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A service for healthcare industry professionals · Tuesday, September 25, 2018 · 462,979,770 Articles · 3+ Million Readers

Flexpoint Sensor Systems, Inc. Demonstrates New Medical Device developed for Haemoband Surgical, Ltd.

Haemoband’s Cologuide features patented Bend Sensor® technology

DRAPER, Utah, Sept. 14, 2018 (GLOBE NEWSWIRE) -- Flexpoint Sensor Systems, Inc. (FLXT) is pleased to announce a new Cologuide presentation from their strategic Partner, Haemoband Ltd. as Haemoband readies for the commercial launch of the product. The Cologuide, utilizing patented Bend Sensor® technology, can be used with almost any make of colonoscope and uses Bluetooth wireless technology to send the data from the procedure.  

/EIN News/ -- Haemoband Surgical identified Flexpoint technology as the appropriate technology for this application.  Because of their unique expertise in bend sensor technology, Flexpoint was subsequently appointed as the principle subcontractor for the project and has enjoyed working in a collaborative effort with Haemoband on this and other medical applications for the past several years.

Cologuide can be safely used in patients with cardiac pacemakers as well as pregnant women. Some of the benefits of the system with the sensor are:

  • The product provides help with massive reduction in colonoscopy procedure time with less effort
  • Allows greater comfort to the patient
  • Helps experienced clinician by demonstrating what they need to know
  • Has a positive effect on refining colonoscopy skills of the clinician
  • Is an effective aid in training of new clinicians

Once activated, the sensor shows on the screen and is then placed into the colonoscope device. Once the colonoscopy device is inserted the sensor is displayed on the screen and indicates the positioning of the colonoscope as it is advanced to the other end of the large intestine. In the demonstration, the cameras are set simultaneously to show what is happening to the colon inside the abdomen, what the Cologuide screen shows, and what the clinician does. The link to the demonstration is https://www.youtube.com/watch?v=2Ma1olRXE50&t= and gives a visual presentation of the product.

“We are extremely pleased that our Bend Sensor® technology is able to assist Haemoband as they work with the medical community with this new revolutionary product,” commented Clark Mower, CEO of Flexpoint. “We believe this product will be beneficial to both companies and will add significant revenue to the future growth of our company,” Mower further stated.

About Haemoband Surgical, Ltd.
Haemoband Surgical, Ltd. was founded in 2005 in Belfast, Northern Ireland, by Essam Ghareeb and Colin Foster. Mr Ghareeb's profession as a lower gastrointestinal surgeon, and Mr Foster's experiences in the medical marketplace and in bringing products to a global market, led to the design, development and launch of Haemoband, the first automatic multi-action, pre-loaded, disposable ligator onto the global market.  Haemoband Surgical works to the highest levels of quality possible and has achieved many quality certifications.  The most recent of which is a FDA 510k clearance. For further information please visit www.haemobandsurgical.com.

About Flexpoint

Flexpoint Sensor Systems (FLXT) is a leading supplier of thin film sensing technology to many industries, including automotive, medical, industrial controls, and consumer products.

Flexpoint manufactures a patented new flexible sensor that has also proven to be an extremely durable switch. The single layer Bend Sensor® product allows for the measurement of mechanical movement, air flow, water flow, or even vibration. In addition, it has been tested to over 35 million cycles without failure. It can be used as a range of motion sensor, or as a very durable, very reliable switch in most harsh environments. The breadth of applications for our sensor is limited only by one's imagination.

Forward-Looking Statements

This press release contains certain forward-looking statements.  Investors are cautioned that certain statements in this release are "forward-looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.

Flexpoint Sensor Systems
Clark Mower, President
801-568-5111

Brokers and Analysts:
Chesapeake Group
410-825-3930

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