Sharps Technology Enters Latin American Market and Receives First Orders for Securegard Disposable Smart Safety Syringes from Strategic Distribution Partner in Colombia
February 21 2024 - 8:00AM
Sharps Technology, Inc., (NASDAQ: “STSS” and “STSSW”), an
innovative medical device and pharmaceutical packaging company
offering patented, best-in-class syringe products, is preparing to
make the first shipment of its 1mL and 3mL Securegard smart safety
syringe line to the Latin American healthcare market.
The initial product orders have been placed through a
collaborative effort between Sharps and a Latin American
distribution partner based in Colombia and represent a significant
step towards promoting safer healthcare practices in the region.
Tapping into the growing interest in safety syringe technology in
Latin America, the collaboration will make the Securegard syringe
line available to hospitals, pharmacies, and direct points of sale
and will give healthcare networks access to utilizing the
technology and firsthand experience with its real-world
benefits.
“We are building strategic partnerships within the entire Latin
American distribution network to support region-wide efforts to
improve medical safety and healthcare outcomes. While implementing
wide-scale change can be challenging, we are well positioned to
introduce Securegard to healthcare agencies and facilities across
the region,” comments Robert Hayes, Sharps Technology CEO. “Based
on prior studies, we are confident that once healthcare
practitioners use Securegard syringes, they will want to continue
to use them in their practice, leading to ongoing purchase
orders.”
Securegard syringes provide clinicians with an ultra-low waste
drug delivery technology that incorporates active safety features
as well as World Health Organization accredited re-use prevention
measures. These features maximize the amount of drug therapy that
is available to patients while both protecting frontline healthcare
workers from life-threatening needle stick injuries and protecting
the public from the dangers of needle re-use. The introduction of
Securegard technology into Latin America can greatly enhance the
overall quality level of healthcare available in that market.
Product manufacturing is currently underway at the Sharps EU
facility, with delivery planned to occur within the next 90
days.
Securegard syringes offer a promising drug delivery solution for
healthcare markets, facilities, and providers by incorporating
safety and re-use prevention features into their design. Moreover,
the use of ultra-low waste syringe technology ensures that the
maximum number of doses of needed drug therapies can be made
available to the people who depend on them. This is not only
beneficial for healthcare professionals and patients across the
vast Latin American market, but also sets a positive example for
other regions to follow in adopting sustainable and safe medical
practices.
For additional information on Sharps Technology and its
Securegard smart safety syringes, please visit
www.sharpstechnology.com.
FORWARD-LOOKING STATEMENTS:
This press release contains “forward-looking statements”.
Forward-looking statements reflect our current view about future
events. When used in this press release, the words “anticipate,”
“believe,” “estimate,” “expect,” “future,” “intend,” “plan,”
“poised” or the negative of these terms and similar expressions, as
they relate to us or our management, identify forward-looking
statements. Such statements, include, but are not limited to,
statements contained in this press release relating to our business
strategy, our future operating results and liquidity, and capital
resources outlook. Forward-looking statements are based on our
current expectations and assumptions regarding our business, the
economy, and other future conditions. Because forward–looking
statements relate to the future, they are subject to inherent
uncertainties, risks, and changes in circumstances that are
difficult to predict. Our actual results may differ materially from
those contemplated by the forward-looking statements. They are
neither statements of historical fact nor guarantees of assurance
of future performance. We caution you therefore against relying on
any of these forward-looking statements. Important factors that
could cause actual results to differ materially from those in the
forward-looking statements include, without limitation, our ability
to raise capital to fund continuing operations; our ability to
protect our intellectual property rights; the impact of any
infringement actions or other litigation brought against us;
competition from other providers and products; our ability to
develop and commercialize products and services; changes in
government regulation; our ability to complete capital raising
transactions; and other factors relating to our industry, our
operations and results of operations. Actual results may differ
significantly from those anticipated, believed, estimated,
expected, intended, or planned. Factors or events that could cause
our actual results to differ may emerge from time to time, and it
is not possible for us to predict all of them. We cannot guarantee
future results, levels of activity, performance, or achievements.
The Company assumes no obligation to update any forward-looking
statements in order to reflect any event or circumstance that may
arise after the date of this release.
Investor Relations:
Dave Gentry
RedChip Companies, Inc.
1-800-RED-CHIP (733-2447)
Or 407-491-4498
STSS@redchip.com
Sharps Technology (NASDAQ:STSS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Sharps Technology (NASDAQ:STSS)
Historical Stock Chart
From Apr 2023 to Apr 2024