Revolutions Medical, www.revolutionsmedical.com – developers of revolutionary medical imaging solutions and breakthrough products like the FDA-approved RevVac safety syringe and safety IV catheter, reported finalizing a manufacturing agreement with Medical Investment Group (MIG) today which secures a guaranteed delivery of some 5M 3cc safety syringes per month over a five-year period.
CEO of RMCP, Ron Wheet, indicated that the ability to ship this quantity of syringes per month starting in Q1 FY11 puts the Company in an excellent position to sign initial distributors and begin quantifying preliminary sales volume figures.
The 250k sq ft, FDA- and CE/EC-compliant manufacturing facility is located on a 35-acre lot in Jiangsu, China.
With the potential to produce 50M syringes per month, MIG’s contracted facility is the recipient of several awards. It implemented the ISO13485 standard for medical devices in 2007, and has readily passed each annual review since, as well as a recent on-site FDA audit.
Wheet indicated that manufacturing of the 1cc, 5cc and 10cc RevVac safety syringes, also in RMCP’s product lineup, would be at a facility in South Carolina.
President of RMCP, Tom O’Brien, has vetted several of the FDA-approved medical devices produced at the MIG facility, and expressed great confidence that the quality of the syringes will be first class.
Updating shareholders, Wheet noted that 2009 guidance positing Q3 shipment of syringes this year was contingent upon financing earlier this year, and that the new agreement with MIG (as well as recent access to capital) will enable the aforementioned Q1 FY11 ship date.
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