CHAD Therapeutics Launches Advanced New Oxygen Conserver and Next-Generation Oxygen Transfilling System at Medtrade Show in Las
April 25 2007 - 7:30AM
Business Wire
CHAD Therapeutics, Inc. (AMEX:CTU) today announced the launch of an
advanced pneumatic oxygen conserver and its next-generation oxygen
transfilling system at the Medtrade show in Las Vegas. CHAD's
advanced BONSAITM pneumatic conserver is an important addition to
the Company's extensive line of oxygen conserving devices. "With
its sleek, lightweight design (less than 10 ounces), conserving
ratio of up to 6:1, eight settings, and an adjustable continuous
flow feature, BONSAI reinforces CHAD's longstanding leadership in
the oxygen conserver market. A pneumatic conserving device that
offers a 6:1 savings ratio while ensuring adequate oxygen
saturation for patients is a groundbreaking achievement," said
President and CEO Earl Yager. CHAD currently expects to receive FDA
clearance to market and be able to begin shipping this new device
in May. Yager continued, "CHAD's next-generation oxygen
transfilling system, the OMNI line, is a significant upgrade to
CHAD's pioneering TOTAL O2� Home Oxygen Delivery System that meets
the needs of a broader range of oxygen patients than ever before
and gives homecare providers a powerful tool to reduce operating
costs and take advantage of the new Medicare transfilling
reimbursement category that took effect on January 1, 2007." The
OMNI 2 is designed for the specific requirements of pediatric
patients. The OMNI 5 offers increased oxygen delivery of up to 5
liters per minute. In addition to providing stationary oxygen, both
devices can also refill a wide variety of portable oxygen cylinders
in the patient's home, thus eliminating the cost for the homecare
provider and inconvenience for the patient of having to
periodically collect and refill oxygen cylinders at a remote depot.
"Our new BONSAI and OMNI devices demonstrate CHAD's commitment to
technology that improves patient care while lowering operating
costs for homecare providers," the CEO added. About CHAD
Therapeutics CHAD Therapeutics, Inc. develops, manufactures and
markets respiratory care devices designed to improve the efficiency
of oxygen delivery systems for home health care and hospital
treatment of patients suffering from pulmonary diseases. For more
information, visit www.CHADtherapeutics.com. Safe Harbor Statements
under the Private Securities Litigation Reform Act of 1995. The
foregoing statements regarding prospects for future earnings and
revenues, future sales trends and the introduction of products
under development are forward-looking statements that involve
certain risks and uncertainties. A number of important factors
could cause actual results to differ materially from those
contemplated by such forward-looking statements. These include the
loss of one or more major customers, increased competition, the
introduction of new products with perceived competitive advantages
over the Company's products, changes or proposed changes in health
care reimbursement which affect home care providers and CHAD's
ability to anticipate and respond to technological and economic
changes in the home oxygen market. Moreover, the success of the
Company's products and products under development will depend on
their efficacy, reliability and the health care community's
perception of the products' capabilities and benefits, the degree
of acceptance the products achieve among homecare providers and,
with respect to products under development, obtaining timely
regulatory approval. Additional factors that could cause actual
results to differ materially from those contemplated in this press
release can be found in the Company's annual and quarterly reports
filed with the Securities and Exchange Commission under the caption
"Outlook: Issues and Risks."
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