Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > Emergency Filtration Products and Applied Nanoscience Issue Progress Report

Abstract:
Emergency Filtration Products, Inc. (EFP) (PINKSHEETS: EMFP) and Applied Nanoscience Inc. (ANI) (PINKSHEETS: APNN) today issued the following progress report:

Emergency Filtration Products and Applied Nanoscience Issue Progress Report

LAS VEGAS, NV and HAUPPAUGE, NY | Posted on August 27th, 2007

The previously announced merger between ANI and EFP is proceeding and a definitive merger agreement is expected to be signed shortly. Annual financial statements for both EFP and ANI, as well as interim financial statements for the first and second quarter of 2007, are being prepared and are expected to be filed with the Securities and Exchange Commission (SEC) in the near future. Following the filings, a registration statement will be filed with the SEC. Once the registration is effective, the merger will be submitted to shareholders for approval. Annual shareholders' meetings for both companies are expected to take place as soon as possible in New York. Shareholders will be notified of the time and place for the annual meetings.

It was announced separately that following a post market audit, the Therapeutic Goods Administration in Australia maintained inclusion of the NanoMask™ on the Australian Register of Therapeutic Goods (ARTG). The significance of the NanoMask's continued inclusion on the ARTG is that EFP could begin to market the NanoMask in Australia and to certain other Asian countries in advance of FDA clearance, subject to the successful outcome of some of the testing that is now underway. As previously reported, EFP is conducting a series of tests in support of its 510k application for the NanoMask with the FDA in the United States. EFP will not market the NanoMask in the United States nor will it manufacture the NanoMask in the United States until it receives clearance from the FDA to do so.

"We always knew of the long term benefits of merging Emergency Filtration Products with Applied Nanoscience," said Philip Dascher, CEO, EFP. "Applied's intellectual property portfolio, which addresses a multiplicity of potential applications and a number of large domestic and international markets, broadened EFP's market opportunities and was the primary reason for us to combine the two companies." Mr. Dascher added, "However, the Applied team's contribution to support our FDA medical device application for the NanoMask has been invaluable, and will definitely help us in our efforts to get FDA clearance for the NanoMask."

"Our entire team, which comprises academics and industry professionals from the nanotechnology world, has been completely committed to assisting Emergency Filtration Products submit the best possible response to the FDA," said Thomas K. Allen, President and CEO, ANI. "While the ultimate value of Applied Nanoscience's contribution to the combined company will be made through continued focus on the development and expansion of our intellectual property and the future licensing opportunities that this will create, we recognize the importance of concentrating our resources to making sure that we are doing everything possible to try to obtain FDA clearance for the NanoMask."

####

About Emergency Filtration Products, Inc.
For further information about Emergency Filtration Products, please visit: http://www.emergencyfiltration.com

Safe Harbor Statement

This release may contain statements that are forward-looking. Such statements are made based upon current expectations that are subject to risk and uncertainty. EFP and AN do not undertake to update forward-looking statements in this news release to reflect actual results of and changes in assumptions or changes in other factors affecting such forward-looking information. The actual future plans and results of the companies could differ significantly from such forward-looking statements.

For more information, please click here

Contacts:
Philippe Niemetz
800-477-7570 or 212-344-6464

Investor Relations
PAN Consultants Ltd.

Copyright © Market Wire

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Announcements

INSCX™ exchange to present Exchange trade reporting mechanism for engineered nanomaterials (NMs) to UK regulation agencies, insurers and upstream/downstream users April 17th, 2014

Transparent Conductive Films and Sensors Are Hot Segments in Printed Electronics: Start-ups in these fields show above-average momentum, while companies working on emissive displays such as OLED are fading, Lux Research says April 17th, 2014

Harris & Harris Group Continues Its Blog Series to Highlight Most Impactful Portfolio Companies With Champions Oncology, Inc. April 17th, 2014

Energy Research Facility Construction Project at Brookhaven Lab Wins U.S. Energy Secretary's Achievement Award April 16th, 2014

Acquisitions/Mergers/Splits

Applied Nanotech Holdings, Inc. (OTCQB: APNT) and Nanofilm, Ltd. Sign Merger Agreement March 14th, 2014

Harris & Harris Group Notes Molecular Imprints' Semiconductor Business To Be Acquired By Canon February 14th, 2014

FEI Buys Digital Rock Solutions Provider and microCT Product: Lithicon’s Solutions Will Expand FEI’s Oil & Gas Industry Offerings February 5th, 2014

World Mobile Holdings, Inc. Completes Order for Signage Media Player System and Announces the Merger Plan January 9th, 2014

NanoNews-Digest
The latest news from around the world, FREE







  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More














ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE