Edison Nation Medical Secures Over $10 Million in Purchase Orders for Personal Protective Equipment in First Week Since Launc...
April 16 2020 - 7:30AM
Edison Nation, Inc., a multifaceted ecosystem that fosters
innovation and drives IP, media and consumer products, announces
that it has received over $10 million in orders for the purchase of
personal protective equipment during its first week since launch.
The current orders are for a range of products
including gel-based hand sanitizer, liquid sanitizer, and
protective masks, and the Company anticipates the orders will ship
during the current fiscal quarter. Our sourcing team has been
successful in its ability to secure verified suppliers for the
delivery of thirty-two Personal Protective Equipment (PPE) products
to address the COVID crisis as it continues to develop.
“With the Coronavirus pandemic effecting
thousands of families and healthcare workers in the U.S., we remain
focused on furthering the development of our PPE supply network and
the Edison Nation Medical brand,” said Edison Nation Chief
Executive Officer Chris Ferguson. “I appreciate the effort our U.S.
and Hong Kong based teams, as well as our feet on the ground in
China, who have worked so diligently around the clock to allow us
to deploy these products.”
CDC recommendations reflect the important role
of hand hygiene for preventing the transmission of pathogens in
healthcare settings for a wide range of pathogens. The ability of
hand hygiene, including hand washing or the use of alcohol-based
hand sanitizers to prevent infections is related to reductions in
the number of viable pathogens that transiently contaminate the
hands. Hand washing mechanically removes pathogens, while
laboratory data demonstrate that 60% ethanol and 70% isopropanol,
the active ingredients in both CDC-recommended alcohol-based hand
sanitizers and Edison Medical Hand Sanitizer products, inactivates
viruses that are genetically related to, and with similar physical
properties as, the 2019-nCoV.
The Company will inventory healthcare related
products including hand sanitizers, face masks and other PPE
products that will be available to our clients inclusive of
hospitals, government agencies, distributors and Fortune 500
retailers through its Edison Nation Medical portal.
About Edison Nation, Inc.
Edison Nation, Inc. (EDNT), is a multifaceted
ecosystem which fosters innovation and drives IP, media and
consumer products. Edison offers innovation sourcing, product
design, sales, manufacturing, and fulfillment services. Edison
Nation’s model is to source innovative ideas to launch internally
or license to brand partners. Edison Nation hopes to leverage its
television property, Everyday Edisons, to become the recognized
leader in the innovator community. For more information, please
visit www.edisonnation.com.
Forward-Looking Statements
This press release contains forward-looking
statements that involve substantial risks and uncertainties. All
statements, other than statements of historical facts, included in
this press release regarding strategy, future operations and plans,
including assumptions underlying such statements, are
forward-looking statements, and should not be relied upon as
representing the Company's views as of any subsequent date. Such
forward-looking statements are based on information available to
the Company as of the date of this release and involve a number of
risks and uncertainties, some beyond the Company's control, that
could cause actual results to differ materially from those
anticipated by these forward-looking statements, including
consumer, regulatory and other factors affecting demand for the
Company's products, any difficulty in marketing the Company's
products in global markets, competition in the market for consumer
products, any inability to raise capital to fund operations and
service the Company's debt. Additional information that could lead
to material changes in the Company's performance is contained in
its filings with the SEC. The Company is under no obligation to,
and expressly disclaims any responsibility to, update or alter
forward-looking statements contained in this release, whether as a
result of new information, future events or otherwise.
Investor Relations: Aimee Carroll Phone: (484)
893-0060 Email: Investors@edisonnation.comSource: Edison Nation,
Inc.Released April 16, 2020
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