Protectus Medical Devices, Inc. is proving to be a company on the move. Located in Minneapolis, Minnesota, Protectus, formerly known as E-18 Corp., operates through its wholly-owned subsidiary SquareOne Medical which develops and markets innovative safety medical devices that have the potential to drastically reduce needlestick injuries for medical professionals across the globe. Today, Protectus Medical took a major step towards prominence with the announcement they have received a U.S. Patent for its self-sheathing safety syringe.
The patent which was granted by the U.S. Patent and Trademark Office is No. 7,799,002. This patent will provide 20 years of patent protection for this unique spring structure and earns the young company a great deal of credibility on Wall Street.
The Protectus Safety Syringe offers an array of unique functions and safety features as specified by the OSHA mandate. This state-of-the-art item is not only of the most innovative products on the marketplace but will also be priced at the low-end of the market’s pricing spectrum.
Leading the way at Protectus is John Salstrom Ph.D. Salstrom is a noted name in the industry and serves as the company’s CEO. When asked about the benefits of this patent, Salstrom was quoted as saying, “Because the spring is a central feature of the other devices in our Company’s development pipeline — namely, two Safety Dental Syringes, a Safety IV Catheter and a Safety Phlebotomy Device — this patent also provides 20 years of patent protection for each of these devices, in addition to the patent protection that each will have pending issuance of individual patents filed or to be filed for each device.”
Currently, Protectus Medical Devices, Inc. is trading in the $0.10 range. With the potential of the Safety Syringe and the protection provided by this patent, Protectus Medical Devices may be a company that investors will consider watching more closely.
To learn more about the company and this patent, visit the company website at: www.protectusmedical.com.
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