The Female Health Company to Expand Manufacturing Capacity for FC2 Female Condom By 150%
March 12 2009 - 8:30AM
PR Newswire (US)
CHICAGO, March 12 /PRNewswire-FirstCall/ -- The Female Health
Company (NYSE Alternext: FHC) - today announced plans to install
six more production lines for its FC2 Female Condom(TM), increasing
its annualized FC2 production capacity in Malaysia from 30 million
units to approximately 75-80 million units. Currently, The Female
Health Company is manufacturing its second-generation product, FC2,
on four production lines in Malaysia. The Company, in conjunction
with its Indian partner, HLL Lifecare Limited, currently produces
FC2 on a fifth production line located in Kochi, India. Mike Pope,
V.P., U.K. and Malaysian operations indicated: "The Malaysian
production expansion will bring the total FC2 female condom
manufacturing capacity to an annualized rate of approximately 85
million units by early in the fourth quarter of calendar year
2009." "Based on growing demand for the female condom reported by
our major public sector customers that are involved in the global
battle against the HIV/AIDS pandemic and the recent approval of FC2
by the U.S. Food and Drug Administration, we have elected to
increase FC2 production capacity as noted," stated O.B. Parrish,
Chief Executive Officer of The Female Health Company. "The demand
for the female condom has been increasing rapidly with unit growth
of 34% for FY 2008." The approval by FDA permits sale of FC2 in the
United States and purchases by the United States Agency for
International Development for distribution in HIV/AIDS prevention
programs throughout the world. The Company is very pleased that the
lower cost FC2 will now increase access by women to the Female
Condom on a global basis About The Female Health Company The Female
Health Company, based in Chicago, Illinois, manufactures and
markets the FC Female Condom(R) (FC1) and the FC2 Female Condom(TM)
(FC2), which are primarily distributed by public health
organizations and donor groups in over 90 developing countries
around the world. Globally, the Female Condoms are available in
various programs in 116 countries. The Company owns certain
worldwide rights to the FC1, including patents that have been
issued in the United States, United Kingdom, Japan, France, Italy,
Germany, Spain, the European Patent Convention, the People's
Republic of China, Canada, South Korea and Australia. FC1 and FC2
are the only available FDA-approved products controlled by a woman
that offer dual protection against sexually transmitted diseases,
including HIV/AIDS, and unintended pregnancy. "Safe Harbor"
statement under the Private Securities Litigation Reform Act of
1995. - The statements in this release which are not historical
fact are "forward-looking statements" as that term is defined in
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements in this release include expectations
regarding the cost of and demand for FC2. These statements are
based upon the Company's current plan and strategies, and reflect
the Company's current assessment of the risks and uncertainties
related to its business, and are made as of the date of this
release. The Company assumes no obligation to update any
forward-looking statements contained in this release as a result of
new information or future events, developments or circumstances.
Such forward-looking statements are inherently subject to known and
unknown risks and uncertainties. The Company's actual results and
future developments could differ materially from the results or
developments expressed in, or implied by, these forward-looking
statements. Factors that may cause actual results to differ
materially from those contemplated by such forward-looking
statements include, but are not limited to, the following: product
demand and market acceptance; competition in the Company's markets
and the risk of new competitors and new competitive product
introductions; the Company's reliance on its international partners
in the consumer sector and on the level of spending on the female
condom by country governments, global donors and other public
health organizations in the global public sector; the economic and
business environment and the impact of government pressures; risks
involved in doing business on an international level, including
currency risks, regulatory requirements, political risks, export
restrictions and other trade barriers; the Company's production
capacity; efficiency and supply constraints; and other risks
detailed in the Company's press releases, shareholder communication
and Securities and Exchange Commission filings, including the
Company's Form 10-K for the fiscal year ended September 30, 2008.
Actual events affecting the Company and the impact of such events
on the Company's operations may vary from those currently
anticipated. For more information about the Female Health Company
visit the Company's website at http://www.femalehealth.com/ and
http://www.femalecondom.org/ . If you would like to be added to the
Company's e-mail alert list, please send an e-mail to . DATASOURCE:
The Female Health Company CONTACT: William R. Gargiulo, Jr.,
+1-231-526-1244, or Donna Felch, +1-312-595-9742, both for The
Female Health Company Web Site: http://www.femalehealth.com/
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