporate statement. He continued, “We are proud to be one of the first to market with this innovative, lifesaving technology and we look forward to realizing its significant potential through this partnership.”
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