Encision to Manufacture Its Own Disposable Scissor Inserts
27 Giugno 2007 - 2:00PM
PR Newswire (US)
BOULDER, Colo., June 27 /PRNewswire-FirstCall/ -- Encision Inc.
(AMEX:ECI), a medical device company owning patented surgical
technology that is emerging as a standard of care in
minimally-invasive surgery, announced that it will begin to
manufacture its own disposable scissor inserts this summer. "Sales
of our disposable scissor inserts represent approximately 50% of
our sales and we believe that we will be able to achieve a major
cost reduction by producing our own disposable scissor inserts,"
said Jack Serino, President & CEO of Encision. "We also expect
to provide better control over the quality and consistency of this
significant product line. By owning the process and manufacturing
expertise for our disposable scissor inserts, we believe that we
will add intrinsic value to Encision." "Last fiscal year, to
accommodate the disposable scissor insert manufacturing, we
expanded our facilities by leasing an additional 9,000 square feet
of space adjacent to our present facility in Boulder. In May 2007,
we entered into a lease for the manufacturing equipment. The
manufacturing process is highly automated and will allow for
significant volume increases without the need for significant
headcount increases. Field evaluations comparing our present
vendor-made disposable scissor inserts to Encision-made disposable
scissor inserts have been successfully completed." Encision Inc.
designs, develops, manufactures and markets innovative surgical
devices that allow surgeons to optimize technique and patient
safety during a broad range of surgical procedures. Based in
Boulder, Colorado, the Company pioneered the development of
patented AEM(R) Laparoscopic Instruments to improve electrosurgery
and reduce the chance for patient injury in minimally invasive
surgery. In accordance with the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995, the Company notes
that statements in this press release and elsewhere that look
forward in time, which include everything other than historical
information, involve risks and uncertainties that may cause actual
results to differ materially from those indicated by the
forward-looking statements. Factors that could cause the Company's
actual results to differ materially include, among others, its
ability to increase revenues through the Company's distribution
channels, insufficient quantity of new account conversions,
insufficient cash to fund operations, scale up production to meet
delivery obligations, delay in developing new products and
receiving FDA approval for such new products and other factors
discussed in the Company's filings with the Securities and Exchange
Commission. CONTACT: Marcia McHaffie, Encision Inc., 303-444-2600,
DATASOURCE: Encision Inc. CONTACT: Marcia McHaffie of Encision
Inc., +1-303-444-2600, Web site: http://www.encision.com/
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