sbn next venture

OMI Holdings [refer OMI ANNOUNCEMENTS


Proposed business plan ? OMI Sharpsafe
The Company now proposes to pursue the commericalisation of its product, the OMI Sharpsafe.
(a) Background
Medical syringe containers (also known as needle cases) have been available aroundthe world for a long time. These containers function to protect the enclosed syringes
from damage prior to use. Typically, the container comprises of a rigid housing in whicha number of syringes are held. The housing can be opened and any number of syringes can be removed from it. It is also possible for these containers to accommodate used syringes.
A significant disadvantage of these containers is that they are not suitable for use with a
needle exchange program. In a needle exchange program, a new needle (that is a syringe containing a needle) is given only when a used syringe is returned. With existing
medical syringe containers, there is no mechanism to ensure that a used syringe is returned prior to a new syringe being given.There is also the temptation for users to try to obtain new syringes without returning used
syringes. Conventional containers do not have security measures against this type of abuse. Even if the container is locked, it can be forced open and a new syringe can be
removed.
(b) What is OMI Sharpsafe
OMI Sharpsafe is an innovative medical syringe container.