Jan. 10, 2012
Dehaier Medical Systems Ltd.
(NASDAQ: DHRM) ("Dehaier" or the "Company"), an emerging leader in the development, assembly, marketing and sale of medical devices and homecare medical products, today announced that it has received Conformite Europeenne (CE) certification for its sleep diagnostic devices and air compressors.
Dehaier's DHR-998 sleep diagnostic device collects data on patients' respiration flow, pulse, oximetry, thoracoabdominal breathing, snoring and body position. Dehaier's air compressors are key supplemental devices for medical ventilators. The CE mark recognizes that the two products meet European Union (EU) health and safety standards and are approved for sale in the 27 member states of the EU and in the four members of the European Free Trade Association (EFTA).
, Chairman and Chief Executive Officer of Dehaier Medical stated, "We are thrilled to obtain the CE marking, which validates the high quality and manufacturing standards of Dehaier's innovative medical products. This lays a strong foundation for us to offer our sleep diagnostic devices and air compressors in the EU markets. Moreover, we intend to leverage this approval to further expand our distribution network in the European Union as well as other markets that rely on the CE mark process."
"We already ship our air compressor products to the
. Following the CE approval, we will continue to seek more distribution and OEM opportunities worldwide," said Ms.
, Director of Dehaier's International Marketing. "The CE marking strengthens our ability to cooperate with potential distributors from EU countries. In the near term, we look to establish a strong footprint in the European market, which presents an enormous potential for Dehaier's medical equipment and homecare products."
About Dehaier Medical Systems Ltd.
Dehaier is an emerging leader in the development, assembly, marketing and sale of medical products, including respiratory and oxygen homecare medical products. The company develops and assembles its own branded medical devices and homecare medical products from third-party components. The company also distributes products designed and manufactured by other companies, including medical devices from IMD (
), Welch Allyn (
), HEYER (
), Timesco (UK), eVent Medical (US) and JMS (
). Dehaier's technology is based on five patents and five software copyrights; additionally Dehaier has three pending patents, six pending software copyrights and proprietary technology. More information may be found at
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events, government approvals or performance, and underlying assumptions and other statements that are other than statements of historical facts, including in particular statements about Dehaier's international growth plans and prospects(such as any plans to expand into European markets), future acceptance of its products in
and abroad, receipt of regulatory approvals for Dehaier's products, the impact of receipt of such approvals on business prospects and results of relationships with distributors. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, future developments in payment for and demand for medical equipment and services, implementation of and performance under the joint venture agreement by all parties, and other risks contained in reports filed by the company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
Dehaier Medical Systems Limited
Dehaier Medical Systems Limited
SOURCE Dehaier Medical Systems Ltd.