(OTCBB Symbol: EXNT) (German Symbol E8U; German WKN# A0HMDW)
Stock Guru Profile
EnXnet has a scanning device that detects surgical sponges tagged with radio frequency identification chips which will help operating room personnel detect foreign objects that have been inadvertently left inside patients.
In December 2004 the research firm Frost & Sullivan projected that revenues from RFID tracking systems used in the healthcare field would increase from $300 million in 2004 to more than $658 million in 2007.
EnXnet, Inc. has entered into a joint venture agreement to market their RFID product to detect surgical sponges.
As for a time line, Corley said the development is pretty far along and has progressed quickly, but before the item can be marketed, it will have to receive approval from the Food and Drug Administration.
EnXnet formed the joint venture with BAHF because BAHF has experience in the medical field.
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
SOURCES: EnXnet, Inc. and
Solutions – Bell & Howell Information and Learning Company – Volume 38; Issue 10; ISSN: 1542894X
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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