SAN FRANCISCO, Dec. 17 /PRNewswire-FirstCall/ -- Medizone International, Inc. Chairman of the Board and Chief Executive Officer, Edwin Marshall, today outlined the company's plans moving forward for its hospital sterilization system, AsepticSure(TM). "Our laboratory expansion at Medizone's dedicated research facility located in Innovation Park at Queen's University in Kingston, Ontario, Canada has now been completed. Full scale-up testing is scheduled to commence there in January, following the holidays. Our laboratory results continue to produce consistent and repeatable 6 log (99.9999%) reductions for the bacteria of concern in the hospital environment that are considered the main causative agents of hospital acquired infections (HAIs). We are now expecting to replicate those results in full scale room testing."
"Under the revised business plan, in the hospital arena for AsepticSure(TM) sales and service, Medizone expects to partner with large, well established companies that are already fully embedded in that sector as suppliers, such as medical device manufactures or service companies. The company anticipates that it may partner with several such companies, perhaps covering different geographical markets such as North America, Asia and Europe." Marshall continued, "The same may prove to be true for the outsourcing of additional manufacturing capacity, we will not necessarily be tied to one manufacture for increased manufacturing capacity. By developing relationships with multiple corporate partners, management believes we will be able to maintain better control over our products and obtain more competitive returns, thereby potentially increasing the share value for our shareholders." Marshall stressed that the business plan may be adjusted in the future to adapt to developing conditions. "While we expect this business plan to guide our future moves, the company has only held preliminary talks with two potential corporate partners in the hospital sector. We are still at an early stage in evaluating the value in potential relationships and have not committed to any corporate relationship as of this time."
Medizone International, Inc., is a research and development company engaged in developing its AsepticSure(TM) technology to decontaminate and sterilize hospital surgical suites, emergency rooms, intensive care units, schools and other critical infrastructure. Mock-up trials are scheduled to begin in January for both public (hospital) and government (bio-terrorism countermeasures) applications.
Medizone International, Inc.
