EXNT – EnXnet, Inc.
(OTCBB Symbol: EXNT) (German Symbol E8U; German WKN# A0HMDW)
Stock Guru Profile EXNT
EnXnet, Inc. produces products that are applicable in many arenas!
EnXnet Acquired a 100% Patent Rights for Use of Modified Harmonic Radar for Application in Medical Operating Rooms — and now has entered into a relationship with Medical-D-Tect-OR, LLC to display and distribute this life saving and law suit preventing technology!
Modified Harmonic Radar Technology allows an Operating Room Physician to be certain he or she has not left disposables such as gauze, sponges or towels in the patient’s body after surgery. This oversight can range from deathly, to costly, and is certainly inconvenient for the patient, the physician and the hospital.
The legal term is: Res Ipsa Loquitur – meaning the thing speaks for itself. If disposables are left in a patient the law concludes one legal answer is obvious — that negligence has occured. Medical negligence is the bane of every hospital, physician and medical malpractice carrier in the world!
EnXnet’s solution has the potential to revolutionize operating room procedures around the world, potentially saving thousands of lives and otherwise unnecessary additional medical procedures and precious healthcare dollars.
EnXnet acquired all of patent rights held by Mr. Robert O. Myers, a Molecular Physicist for Modified Harmonic Radar. The patent application was originally filed in August 2006.
How this Technology Works:
The Detection System Technology is designed for use in the medical industry – specifically in operating rooms. A diode would be embedded into disposables such as gauze, laparotomy sponges, OR towels and the like that are used in the body during operations. Once an operation and/or other medical procedure is complete but prior to closing the incision, a wand held by a medical technician would be waved over the patient to detect the diode which is embedded in the disposables at manufacture preventing the disposables from being left in the patient’s body.
Medical D-Tect-OR, LLC Vehicle for this Technology
To support this direction EnXnet has announced that they have increased their ownership from a 25% to a 35% equity position in Medical D-Tect-OR, LLC by assigning their patent rights for a system to detect foreign objects inside the human body during operations. BAHF, LLC retains 65% equity interest in the joint venture company – Medical D-Tect-OR, LLC.
EnXnet’s solution may revolutionize operating room procedures around the world, potentially saving thousands of lives and avoiding otherwise unnecessary additional medical procedures. A working version of this technology has already been displayed and proven. Medical-D-Tect-OR, LLC will be demonstrating a more user-friendly working prototype to the medical industry in the near future.
“The joint venture with the BAHF is really exciting,” said Ryan Corley, CEO of EnXnet. “They bring a wealth of marketing and distribution expertise to Medical D-Tect-OR.”
This ambitious company has three patent applications on file with the United States Patent Office:
- Optical disc having a reduced planar thickness Patent Application Number: 20060198281
- Providing automatic format conversion via an access gateway in a home Patent Application Number: 20050232284
- Optical disk storage case Patent Application Number: 20050077196
EnXnet, Inc.
James M. Farinella,
One Anderson Road,
Suite #105,
Bernardsville, NJ 07924
908-204-0004
DVDPlus
EnXnet Inc., Tulsa
Ryan Corley, 918-592-0015
Fax: 918-592-0016
investor@enxnet.com
www.enxnet.com
or
For Investor Relations:
Integrated Capital Partners, Inc
Phone: 908-204-0004
or
Duplium Corporation
Keith Eckhardt
National Sales Manager
2029 Westgate Drive
Suite 120
Carrollton, TX 75006
972-512-0014
email: keckhardt@duplium.com
Safe Harbor Statement: All statements contained herein, as well as oral statements that may be made by the Company or by officers, directors or employees of the Company acting on the Company’s behalf, that are not statements of historical fact, constitute “forward-looking statements” and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties are outlined in the Company’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
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