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Corporate Profile
Milestone Scientific has developed and currently manufactures, markets
and sells a proprietary, computer-controlled system for the improved and
painless delivery of local anesthetic. The system is marketed in dentistry
under the trademark "STA™ System" and in medicine under the trademark
"CompuMed". STA™ System(TM) is suitable for all dental procedures.
CompuMed(TM) is suitable for many medical procedures regularly used in
Plastic Surgery, Hair Restoration Surgery, Podiatry, Colorectal Surgery,
Dermatology, Orthopedics and a number of other disciplines. STA™ System
and CompuMed are sold in the United States and worldwide in over 25 countries.
The company's products, STA™ System in the dental market, CompuMed in the
medical market and the disposable component, the Wand®
handpiece, were developed to penetrate the existing 150 year old syringe
marketplace. This market has changed little since the introduction of
the syringe, while the rest of medical science and technology have grown
by leaps and bounds. STA™ System and CompuMed are computer-controlled infusion
devices that provide a highly regulated rate of emission of anesthetics
and other medications. This controlled infusion allows for a drop of anesthetic
to always precede the needle tip during insertion., thus ensuring that
the needle traverses already anesthetized tissue. The controlled flow
also eliminates the "bee sting" effect, which is descriptive
of the pain associated with a surge of fluids into tissue.
These devices utilize a common disposable component, The Wand®
handpiece, which through its unique, patented ergonomic design, allows
the practitioner tactile control during the injection. Combined with the
variety of available drive units, the systems offer the practitioner a
greater choice of types of injection administered. More freedom of movement,
increased patient comfort, less anxiety (for both the patient and practitioner),
higher efficacy rate, greater infection control and safety, and reduced
potential liability are all attributes associated with its use. Recent
studies have also indicated that the system will reduce the amount of
anesthetic required, as the injection is site specific.
Milestone recently was granted broad patent protection on a safety-engineered
sharps technology, which can be used as an adjunct to the Wand and also
with other infusion devices, such as those used in intravenous procedures
and in certain specialized injections. This market was created when the
Federal Needlestick Safety and Prevention Act was passed into law in 2000.
The company was previously granted broad patent protection on a new technology
that when commercialized, will provide Milestone with a strong entry into
new markets, specifically the large and profitable hospital sector. CompuFlo
is a computer-controlled, pressure sensitive infusion, perfusion, suffusion
and aspiration device, which through touch screen technology, provides
a real time readout of pressures, fluid densities and flow rates, that
advances the delivery and removal of a wide array of fluids.
STA™ System and CompuMed have both gained recognition and accolades in clinical
and other intellectual studies. Clinical studies have demonstrated the
substantial advantages of using STA™ System and CompuMed. The CompuFlo,
independently developed by Milestone Scientific, matches the current efforts
of hospitals to reduce the high drug administration error rate. From efficacy,
to pain reduction, to lowering of anxiety, to safety - all are answered
by the company's products. The market trend is toward the products the
company currently has, not away from them. By augmenting the marketing
budget and implementation of this plan the company will be in the forefront
of its market with products already demanded by the customer.
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