D. Medical Industries Ltd., a medical device company, through its subsidiaries, engages in the research, development, manufacture, and sale of products for diabetes treatment and drug delivery. The company offers durable and semi-disposable insulin pumps, which continuously infuse insulin into a patient’s body using proprietary spring-based delivery technology. The company’s Spring Universal Infusion Sets include various features, such as proprietary detach-detect mechanism, which alerts a patient when the infusion set detaches from the patient’s body. The company is also in the process of developing Spring Hybrid Patch Pump, a semi-disposable insulin patch pump. The company’s Spring Universal Infusion Sets include features, such as its proprietary detach-detect mechanism, which alerts a user when the infusion set detaches from the body. The company is in the process of developing its Spring Hybrid Patch Pump, a semi-disposable insulin patch pump. Technology and Products Spring Zone Pump The company’s Spring Zone Pump has received a CE Mark, which certifies that a product has met European Union consumer safety, health or environmental requirements. The Previous generation of the Spring Zone Pump, the Spring Adi Pump, has also received the CE Mark. The first generation of its Spring Adi Pump was cleared for marketing in the United States by the FDA and has also received the required regulatory approvals for marketing in Israel. Spring Universal Infusion Sets The company’s Spring Universal Infusion Sets can be used with insulin pumps that use luer locks or have an adaptor to use luer locks to connect the infusion set to the insulin pump. They have received a 510(k) clearance, a CE Mark, an Amar approval, and Free Sale Certificate - a registration certificate to market them in Israel. Spring-Set Health Solutions has also received a medical device license to market the Spring Universal Infusions Sets in Canada. The company markets the Spring Universal Infusions Sets as generic infusion sets in various countries in Europe, and entered into non-exclusive distribution agreements with U.S. distributors. Spring Hybrid Patch Pump The company’s Spring Hybrid Patch Pump is a semi-disposable insulin patch pump. The pump may be controlled directly, and is also accompanied by a wireless remote control with a large color screen and a blood glucose monitoring component. The Spring Hybrid Patch Pump is semi-disposable and features a drive mechanism and reservoir cartridge that are disposable and a control unit that is durable and can be used over a long period of time, for which it intends to provide a four-year warranty. Intellectual Property The company’s trademarks include Spring Health Solutions. It registered the trademark Spring, in the United States and expects the registration to be finalized shortly also in the European Union. Customers, Sales and Marketing The company sells its Spring Universal Infusion Sets through a limited size commercial pilot in various countries. Spring Health Solutions has entered into eight exclusive distribution agreements (and five non-exclusive agreements in the USA), which provide for the distribution of its products in Sweden, the Netherlands and Belgium, the Czech Republic, Poland, Mexico, China Canada and Greece. The company’s distributor in the Netherlands and Belgium has the right to distribute its products in its territory. History The company was incorporated as a private company in the state of Israel in 1992 under the name Pe’er Lifts and Industries (92) Ltd. In 1994, the company changed its name to Ram Zur Industries Ltd. In 2001, the company changed its name to Arit Systems Ltd., and, in 2005, it changed its name to D. Medical Industries Ltd.
d.medical industries ltd (DMEDF:OTC US)
3 HaSadna Street
Tirat Carmel, 39032
Phone: 972 4 855 0652
Fax: 972 4 850 0297www.dmedicalindustries.com
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