LANGHORNE, Pa., Dec. 10 /PRNewswire-FirstCall/ -- Nesco Industries, Inc.'s (NESCO, OTC Bulletin Board: NESK) subsidiary Hydrogel Design Systems, Inc. (HDS) today announced a strategic partnership with Noble Fiber Technologies, Inc (Noble). HDS and Noble will develop a line of SilverSeal(R) advanced woundcare products utilizing HDS’s advanced hydrogel manufacturing technologies and Noble’s X-STATIC(R) silver technology platform. The FDA has already granted 510(k) clearance to market the product.
NESCO President Matthew Harriton stated, “We believe the patent pending SilverSeal(R) Hydrogel product sets a new performance standard in the industry. We are combining the best hydrogel and silver technologies to create a line of products to aid in the healing of chronic hard-to-heal wounds that may be infected as a result of a high bacterial count.”
“We are delighted with this latest advancement towards our company’s objective of becoming a global technology leader in the medical markets,” stated William McNally, CEO of Noble Fiber Technologies, “and we are confident that the strategic partnership with Hydrogel Design Systems will result in innovative and cost-effective solutions for many of the problems facing the clinician on the front lines of wound healing and patient care.”
Noble Fiber Technologies, Inc. manufactures advanced biotechnology materials for use in the medical, industrial and consumer markets. X-STATIC(R) is a universally coated, permanently bonded silver fiber system engineered to provide multiple benefits -- including antimicrobial, anti-odor, thermal and conductive -- in a single delivery platform. For more information about Noble Fiber and X-STATIC(R) please call 877-978-2842 or visit http://www.noblefiber.com/.
Hydrogel Design Systems develops, manufactures and markets high water content, electron beam cross-linked, aqueous polymer hydrogels used for wound care, medical diagnostics, transdermal drug delivery and cosmetics. HDS gels are produced using unique proprietary manufacturing technologies which enable HDS to produce gels that can satisfy rigid tolerance specifications with respect to a wide range of physical characteristics while maintaining product integrity. HDS gels are also stable in form and composition, adhere painlessly to the human body and are compatible with active ingredients.
All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.
FORWARD-LOOKING STATEMENTS
All statements other than statements of historical fact included in this release, including without limitation, statements regarding the marketability of the products discussed, financial position and business strategy of NESCO and HDS and plans and objectives of management for future operations, are forward-looking statements. When used in this release, words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “will,” “could,” “may,” and similar expressions, identify forward-looking statements. Such forward-looking statements are based on the beliefs of, as well as assumptions made by and information currently available to, NESCO’s and HDS’ management. Actual results could differ materially from those contemplated by the forward- looking statements as a result of certain factors, including but not limited to, competitive factors, pricing pressures, capacity and supply constraints; market acceptance of new products and services; risks associated with the entry into new markets; and delays in product delivery. Such statements reflect management’s views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to operations, and results of operations. Readers are cautioned not to place undue reliance on these forward-looking statements. Neither NESCO nor HDS undertakes any obligation to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events.
Nesco Industries, Inc.
CONTACT: David A Loewenstein of Strategic Corporate Initiatives Ltd,+1-516-676-3366, or Strategiccorp@AOL.com
Web site: http://www.noblefiber.com/
