Zynex Announces a Second Utility Patent for Its Blood Volume Monitor

Rhea-AI Summary

Zynex, Inc (NASDAQ: ZYXI) announced the acquisition of a second U.S. Utility patent for its Blood Volume Monitor Device, enhancing protection for its non-invasive technology. Inventor Thomas Sandgaard has assigned the patent to Zynex Monitoring Solutions. This innovation aims to address the critical need for managing patient blood volume in surgical contexts, particularly regarding internal bleeding in recovery and intensive care units. The FDA-cleared CM-1500 device is currently in full production.

Positive

• Acquisition of a second U.S. Utility patent strengthens intellectual property protection.
• Non-invasive technology addresses unmet needs in surgical settings.
• FDA-cleared CM-1500 device is in full production.

Negative

• None.

ENGLEWOOD, Colo., Jan. 6, 2021 /PRNewswire/ -- Zynex, Inc. (NASDAQ: ZYXI), an innovative medical technology company specializing in the manufacture and sale of non-invasive medical devices for pain management, stroke rehabilitation, cardiac monitoring and neurological diagnostics, today reported it has obtained a second U.S. Utility patent for its Blood Volume Monitor Device. Thomas Sandgaard, the inventor, has assigned the patent to Zynex's subsidiary, Zynex Monitoring Solutions.

Thomas Sandgaard, CEO of Zynex said: "I am excited to receive additional patent protection for our non-invasive blood volume/blood loss technology. Not only are our algorithms well protected but the core principles of detecting body fluid imbalances in hospital settings are now even better protected.

We believe our non-invasive, easy-to-operate technology will serve a huge unmet need to manage patient blood volume in surgical settings, including internal bleeding in recovery and intensive care units. Our first generation CM-1500 device is cleared by the FDA and already in full production."

About Zynex, Inc. 
Zynex, founded in 1996, markets and sells its own design of electrotherapy medical devices used for pain management and rehabilitation; and the company's proprietary NeuroMove device designed to help recovery of stroke and spinal cord injury patients. Zynex also has a blood volume monitor for use in hospitals and surgery centers. For additional information, please visit: www.zynex.com.

Safe Harbor Statement

This release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, 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 and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore you should not rely on any of these forward looking statements.  The Company makes no express or implied representation or warranty as to the completeness of forward looking statements or, in the case of projections, as to their attainability or the accuracy and completeness of the assumptions from which they are derived. Factors that could cause actual results to materially differ from forward-looking statements include, but are not limited to, the need to obtain CE marking of new products, the acceptance of new products as well as existing products by doctors and hospitals, larger competitors with greater financial resources, the need to keep pace with technological changes, our dependence on the reimbursement for our products from health insurance companies, our dependence on third party manufacturers to produce our goods on time and to our specifications, implementation of our sales strategy including a strong direct sales force, the impact of COVID-19 on the global economy and other risks described in our filings with the Securities and Exchange Commission including but not limited to, our Annual Report on Form 10-K for the year ended December 31, 2019 as well as our quarterly reports on Form 10-Q and current reports on Form 8-K.

Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Contact: Zynex, Inc.  (800) 495-6670 

Investor Relations Contact:
Amato And Partners, LLC
Investor Relations Counsel
admin@amatoandpartners.com

 

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SOURCE Zynex

FAQ

What recent patent did Zynex (ZYXI) obtain?

Zynex obtained a second U.S. Utility patent for its Blood Volume Monitor Device.

How does Zynex's Blood Volume Monitor Device impact surgical settings?

The device addresses critical needs for managing patient blood volume, especially for internal bleeding in recovery and intensive care.

Is Zynex's CM-1500 device approved for use?

Yes, the CM-1500 device has received FDA clearance and is currently in full production.

Who is the inventor of the Blood Volume Monitor Device at Zynex?

The inventor is Thomas Sandgaard, who has assigned the patent to Zynex's subsidiary.

When was the patent for the Blood Volume Monitor announced by Zynex?

The patent announcement was made on January 6, 2021.