Skyline Medical (Formerly Known as BioDrain Medical, Inc.)'s STREAMWAY® System Provides New Option For Radiology
Published: Jan 02, 2014
Skyline Medical's STREAMWAY® System Provides New Option for Radiology
MINNEAPOLIS, Jan. 2, 2014 /PRNewswire/ -- Skyline Medical Inc. (OTCQB: SKLN) (the "Company"), formerly BioDrain Medical, producer of the FDA-approved STREAMWAY System for automated, direct-to-drain surgical fluid disposal, formally introduced its flagship system to radiologists, radiology administrators and technologists at the Radiological Society of North America Scientific Assembly and Annual Meeting last month. The technology was well accepted.
The 99th Scientific Assembly and Annual meeting of the Radiological Society of North America, the premier annual radiology forum in the world, met in Chicago from December 1 6, 2013. Last year, more than 53,000 people attended the show, including 26,154 professionals from more than 110 countries.
The Company showcased its FDA-approved STREAMWAY System, which is designed to improve safety and efficiency in operating rooms, ambulatory surgical centers and other environments by safely and seamlessly managing surgical fluid waste disposal with its direct-to-drain technology. The STREAMWAY System virtually eliminates certain workers' exposure to blood, irrigation fluid and other potentially infectious fluids found in the surgical environment while dramatically decreasing costs to dispose of surgical waste. The STREAMWAY System is a stationary system designed to be installed into each surgical room that is hooked into a hospital's existing drain and vacuum system.
"Currently, radiology departments are doing Paracentesis and Thoracentesis procedures where glass evacuation bottles and plastic canisters are used for fluid collection and disposal. These procedures typically use a very high number of canisters for just one procedure," said Josh Kornberg, CEO of Skyline Medical. "Not only are these canisters and containers costly, but many RSNA attendees commented on the lack of availability and that they are looking for alternatives. Our STREAMWAY system provides Radiology Departments with a cost effective and reliable option."
Kornberg continued, "The STREAMWAY System is already an ideal solution for fluid waste management in the operating room. To add Radiology creates an additional department where the STREAMWAY system can benefit in terms of cost savings, safety to Radiology nurses and technologists and the safe direct-to-drain disposal of patient fluids. We are looking forward to presenting our system to all Radiology Departments who do these procedures and look forward to significantly growing sales into this space in 2014."
For more information about the STREAMWAY System, visit: www.skylinemedical.com.
About Skyline Medical Inc.
Skyline Medical Inc. produces a fully automated, patented, FDA cleared, surgical fluid disposal system that virtually eliminates operating room workers' exposure to blood, irrigation fluid and other potentially infectious fluids found in the surgical environment. Today's manual surgical fluid handling methods of hand-carrying filled surgical fluid canisters and emptying these canisters is an exposure risk and is not an optimal approach to the handling of surgical fluid waste. Skyline Medical's STREAMWAY System fully automates the collection, measurement and disposal of surgical fluids and is designed to result in: 1) reducing overhead costs to hospitals and surgical centers, 2) improving Occupational State and Health Association (OSHA) and other regulatory compliance agencies' safety concerns, and 3) streamlining the efficiency of the operating room (and thereby making surgeries more profitable).
Skyline Medical's STREAMWAY System is eco-friendly as it contributes to cleaning up the environment. Currently, approximately 50 million bloody, potentially disease infected canisters go to landfills annually in the United States. These tainted canisters can remain in landfills for years to come. With the installation of Skyline Medical's STREAMWAY System, the number of canisters can be significantly reduced. Skyline Medical Inc.'s STREAMWAY System is designed to make the operating room and our environment safer, cleaner, and better. Skyline Medical products are currently being represented by independent professional sales representatives that cater to the needs of hospitals and ambulatory surgical centers across the country. For additional information, please visit: www.skylinemedical.com.
Certain of the matters discussed in this announcement contain forward-looking statements that involve material risks to and uncertainties in the company's business that may cause actual results to differ materially from those anticipated by the statements made herein. Such risks and uncertainties include, among other things, inability to raise sufficient additional capital to operate our business; approximately $1.4 million in debts, liabilities and cash obligations that become due over the next twelve months, potential claims for past violations of shareholders' preemptive rights, the amount of which claims is impossible to estimate, as discussed in the Company's Form 10-Q for the quarter ended June 30, 2013;unexpected costs and operating deficits, and lower than expected sales and revenues, if any; adverse economic conditions; adverse results of any legal proceedings; the volatility of our operating results and financial condition; and inability to attract or retain qualified senior management personnel, including sales and marketing personnel;our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to possibly license from others patents and patent applications necessary to develop products; the Company's ability to implement its long range business plan for various applications of its technology; the Company's ability to enter into agreements with any necessary marketing and/or distribution partners; the impact of competition, the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company's technology; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company's reports filed with the Securities and Exchange Commission, which are available for review at www.sec.gov. This is not a solicitation to buy or sell securities and does not purport to be an analysis of the company's financial position. See the Company's most recent Annual Report on Form 10-K, as amended, and subsequent 8-K and other filings at www.sec.gov.
Public Relations Contact:
KCSA Strategic Communications
Investor Relations Contacts:
Phil Carlson / Josh Dver
KCSA Strategic Communications
212-896-1233 / 212-896-1239
SOURCE Skyline Medical Inc.
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