E Med Future, Inc. Acquires Medical Safety Technologies, Inc.

COLUMBUS, Ohio and PLANT CITY, Fla.-- E Med Future, Inc., a manufacturer of medical safety products, and UTEK Corporation, an innovative technology transfer company, announce that E Med Future, Inc. has acquired Medical Safety Technologies, Inc. (MSTI), a UTEK subsidiary.

MSTI holds the worldwide exclusive license to a patented invention, known as the Safe Receptacle for Sharps that is designed to aid in the safe transport of sterile and used sharp medical instruments. This Emory University invention was developed to help reduce the possibility of needlestick injuries by maintaining medical instruments in an angled, accessible position while encasing their sharp edges.

According to Robert J. Ochsendorf, president and CEO of E Med Future, Inc., "We are building an innovative medical safety product business designed to help protect the healthcare worker. We are enthusiastic about adding the Safe Receptacle for Sharps device to our product line. We believe that it is a complimentary technology to our NeedleZapr portable needle destruction device and by expanding our future product line, we hope to bring added value to the sales and distribution channel we are building."

"We are very enthusiastic about working with E Med Future, Inc. as they help to commercialize our patented Safe Receptacle for Sharps device," said Jason McDevitt, senior licensing associate at Emory University's Office of Technology Transfer.

"UTEK is pleased to assist E Med Future, Inc. to identify technology acquisition opportunities that fit their strategic vision for a safe healthcare environment," commented Clifford M. Gross, PhD, CEO of UTEK.

E Med Future, Inc. manufactures and markets medical safety products. Its first product is a new portable needle destruction device, called NeedleZapr, developed specifically to help reduce accidental needlestick injuries in the workplace. When a used hypodermic needle is inserted into the FDA approved unit, the patented electrode system disintegrates the needle in approximately two seconds at 2,200 degrees F, leaving the syringe intact.

Emory University is a leading research university known for its academically demanding undergraduate college, highly ranked professional schools and world-class research facilities. For more than a decade, Emory has been named one of the country's top 25 national universities by U.S. News & World Report.

UTEKr is an innovative technology-transfer company dedicated to building bridges between university-developed technologies and commercial organizations.

Source: E Med Future, Inc.