Safety Medical Products Limited 25 Fenden Road, Salisbury Plain, South Australia Australia, 5109 ACN 007 817 192 Phone: (08) 8285 5226 Fax: (08) 8285 3228 Email: [email protected] Website: www.safetymed.com.au ASX Code: SFP SafetyMed® is a registered trademark of Safety Medical Products Ltd General Manager The Company Announcements Office Australian Stock Exchange Limited Australia Square Sydney NSW 1215 SecureTouch Syringe - Successful Production Trial and TGA Approval for Breath Test Kits Dear Sir/Madam, PRODUCTION TRIAL – SECURETOUCH RETRACTABLE SYRINGE Safety Medical Products Ltd (ASX Code: SFP) is extremely pleased to announce a successful full production trial run of its SecureTouch Retractable Syringe Assembly Machine. Following the final modifications and commissioning of the Automated Assembly Machine, a production run of over 20,000 Safety Syringes were manufactured in a five hour time period at an average hourly output of over 4,000 units. Production peaked at over 4,600 units per hour. This result validates the extra time spent in improving production efficiency prior to shipping to the Exel syringe plant in Korea. A complete quality test is currently underway to ensure strength and operational consistency, with early results indicating 100% of production to date will successfully pass. These results will verify the Machine’s built in Quality Assurance Mechanisms. This high volume manufacturing of a quality safety syringe is believed to be an Australian first, with the syringes being available to the market at prices that will be competitive with standard syringes keeping in line with SafetyMed’s earlier pricing predictions. The Company will conduct further production runs and testing this week ahead of the equipment’s expected June departure to the Exel syringe facility in Korea. Exel management have been constantly updated on the machines progress, and are extremely excited about the opportunity that this significant achievement presents in the wake of the US legislation making the use of safety devices mandatory this year. IN-VITRO DIAGNOSTIC REAGENTS AND KITS – TGA APPROVAL SafetyMed is also pleased to announce the receipt of TGA Approval as a Manufacturer of the In- Vitro Diagnostic Reagents and Kits developed by Nidor Pty Ltd. These simple breath test kits are used to provide a quantitative assessment of the health and function of the small intestine and designed to be useable in clinical settings or in patients own homes. They are currently being trialed at the Women’s and Children’s Hospital in Adelaide. The kits contains all required materials, including breath collection tubes, and simple easy to follow instructions for the user. On completion, the tests can be repacked and mailed back to the designated laboratory for analysis. Assembly and packaging will be carried out under contract at Safetymed’s Salisbury facility. This brings to Safety Medical Products further opportunity to expand its’ suite of exceptional products as well as an additional revenue stream. Yours faithfully, John Riemelmoser Managing Director For further information please contact: Mr. John Riemelmoser Mr. Duncan Gordon Managing Director Investor Relations Safety Medical Products Limited Adelaide Equity Partners Limited Ph. 08 8285 5226 Ph. 08 8232 8800 About Safety Medical Products Limited SafetyMed is a company focused on developing and marketing a unique range of Safety Products led by its flagship SecureTouch retractable syringe. The company’s strategy of acquiring related companies to more rapidly secure economical development, distribution and sales of its products will see it continue to achieve strong bottom line growth throughout 2007.
SFP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
