The Female Health Company / HLL Lifecare Limited Receive National AIDS Control Organization of India Order for 1.5 Million FC2 F
April 23 2009 - 8:30AM
PR Newswire (US)
CHICAGO, April 23 /PRNewswire-FirstCall/ -- The Female Health
Company (NYSE Alternext: FHC) which manufactures and markets the
FC1 and FC2 Female Condoms(R), today announces that its technical
collaboration with HLL Lifecare Limited (HLL) (formerly Hindustan
Latex Limited) has been successful in winning another order from
the National AIDS Control Organization of India. The order, for one
and a half million (1,500,000) female condoms, will be manufactured
in HLL's factory in Kochi, India. The female condom will be "FC2",
the Nitrile polymer version of FHC's female condom. (The technical
collaboration between the FHC and HLL has been partly funded by the
British Government's Department for International Development
through the Business Linkages Challenge Fund. The fund shares costs
and risk with business partnerships for improved competitiveness,
increased market access and to benefit the poor in Africa, Asia and
the Caribbean. For more details of the partnership visit
http://www.businesslinkageschallengefund.org/HealthFemaleContraception.aspx).
O.B. Parrish, Chairman and C.E.O. said that, "This order is the
result of HLL's and Hindustan Latex Family Planning Promotion
Trust's (HLFPPT) continuing commitment to make the female condom
accessible to the men and women of India. We are pleased to see the
program's continuing growth and especially proud to have enabled
production to commence in India for the Indian market. This is the
first initiative of its kind." Mr. M. Ayyappan, Chairman and
Managing Director, HLL Lifecare Limited stated, "This NACO led FC
Social Marketing initiative will enable millions of vulnerable
women to stay protected from HIV and other sexually transmitted
infections. We are extremely happy to supply the Female Condoms for
the NACO supported program from our commercial manufacturing
facility set up at Kochi in collaboration with FHC." About HLL
Lifecare Limited HLL Lifecare Limited (HLL)
(http://www.lifecarehll.com/), a government of India enterprise,
was incorporated in 1966 to make superior quality male condoms
widely available in India. Today, HLL is one of the world's largest
manufacturers of male condoms with an annual production capacity of
over 1.3 billion pieces. HLL also manufactures oral contraceptive
pills, intra-uterine devices, blood transfusion bags, surgical
sutures and rapid diagnostic kits. Headquartered in Trivandrum,
Kerala in South India, HLL has manufacturing facilities with the
ISO 9001:2000, ISO 13485:2003 and environmental management system
certifications. HLL has the FDA 510(K) registration, CE Mark, KITE
mark an, SABS mark for Male condoms. Today, HLL is the leading
social marketing organization in the country in the area of
contraceptives - with a market share of over 65 percent in the
rural and semi urban markets. HLL had recently tied up with the New
York-based philanthropic venture Acumen Fund to set up a chain of
low-cost high quality hospitals under 'Lifespring' brand in rural
India. HLL's brand today reach over 500,000 retail outlets in India
and are being exported to over 115 countries today. 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 (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 FC Female Condom(R), 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 Female Condoms(R) 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. 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:
Female Health Company CONTACT: William R. Gargiulo, Jr.,
+1-231-526-1244, or Donna Felch, +1-312-595-9123, both of Female
Health Company Web Site: http://www.femalehealth.com/
http://www.lifecarehll.com/ http://www.femalecondom.org/
http://www.businesslinkageschallengefund.org/HealthFemaleContraception.aspx
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