BSD Medical Announces Sale of the MicroThermX® Microwave Ablation System in
SALT LAKE CITY -- January 28, 2013
BSD Medical Corporation (NASDAQ:BSDM) (Company or BSD) (www.BSDMedical.com), a
leading provider of medical systems that utilize heat therapy to treat cancer,
announced today that the Company has sold a MicroThermX^® Microwave Ablation
(MicroThermX^®) system and antennas to P.J.V. Micromedics, P.C. (Micromedics).
Micromedics is BSD's exclusive distributor in Greece for the MicroThermX^®.
Micromedics is a leading, medical, specialty distributor in Greece and has
established relationships with key opinion leaders in the interventional
radiology field. Their extensive sales network provides a dedicated team of
market specialists presenting the advantages of the MicroThermX^® to hospitals
throughout Greece. Micromedics sells strategically adjacent products to the
same clinicians targeted for the MicroThermX^®.
Greece has a very progressive medical market. There are a large number of
practicing physicians working in Greece. Imports constitute approximately 93%
of the medical device market. High value medical equipment is imported in both
the public and private healthcare sectors.
About the MicroThermX^® Microwave Ablation System
The MicroThermX^® is a compact, mobile, state-of-the-art, proprietary system
that includes a microwave generator, single-patient-use disposable antennas
and a thermistor-based temperature monitoring system. The innovative design of
the MicroThermX^® is the first of its kind that allows delivery of higher
power levels using a single generator. The MicroThermX^® utilizes innovative
synchronous phased array technology that was developed and patented by BSD to
provide larger and more uniform zones of ablation during a single procedure.
The MicroThermX^® introduces into the Company’s product line innovative,
high-end disposables (SynchroWave antennas) that are used in each ablation
treatment and will provide a significant ongoing revenue stream. The soft
tissue ablation world market potential is estimated to exceed $2.3 billion.
The U.S. Food and Drug Administration (FDA) has granted the Company a 510(k)
clearance to market the MicroThermX^® for ablation of soft tissue. BSD has
also received CE Marking for the MicroThermX^® System, which allows BSD to
market the MicroThermX^® in Europe. CE Marking is also recognized in many
countries outside of the EU, providing BSD the ability to market the
MicroThermX^® to a number of international markets.
About BSD Medical Corporation
BSD Medical Corporation develops, manufactures, markets and services systems
to treat cancer and benign diseases using heat therapy, which is delivered
using focused radiofrequency (RF) and microwave energy. BSD’s product lines
include both hyperthermia and ablation treatment systems. BSD’s hyperthermia
cancer treatment systems, which have been in use for several years in the
United States, Europe and Asia, are used to treat certain tumors with heat
(hyperthermia) while increasing the effectiveness of other therapies such as
radiation therapy. BSD’s microwave ablation system has been developed as a
stand-alone therapy to employ precision-guided microwave energy to ablate
(destroy) soft tissue. The Company has developed extensive intellectual
property, multiple products in the market and established distribution in the
United States, Europe and Asia. Certain of the Company’s products have
received regulatory approvals and clearances in the United States, Europe and
China. For further information visit BSD Medical's website at
Statements contained in this press release that are not historical facts are
forward-looking statements, as defined in the Private Securities Litigation
Reform Act of 1995. All forward-looking statements are subject to risks and
uncertainties detailed in the Company's filings with the Securities and
Exchange Commission. These forward-looking statements speak only as of the
date on which such statements are made, and the Company undertakes no
obligation to update such statements to reflect events or circumstances
arising after such date.
BSD Medical Corporation
William (Bill) S. Barth, 801-972-5555
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