IGNT Enters Hospital and Therapy Markets With Expected Revenue Increase
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Issue# 1712 |
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| IGNT Enters Hospital and Therapy Markets With Expected Revenue Increase |
YUCAIPA, Calif., Nov. 20, 2009 (GLOBE NEWSWIRE) –
According to the most recent report published in June 2009 and made available on the Global Market Research Information Network, respiratory market revenues are high currently, with good potential for sales increases. As the patient population grows and respiratory diseases become more prevalent, the market has the potential for continued growth in many countries and therapeutic areas. There is a great demand for products that provide therapeutic and commercial benefits in this demanding and competitive market. The developing markets of Asia, Latin America and Europe will drive sales increases in particular.
The company is introducing its new Oxyview Nasal Cannula at the
"Our focus has been home health care markets and this is going very smoothly with an increase in sales from home oxygen patients and oxygen providers. Our GSA application is expected to be approved in the near future, and with the growing hospital markets in respiratory care, the Oxyview Nasal Cannula will be an attractive device for hospital nursing as it has shown to save time and provide additional assurance of oxygen flow. Our near final ISO Certification expected in late December 2009 and our recent issue/publication of our patent in the People’s Republic of China is in alignment with the future demand for our Oxyview Nasal Cannula in various export countries according to the most recent studies," stated Scott Sand, Chief Executive Officer and Chairman of the Board.
| INGEN TECHNOLOGIES, INC. Stock Symbol :: IGNT |
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INGEN TECHNOLOGIES, INC. (IGNT)
Ingen Technologies, Inc. is an established medical device manufacturer with an emerging new medical product line for the respiratory market |
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Ingen Technologies, Inc. 35193 Avenue "A"
Phone: (800) 259-9622 |
· American Homepatient, Inc. provides home healthcare services and products consisting primarily of respiratory therapy services, home infusion therapy services, and the rental and sale of home medical equipment and home health care supplies. The Company’s services and products are paid for primarily by Medicare, Medicaid, and other third-party payors. OTCBB:AHOM Recent Price: $.23 · Lincare Holdings Inc. (Lincare) is a provider of oxygen and other respiratory therapy services to patients in the home. Lincare’s customers suffer from chronic obstructive pulmonary disease (COPD), such as emphysema, chronic bronchitis or asthma, and require supplemental oxygen or other respiratory therapy services in order to alleviate the symptoms and discomfort of respiratory dysfunction. Lincare primarily provides oxygen and other respiratory therapy services to patients in the home. NASDAQ:LNCR Recent Price: $31.41 |
| Current Projects |
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Ingen Brings Aboard Leading OEM Partner for Australia Ingen Technologies, Inc., recently announced that Medical Industries Australia has signed an OEM contract with Ingen. Approximately 1,000 COPD patients, each day, occupy a public hospital bed in Australia (at a cost of $580 per day). In many cases it’s due to an exacerbation requiring a respiratory investigative review with new titration and oxygen therapy needs established. Approximately 30,000 patients use Oxygen concentrators on a daily basis. Medical Industries Australia is a leading provider of sterile and non-sterile medical products, training and maintenance services for more than 20 years. |
Ingen Cuts Manufacturing Costs and Increases Its Margins Ingen Technologies, Inc. recently received a proposal from a leading manufacturer to help reduce production costs and material costs by 50% for the manufacture of the Oxyview and the Oxyview Nasal Cannula. Now that they are selling their respiratory products, and sales have escalated, they must reduce their cost of goods sold in order to increase their profit margins and decrease the costs to their dealers and buyers. This change will give the company a stronger foot-hold in the market. The company has a proprietary product and there is nothing in the marketplace that can compete with their device. |
| Company Overview |
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Ingen, Inc. (OTC.PK: IGNT) Ingen Technologies brings over 20 years of experience and dedication to the design and support of medical devices, Ingen has helped many medical professionals meet clinical and economic objectives. Ingen has developed medical products that provide a valuable benefit to the patient and cost savings to the insurance companies, Medicare and essentially the tax payer. The medical products provide a focus for the ever-increasing elderly population. These products are superior to any of our competition and they allow for effective medical product availability to seniors. Ingen’s Mission: Their Commitment to CustomersIngen is committed to meeting the needs of their customers through ongoing product innovation and support. Ingen distributes its products through a national distributor network domestically and in Canada, Asia and European Communities. Ingen’s commitment to customers continues beyond the sale of their product. The BeginningIngen, originally a privately owned company founded for the purpose of providing medical solutions for our growing healthcare market, is now a publicly traded company and growing medical device manufacturer. In 1999, Ingen founders invested several millions of dollars in the research and development of state-of-the-art respiratory monitoring devices, with a focus on helping patients and preventing unnecessary costs to the healthcare system. With multiple patents, FDA classification and certifications, Ingen is the largest manufacturer of gravity-independent in-line oxygen flow meters, meeting the demand of the growing patient population and service providers. Their products are manufactured in the USA. Their CapabilitiesThe company is proud of their capabilities in gas flow-meter technology and wireless digital data transfer of gas flow rate processing. Ingen is the first company to patent and develop transducers that detect oxygen flow rate and provide data transfer. This has revolutionized the oxygen therapy market providing user friendly solutions in monitoring oxygen levels and oxygen delivery systems. Ingen Technologies, Inc. introduces Oxyview®, the World’s First Patient In-Line Oxygen Flow-Meter. Another innovative respiratory product manufactured in the USA by Ingen Technologies; providing more confidence and assurance to patients using oxygen. Oxyview® is reusable, requires no batteries, works all the time in any position with all liquid or gas O2 systems, and easily installs anywhere below the cannula nearest the patient where oxygen flow matters the most. Oxygen suppliers and patients will appreciate that Oxyview® prevents many unnecessary service calls. Oxygen is an element, a gas, and a drug that can help people who have certain lung diseases. The cells in the body get their energy from the interaction of oxygen with food. The energy produced is used to do everything from breathing, to carrying out bodily functions, to going to the grocery store. Some lung diseases, such as emphysema and sarcoidosis, reduce lung function to the extent that supplemental oxygen is needed to continue normal bodily function. For many people with end stage lung disease, To say that we need oxygen to exist is as obvious as saying we need water. But as we all know, water can also be a destructive force. The key, of course, is having the right amount in the right place at the right time. That is just as important for oxygen, especially for those who require supplementary oxygen. An essential component to this remedy is a flow meter to ensure that the right amount of oxygen is being delivered, and just as important that it is being delivered at all. Regardless of the use of an oxymeter to measure blood gas, Oxyview® provides vital information related to functionality of the cannula and all of the oxygen equipment. If something is wrong with the cannula or equipment, the Oxyview® will show you immediately. This is usually achieved by a pneumatic flow meter, but most that are currently on the market are expensive, attach at the tank, and are gravity-operated, which means that they only work in the vertical position with or without the cannula attached at the delivery source. In contrast, Oxyview® attaches to the cannula close to the patient— where oxygen matters the most. Oxyview® is 97 percent accurate and works hands-free in any position, whereas the conventional flow meter is less than 80 percent accurate and does not attach to the cannula. Gravity-operated devices are also inconvenient for the patient since they must keep the tanks within sight to check the gauges for flow rate. If the tank is tilted even slightly, the gravity-operated flow meter becomes even more inaccurate and may cease functioning because friction is too great. One alternative is a digital flow meter, but these may be prohibitively expensive.
That’s why the Oxyview® flow meter (Ingen Technologies, Inc., Yucaipa, CA) is a significant advance in the technology. When first launched in November 2007, it represented a new generation of pneumatic real-time safety devices. It has some notable features: accurate to within + 3% and versatile enough to work with all respiratory equipment—CP AP, concentrators, liquid and gas cylinders, on-demand conservers and more. It is not gravity-dependent and so can be placed at any point in the tubing, even by the patients themselves. Having the device close by for easy viewing allows the patient assurance and confidence, knowing that there is a flow of oxygen at the correct level. They are also able to quickly see if the regulator or concentrator is not working properly. Leadership
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