NanoVibronix Files Provisional U.S. Patent Application for UroShield Ultra

Rhea-AI Summary

NanoVibronix, Inc. (NASDAQ: NAOV) has filed a provisional patent application for its enhanced UroShield device, titled "Multiple Frequency Surface Acoustic Waves for Internal Medical Device." The newly developed UroShield Ultra aims to improve catheter coupling and reduce bacterial infections with multiple actuators operating at various frequencies. CEO Brian Murphy emphasized its role in preventing Catheter Associated Urinary Tract Infections (CAUTI), a leading source of hospital-acquired infections. This innovation strengthens NanoVibronix's intellectual property portfolio and its position in the medical device market.

Positive

• Filing of a provisional patent for UroShield Ultra enhances product offerings.
• UroShield Ultra improves catheter coupling and aims to reduce CAUTI occurrences.
• Strengthens intellectual property portfolio and competitive position in the medical device market.

Negative

• None.

Next Generation Device Configured with Multiple Frequencies to Enhance Product Performance and Effectiveness

ELMSFORD, N.Y.--(BUSINESS WIRE)-- NanoVibronix, Inc., (NASDAQ: NAOV) (the “Company”), a medical device company utilizing the Company's proprietary and patented low intensity surface acoustic wave (“SAW”) technology, today announced it has filed a new provisional patent application with the United States Patent and Trademark Office (“USPTO”) entitled “Multiple Frequency Surface Acoustic Waves for Internal Medical Device” (the "Patent Application") related to its UroShield.

The Patent Application covers a recently developed enhancement to the UroShield product, UroShield “Ultra”, which incorporates improvements to the Company’s original UroShield. The next generation UroShield Ultra includes modified housing that is designed to improve catheter coupling and incorporates multiple actuators that work in sequence to discourage bacterial docking by delivering SAWs at multiple frequencies directly to indwelling catheters.

“UroShield is, to our knowledge, the only proven, effective solution for the prevention of Catheter Associated Urinary Tract Infections (“CAUTI”), the single highest source of hospital acquired infections,” stated Brian Murphy, Chief Executive Officer of NanoVibronix. “This new filing expands our portfolio of intellectual property assets and reinforces our competitive position. UroShield has been proven to be instrumental in improving outcomes for hospital patients suffering from CAUTI. We are continually seeking opportunities to improve our products and by employing cutting edge technology.”

About NanoVibronix, Inc.

NanoVibronix, Inc. (NASDAQ: NAOV) is a medical device company headquartered in Elmsford, New York, with research and development in Nesher, Israel, focused on developing medical devices utilizing its patented low intensity surface acoustic wave (SAW) technology. The proprietary technology allows for the creation of low-frequency ultrasound waves that can be utilized for a variety of medical applications, including for disruption of biofilms and bacterial colonization, as well as for pain relief. The devices can be administered at home without the assistance of medical professionals. The Company’s primary products include PainShield®, UroShield® and WoundShield®, all of which are portable devices suitable for administration at home without assistance of medical professionals. Additional information about NanoVibronix is available at: www.nanovibronix.com.

Forward-looking Statements

This press release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified; consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with: (i) market acceptance of our existing and new products or lengthy product delays in key markets; (ii) negative or unreliable clinical trial results; (iii) inability to secure regulatory approvals for the sale of our products; (iv) intense competition in the medical device industry from much larger, multinational companies; (v) product liability claims; (vi) product malfunctions; (vii) our limited manufacturing capabilities and reliance on subcontractor assistance; (viii) insufficient or inadequate reimbursements by governmental and/or other third party payers for our products; (ix) our ability to successfully obtain and maintain intellectual property protection covering our products; (x) legislative or regulatory reform impacting the healthcare system in the U.S. or in foreign jurisdictions; (xi) our reliance on single suppliers for certain product components; (xii) the need to raise additional capital to meet our future business requirements and obligations, given the fact that such capital may not be available, or may be costly, dilutive or difficult to obtain; (xiii) our conducting business in foreign jurisdictions exposing us to additional challenges, such as, e.g., foreign currency exchange rate fluctuations, logistical and communications challenges, the burden and cost of compliance with foreign laws, and political and/or economic instabilities in specific jurisdictions; and (xiv) market and other conditions. More detailed information about the Company and the risk factors that may affect the realization of forward looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at: http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events, or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230321005237/en/

Investor Contacts:

Brett Maas, Managing Principal, Hayden IR, LLC

brett@haydenir.com

(646) 536-7331

Source: NanoVibronix, Inc.

FAQ

What is the purpose of the new patent application by NanoVibronix (NAOV)?

The new patent application aims to protect enhancements in the UroShield Ultra device, which incorporates multiple frequencies to improve catheter performance and reduce infections.

How does UroShield Ultra differ from the original UroShield?

UroShield Ultra features modified housing for better catheter coupling and uses multiple actuators to deliver surface acoustic waves at various frequencies.

What medical issue does UroShield address?

UroShield is designed to prevent Catheter Associated Urinary Tract Infections (CAUTI), which are a major source of hospital-acquired infections.

What is the significance of the filing for NanoVibronix (NAOV)?

The filing enhances NanoVibronix's intellectual property portfolio and reinforces its competitive position in the medical device industry.