Xcelerate, Inc. Files Medical Surgical Device Patent

Rhea-AI Summary

Xcelerate, Inc. (OTC Markets:XCRT) has signed a Membership Interest Purchase Agreement to acquire a 51% interest in AfiyaSasa Africa, LLC, a medical technology and virtual health start-up founded by Dr. Dilan Ellegala and Doyle Word. Additionally, Xcelerate has obtained patent pending status for its invention, 'Surgical Tools with Targeting Guidance', aimed at enhancing surgical procedures through improved tool handling and precision. This represents the beginning of a series of planned patents as Xcelerate advances its mission of integrating engineering with clinical care.

Positive

• Acquisition of 51% interest in AfiyaSasa Africa to enhance market positioning.
• Patent pending for innovative surgical tools aimed at improving surgical precision.
• Potential for future patents, indicating ongoing R&D and innovation.

Negative

• None.

MAULDIN, SC / ACCESSWIRE / March 25, 2022 / Xcelerate, Inc. (OTC Markets:XCRT) recently announced that it signed a Membership Interest Purchase Agreement to acquire a 51% interest in AfiyaSasa Africa, LLC, ("ASA") a start-up medical technology and virtual health company, recently founded by Dr. Dilan Ellegala and Doyle Word.

Today Xcelerate is proud to announce that it obtained patent pending status for its first invention "Surgical Tools with Targeting Guidance". Filed under application number 63/323,112 on Thursday, March 24^th. This application represents the commencement of Xcelerate's stated mission of "utilizing non-medical engineering advancements and applying them to clinical care". The co-inventors of this patent application are Xcelerate Advisory Board members Dr. Anja Glisovic and Dr. Dilan Ellegala.

"This filing is the first of a series of planned related patents which Xcelerate plans to file in the coming months" said Michael O'Shea Xcelerate's CEO.

"The device improves handling and precision of surgical tools by aiding the surgeon in observing the surgical site. It can adjust tool alignment and target acquisition. It will integrate target marker projection in the tool and utilize camera miniaturization. It will be able to give the surgeon a 1st-person "tool view" of the surgical site as well as distance information between tool and the intended point of surgical incision in real time. This will allow procedures to both progress faster and with extreme accuracy. This improvement will benefit patients and surgeons alike" commented Dr. Glisovic. Dr. Glisovic received her PhD in X-Ray and Material Physics from Germany's Georg-August Universitat and went on to become the head of the R&D Laboratory, Chief Science Officer for the Fraunhoffer Institute, the world's leading applied research organization. She holds numerous patents in the fields of medical devices, chemical engineering, and small arms and munitions.

"Dr. Glisovic believes that these instruments will be adaptable to many existing surgical devices enhancing the market potential for these surgical instruments even further". "This adaptability will allow Xcelerate to seek licensing, royalty and or joint venture arrangements with existing instrument manufacturers" stated Mr. O'Shea. "The combination of these advances, combined with the coating technology evidenced in or existing patent license, should enable many surgical drills to operate at higher speeds with a smaller instrument profile" commented Dr. Ellegala.

For more information please contact info@xcelerate.global.

SAFE HARBOR

This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and actual results may differ materially from those projected in forward-looking statements resulting from various factors.

SOURCE: Xcelerate, Inc.

View source version on accesswire.com:
https://www.accesswire.com/694652/Xcelerate-Inc-Files-Medical-Surgical-Device-Patent

FAQ

What recent acquisition did Xcelerate, Inc. announce?

Xcelerate, Inc. announced a Membership Interest Purchase Agreement to acquire a 51% interest in AfiyaSasa Africa, LLC.

What patent did Xcelerate file recently?

Xcelerate filed for a patent pending status for 'Surgical Tools with Targeting Guidance' aimed at improving surgical precision.

When did Xcelerate file the patent application?

The patent application was filed on March 24, 2022.

Who are the co-inventors of Xcelerate’s new surgical tools patent?

The co-inventors are Dr. Anja Glisovic and Dr. Dilan Ellegala.