ZEVEX Announces Numico Launch of Flocare(R) Infinity(TM) Enteral Feeding Pump in Europe
24 August 2005 - 11:00PM
Business Wire
ZEVEX International Inc. (Nasdaq: ZVXI) today announced the
European launch of a new robust, lightweight, enteral feeding pump
through its marketing partner, the clinical nutrition division of
Royal Numico, Nutricia Clinical. The Flocare(R) Infinity(TM),
manufactured by ZEVEX, is a private-label version of ZEVEX's new
Infinity enteral feeding pump that provides patients in hospitals,
nursing homes, or at home with the lightest, most accurate, and
longest-lasting, battery-operated pump available in Europe. ZEVEX
began marketing its own EnteraLite(R) Infinity(TM) enteral feeding
pump in the United States in January 2005. Enteral nutrition, or
tube feeding directly into the gastrointestinal tract, is indicated
for patients who cannot maintain their nutrition needs via normal
oral feeding. Patients who benefit from enteral tube feeding
include post-stroke and head and neck trauma victims, and those
with cancer, gastrointestinal and esophageal disorders. David J.
McNally, CEO and president of ZEVEX, said, "We are extremely
pleased that the Flocare Infinity pump is being introduced by
Nutricia Clinical into key European markets. The superior
performance and benefits of our pump technology will support
Nutricia Clinical's continued market share growth in those markets.
This launch culminates a tremendous amount of collaboration and
hard work between both of our product development and marketing
teams. "Pursuant to our agreements with Royal Numico, ZEVEX is
manufacturing the Flocare Infinity pump, disposable components, and
accessories for distribution by Nutricia Clinical into more than 30
countries outside of North America. Under these agreements, ZEVEX
expects to realize approximately $3.5 million in revenue in 2005
and $7 million in annual revenue for several years thereafter from
the sale of the Flocare Infinity pump and other products,"
continued McNally. Rudy Mareel, president of Nutricia Clinical,
Numico's clinical nutrition division, said, "I am delighted to be
able to add this industry-leading Flocare pump to our complete
enteral care package. The first priority of Nutricia Clinical has
always been to offer the most flexible solutions while paying the
most rigorous attention to safety. "Our Nutrison Pack offers the
most flexible packaging format for specialized clinical nutrition.
Our feeding tubes in DEHP-free plastic lead the competition in this
important safety area. We will market the Flocare Infinity pump as
an integral component of our total tube feed offering. We are
confident of rapid success, and we look forward to a strong and
lasting relationship with our partners at ZEVEX," continued Mareel.
Patented ZEVEX technology removes barriers to portability and ease
of use that are commonly faced by enteral nutrition patients.
Because the new Flocare Infinity pump includes a 24-hour battery
and weighs just 14.4 ounces (408 grams), Flocare patients can be
mobile and feed at any place or time. The Flocare Infinity's keypad
and display are easy for patients and caregivers to understand and
use. Its feature set includes the widest flow-rate range and
largest display text of any enteral pump, and it is the only pump
on the market that can be cleaned under running water. The
engineering breakthrough for cleaning the pump addresses a need
expressed by caregivers to easily maintain the pump without fear of
damage. Patented ZEVEX sensing technology also allows the pump to
operate without annual calibration of pump sensors, further
reducing the cost of ownership. The Flocare Infinity's versatility
makes it well-suited for use by patients of all ages in hospitals,
nursing homes or at home. About ZEVEX International Inc. ZEVEX
International Inc. (www.zevex.com), founded in 1986, transforms
life with its patented and proprietary medical device technologies.
The Therapeutics division manufactures and markets enteral
nutrition delivery devices. The Applied Technology division designs
and manufactures advanced medical components and systems for
medical technology companies. About Royal Numico N.V. Royal Numico
N.V. (www.numico.com) is a specialized nutrition company with
leading positions in baby food and clinical nutrition, with annual
revenue of almost $2.0 billion. The company operates in more than
100 countries and employs approximately 11,000 people. Nutricia
Clinical, Numico's clinical nutrition division, holds leading
market positions for clinical nutrition products in Europe and
other key markets and generated more than $600 million in revenue
in 2004. Forward-Looking Statements Statements made in this press
release, including those relating to anticipated revenue growth and
other statements regarding future performance, are forward looking
and are made pursuant to the safe harbor provisions of the
Securities Litigation Reform Act of 1995. Such statements involve
risks and uncertainties that may cause actual results to differ
materially from those set forth in these statements. Among other
things, the company's efforts to increase its sales could be more
difficult or expensive than the company currently anticipates.
Specifically, the agreements between Royal Numico and ZEVEX may not
produce projected sales growth. In addition to the foregoing, the
economic, competitive, governmental, technological and other
factors identified in the company's filings with the Securities and
Exchange Commission, including the Form 10-K for the year ended
Dec. 31, 2004, may cause actual results or events to differ
materially from those described in the forward-looking statements
in this press release.
Zevex (NASDAQ:ZVXI)
Historical Stock Chart
From May 2024 to Jun 2024
Zevex (NASDAQ:ZVXI)
Historical Stock Chart
From Jun 2023 to Jun 2024