Milestone Scientific Commences Sales of CompuFlo® / CathCheck™ Disposables within the UTMB Health Clear Lake Campus Hospital

Rhea-AI Summary

Milestone Scientific Inc. (NYSE:MLSS) announced that the University of Texas Medical Branch (UTMB) Health Clear Lake Campus Hospital has begun utilizing the CompuFlo® Epidural Instrument. This development follows the successful implementation at the UTMB Health Galveston Campus. CEO Arjan Haverhals noted the growing interest in their technology and the positive feedback from anesthesiologists. Milestone's innovative technology aims to enhance the precision and comfort of injections, marking a significant step in their expansion within the UTMB Health network.

Positive

• Expansion of CompuFlo® Epidural Instrument use to Clear Lake Campus, indicating growing acceptance.
• Positive response reported from anesthesiologists about the technology.

Negative

• None.

Agreement represents second hospital within the UTMB Health network

ROSELAND, N.J., July 07, 2021 (GLOBE NEWSWIRE) -- Milestone Scientific Inc. (NYSE:MLSS), a leading developer of computerized drug delivery instruments that provide painless and precise injections, today reported that the University of Texas Medical Branch (UTMB) Health Clear Lake Campus Hospital has begun use of the CompuFlo® Epidural Instrument. UTMB is an institution of the University of Texas System and agency of the State of Texas. UTMB is a major academic health sciences center of global influence, with medical, nursing, health professions and graduate biomedical schools; a world-renowned research enterprise; and a growing, comprehensive health system with hospitals on four campuses. As previously announced, Milestone had begun selling CompuFlo® disposables to the UTMB Health Galveston Campus Hospital.

Arjan Haverhals, CEO of Milestone Scientific, stated: “I am very pleased to announce that UTMB Health has expanded its use of the CompuFlo® Epidural Instrument, including its consumables to its Clear Lake Campus Hospital. This expansion follows successful use of the instrument and disposables at the Galveston Campus Hospital and is strong validation of the favorable response to our technology by leading anesthesiologists. At the same time, our new sales force initiatives are taking hold, and interest in the technology is growing.”

About Milestone Scientific Inc.

Milestone Scientific Inc. (MLSS) is a biomedical technology research and development company that patents, designs and develops innovative diagnostic and therapeutic injection technologies and instruments for medical, dental, cosmetic and veterinary applications. Milestone's computer-controlled systems are designed to make injections precise, efficient, and virtually painless. Milestone’s proprietary DPS Dynamic Pressure Sensing technology® is our technology platform that advances the development of next-generation devices, regulating flow rate and monitoring pressure from the tip of the needle, through platform extensions for local anesthesia for subcutaneous drug delivery, with specific applications for cosmetic botulinum toxin injections, epidural space identification in regional anesthesia procedures and intra-articular joint injections. For more information please visit our website: www.milestonescientific.com.

Safe Harbor Statement

This press release contains forward-looking statements regarding the timing and financial impact of Milestone's ability to implement its business plan, expected revenues, timing of regulatory approvals and future success. These statements involve a number of risks and uncertainties and are based on assumptions involving judgments with respect to future economic, competitive and market conditions, future business decisions and regulatory developments, all of which are difficult or impossible to predict accurately and many of which are beyond Milestone's control. Some of the important factors that could cause actual results to differ materially from those indicated by the forward-looking statements are general economic conditions, failure to achieve expected revenue growth, changes in our operating expenses, adverse patent rulings, FDA or legal developments, competitive pressures, changes in customer and market requirements and standards, and the risk factors detailed from time to time in Milestone's periodic filings with the Securities and Exchange Commission, including without limitation, Milestone's Annual Report for the year ended December 31, 2020. The forward-looking statements in this press release are based upon management's reasonable belief as of the date hereof. Milestone undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

Contact:
David Waldman or Natalya Rudman
Crescendo Communications, LLC
Email: mlss@crescendo-ir.com
Tel: 212-671-1020

FAQ

What is the significance of Milestone Scientific's partnership with UTMB Health?

The partnership signifies Milestone's technology adoption in a major health network, enhancing their market presence.

How does the CompuFlo® Epidural Instrument improve injections?

It provides precise and virtually painless injections, which is essential for patient comfort and procedural accuracy.

What does Milestone Scientific focus on?

Milestone Scientific focuses on developing advanced injection technologies for medical, dental, and veterinary applications.

What are the future prospects for Milestone Scientific after this announcement?

The announcement could lead to increased interest and potential sales growth, fueled by positive clinician feedback.

What other campuses are using Milestone's technology?

Previously, the CompuFlo® Epidural Instrument was adopted at the UTMB Health Galveston Campus Hospital.