VANCOUVER, BRITISH COLUMBIA--(Marketwire - October 29, 2010) - Pyng Medical Corp. (TSX VENTURE: PYT) announced today that it anticipates releasing fiscal year 2010 results in mid-December that reports record unit shipments in September, more than in any previous month in the company's history. "What's most significant is that this positive sales momentum comes from three different markets," according to Nadine Gaston, Global Vice President of Sales and Marketing. Firstly, sales for FAST1® in the US Federal market hit a new high with large purchases going into Afghanistan. Secondly, as EMS Medical Directors across the USA integrate new tourniquet protocols into their standard of care, the MAT® tourniquet was most often chosen with a resulting increase in revenues for this device. Finally, the International markets outside the United States continue the growth in a trend we've seen over the course of the fiscal year, as the Outside United States percentage of overall revenue increases. Ms. Gaston states, "It is especially encouraging to see these sales results prior to receiving 510(k) for FASTx™ Sternal which has just opened new business opportunities in the US market along with our earlier launches in Europe and Asia."
Highlights for 2010 include record units of FAST1® devices shipped in July, August and September which total more than 20,000 units. The FASTx™ received regulatory clearances in both the USA and Canada. And the CRIC™ received European CE Mark and Health Canada clearances.
About Pyng Medical Corp.
Pyng Medical Corp. commercializes award-winning trauma and resuscitation products for front-line critical care personnel. Pyng's expanded product portfolio includes a variety of innovative, lifesaving tools. With growing markets in North America, Europe and Asia, Pyng offers user-preferred medical devices for use by hospital staff, emergency medical services and military forces worldwide.
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