Biophan Technologies
Ticker: BIPH
Press Release Friday After the Bell:
Biophan
Announces Development of Breakthrough Long-Life Biothermal Battery
Biophan Technologies, Inc., a leading developer
of next generation biomedical technology, announced today that it has acquired a
majority interest in TE-Bio, LLC, a company developing a breakthrough, long-life
power source for use in implanted medical devices, such as pacemakers,
defibrillators, neurostimulators, and drug pumps.
The technology is based on a patented innovation in the
utilization of thermoelectric materials, using nanoscale-based, thin-film
materials to convert thermal energy produced naturally by the human body into
electrical energy. The resulting power can be used to "trickle charge"
batteries for medium-power devices such as defibrillators, or directly power
low-energy devices like pacemakers. The Company will be displaying the
technology to over 6,000 healthcare professionals at the NASPE--Heart Rhythm
Society's Heart Rhythm 2004 Conference, May 19-22, 2004 in San Francisco, CA.
TE-Bio is developing an implantable power system that has the
potential to provide as much as a 30-year life--a five-fold increase in service
life compared to existing technology. The technology is anticipated to
dramatically extend the service life of neurostimulators and drug pumps that are
used for treatment of tremors, diabetes, and chronic pain. Furthermore, since
these devices can be implanted in young patients, the combination of TE-Bio
technology and extended device life may reduce the number of replacement
implants needed throughout a patient's life. For further information or to view
the patent, please visit www.biophan.com/biothermal.php.
"The realization of generating enough energy to power a
pacemaker, or extend the life of a defibrillator, from the heat differential in
our bodies, has been brought within striking distance by the remarkable
revolution in materials science and advances in nanotechnology," stated
Michael Weiner, CEO of Biophan.
To view the full Press Release please visit http://biz.yahoo.com/bw/040514/145525_1.html
Media Article: Biophan
Technologies Acquires Biothermal Battery Developer
Biophan and its licensors have nine issued U.S.
patents and over fifty patents pending, in areas including nanotechnology (nanomagnetic
particle coatings), radio frequency filters, polymer composites, and photonics.
Friday's announcement of the acquisition of TE-Bio brings Biophan's patents one
notch up on its major competitors whose own batteries require surgical
replacement frequently.
To view the full Article please visit http://biz.yahoo.com/iw/040515/067348.html
News
Release: Biophan
CEO Reaffirms Commitment to Strategic Vision and FY 2005 Growth
Company Addresses Stockholders in Annual
Letter Outlining Latest Surge in Corporate Activity
Biophan Technologies, Inc., a leading developer of next generation biomedical
technology, reaffirmed today its unequivocal commitment to its strategic
initiatives and outlined its plans for the Company's 2005 fiscal year.
Stockholders and other interested parties are invited to view the full text of
Biophan's stockholder letter at www.biophan.com/sl.html.
"This past year was a significant one for
Biophan on several fronts, and we are very excited about the business
opportunities that lie ahead," stated Biophan's CEO, Michael Weiner, in his
stockholder letter. "We have formed several key strategic relationships
this past year, including with Boston Scientific, that we feel confident will
accelerate our growth. In addition, we have solidified existing technology, and
developed and/or acquired new technologies that we expect to begin generating
revenue in the coming year."
"Our current operations obviously mirror those of any burgeoning,
biomedical technology company, but we truly believe that our time horizon for
success is rapidly approaching. Our market is growing virtually on a daily
basis, we are getting noticed by key industry players, and we will be announcing
what we feel are breakthrough technologies in the coming weeks. All these things
are paramount to our success as we move forward."
To view the full news release please visit http://biz.yahoo.com/bw/040513/135807_1.html
To view the full report, including recent press
releases and chart for BIPH please visit http://www.smallcapreview.com/biph.htm
Breakthrough
solutions from Biophan Technologies allows millions of pacemaker wearers to
safely use MRI diagnosis
MRI
(magnetic resonance imaging) is one of the most important diagnostic tools in
medicine. But for millions of people around the world who wear implanted medical
devices like pacemakers or stents, MRI can not be used.
The
problem has been that the strong electromagnetic fields created during the MRI
process interfere with the electronics of many implanted devices, endangering
the safety of the person wearing it. And safety is not the only concern.
Implanted devices as well as many devices used in surgical and diagnostic
procedures can also interfere with MRI image quality.
Biophan
Technologies has solved these problems. Biophan is developing leading-edge
technologies that will make biomedical devices safe and reduce the interference
they cause to MRI image quality. As a result, millions of people will now be
able to have access to life-saving MRI diagnosis.
Biophan
has combined a number of technologies into a filter/coating shielding system
that can be easily adopted by pacemaker and medical device manufacturers. And
they should be welcomed by manufacturers since there would be little impact on
the manufacturing process or on the cost. Biophan??™s
technologies can be applied to a wide variety of medical devices including
pacemakers, defibrillators, neurostimulators, stents, guide wires, aneurysm
clips, biopsy needles and many more.
The
market for Biophan??™s technology is large and growing
The
medical device market and the MRI market are both well into billions of dollars
annually and are enjoying rapid growth. And growth is sure to increase even
faster with the arrival of the aging boomer generation. This means that the
demand for Biophan??™s technology is large now and will continue to grow larger
year after year. To appreciate the size of this market, consider these few facts:
-
The
number of MRI procedures has increased annually by around 15% with more than
36 million done each year.
-
The
implanted cardiac device market totals more than $6 billion each year. Add
to this the market for other implanted devices and devices used in surgical
and diagnostic procedures and the total is well over $10 billion.
-
On
a worldwide basis, it is estimated there are over 5 million people with
cardiac rhythm implants and approximately 50% are located in the U.S.
-
Approximately
165,000 Americans are currently MRI contraindicated due to some type
of cardiac
rhythm implant. On a worldwide basis, that number would exceed 300,000.
Plus
Biophan enjoys significant patent protection
The
foundation for success of a biotech company is its ability to attain patent
protection for the technologies it develops. Simply put, patents are a
biotech??™s cash cow. In this regard, Biophan has made tremendous progress.
In
a recent news release, Biophan announced the allowance of five patents and the
issuance of five additional patents. This elevates its total patent portfolio to
nine issued patents and six allowed patents plus forty-five patent applications
in process.
Biophan
plans to build on its success and to continue focusing its resources on
technological innovation. It will
introduce commercial products through strategic joint ventures and licensing
agreements with major companies having marketing and development expertise. And
it will ensure success by providing marketing and technical support to its
various partners.
In
short, for aggressive investors with a long-term outlook, Biophan Technologies
is one stock that should be closely examined. Given all of the facts above, the
opportunity for share value appreciation seems significant. To learn more about
Biophan, please visit www.biophan.com or
visit www.SmallCapReview.com/biph.htm.
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