BioElectronics Investor Updates
Thursday, May 9, 2013
New Product Patent Published
The World Intellectual Property Organization, International Bureau has published our new patent (#WO2013059804) “Pulsed Electromagnetic Field Device with Adhesive Applicator”.
The new patent combines Pulsed Electromagnetic Field (PEMF) Technology with the combining of an adhesive that contains a therapeutic substance such as Salicylate, a Nicotinate Ester, Capsaicin, Isopropanol, Menthol or a combination thereof. In modern medicine, salicylic acid and its derivatives are used as constituents of some rubefacient products. Methyl Salicylate can be used as a liniment to soothe joint and muscle pain; and choline salicylate can be used topically to relieve the pain of mouth ulcers. Therefore, when the PEMF technology is combined with a therapeutic substance, the pain relief is immediate and longer lasting even when the immediate sensation wears off.
“We consistently protect our intellectual property throughout the world with new patents, constant innovation and descriptive pricing”, said John Martinez, Director of Engineering. “I am pleased that this is our tenth patent granted to us worldwide.”
New Middle East Distributor
We have established distribution in Iraq with Mazaya Scientific Bureau for the ActiPatch® musculoskeletal therapy, Allay™ menstrual pain, and RecoveryRx™ post-operative and chronic wound products.
Mazaya Scientific Bureau (www.mazaya-sb.com) is a leading private wholesale distributor based in Baghdad, specializing in the sales, marketing and distribution of pharmaceuticals, medical supplies, and laboratory products. Mazaya has an existing specialized sales force of sixty (60) medical professionals. Mazaya will establish a focused sales group to distribute BioElectronics products as it has done for the products of the Americo Group (www.americocorp.com) based in Northfield, Illinois. “We believe these exceptional and unique products for pain relief will be well received by the people of Iraq,” said Ammar Jawad, MD, President and CEO of Mazaya on his recent visit to BioElectronics.
Iraq has a population of thirty-one (31) million people with rapidly growing economy. It is a solid addition to our Middle East regional expansion.
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Next Investor Update: Thursday, May 9, 2013
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