Sharps Technology Receives ~$100K Initial Purchase Order from Hungarian Vaccine Provider for SecureGard™ Syringes
May 06 2025 - 7:00AM
Sharps Technology, Inc. (NASDAQ: “STSS” and “STSSW”) (“Sharps”), an
innovative medical device and pharmaceutical packaging company
offering patented, best-in-class smart-safety syringe products to
the healthcare industry, announces the receipt of a $100,000
purchase order from a Hungarian vaccine provider. This order
supports the recently announced $400,000 SoloGard™ order, which is
part of a broader $50 million agreement that was previously
announced with a U.S. company and represents the first SecureGard™
order from this Hungary-based company.
“I am pleased to announce our second significant purchase order
to date, bringing our total orders received for Q2 to approximately
$500,000,” stated Robert Hayes, Chief Executive Officer of Sharps
Technology. “These latest orders mark the first for our SecureGard
and Disgard™ product lines, and we are excited to begin what we
anticipate will be a long-term relationship with these customers.
With this milestone, Sharps has officially transitioned into a
commercial-stage company, which is a pivotal moment in our growth
trajectory.”
In addition to the recent order for SecureGard, Sharps also
received an initial qualification order for the DisGard Sharps
Recovery System - a compact, single-use surgical sharps container
designed to support safe, point-of-use disposal in operating rooms
and outpatient procedures. The system plays a vital role in
surgical inventory recovery by securing small sharps immediately
after use, helping healthcare providers reduce loss of surgical
instruments and mitigate injury risks.
Mr. Hayes concluded: “SecureGard, SoloGard, and DisGard are all
manufactured at our state-of-the-art facility in Hungary, where we
currently maintain inventory levels to meet ongoing and future
demand. We are well-positioned to execute on our expanding pipeline
of purchase agreements and remain focused on scaling production and
fulfillment. We look forward to keeping our shareholders informed
as we continue building momentum and delivering on our strategic
vision.”
About SecureGard® Retractable Safety
Syringe:The SecureGard Retractable Safety Syringe is a
single-use, sterile, disposable hypodermic syringe with a needle
attached which is intended for dispensing/administering fluids in
medical practice. The key safety feature, where the clinician
retracts the hypodermic needle by manually locking the plunger onto
the needle hub, withdrawing the plunger, pulling the needle into
the barrel and breaking the plunger, virtually eliminates the
accidental clinical reuse of the syringe and accidental needle
stick injuries.
Advantages of SecureGard Retractable
Needles:
- Low dead space (LDS) – reduce drug wastage
- No change in technique, requires minimal training
- Manual retraction
- Low-cost solution
- Latex free
- Breakaway plunger
- Available in 1ml, 3ml and 5ml capacity
- Watch a video on SecureGard: HERE
- Visit the SecureGard website: HERE
About Sharps Technology:Sharps Technology is an
innovative medical device and pharmaceutical packaging company
offering patented, best-in-class smart-safety syringe products to
the healthcare industry. The Company’s product lines focus on
providing ultra-low waste capabilities, that incorporate syringe
technologies that use both passive and active safety features.
Sharps also offers products that are designed with specialized
copolymer technology to support the prefillable syringe market
segment. The Company has a manufacturing facility in Hungary. For
additional information, please visit www.sharpstechnology.com.
FORWARD-LOOKING STATEMENTS:This press release
contains “forward-looking statements”. Forward-looking statements
reflect our current view about future events. When used in this
press release, the words “anticipate,” “believe,” “estimate,”
“expect,” “future,” “intend,” “plan,” “poised” or the negative of
these terms and similar expressions, as they relate to us or our
management, identify forward-looking statements. Such statements,
include, but are not limited to, statements contained in this press
release relating to our business strategy, our future operating
results and liquidity, and capital resources outlook.
Forward-looking statements are based on our current expectations
and assumptions regarding our business, the economy, and other
future conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks, and
changes in circumstances that are difficult to predict. Our actual
results may differ materially from those contemplated by the
forward-looking statements. They are neither statements of
historical fact nor guarantees of assurance of future performance.
We caution you therefore against relying on any of these
forward-looking statements. Important factors that could cause
actual results to differ materially from those in the
forward-looking statements include, without limitation, our ability
to raise capital to fund continuing operations; our ability to
protect our intellectual property rights; the impact of any
infringement actions or other litigation brought against us;
competition from other providers and products; our ability to
develop and commercialize products and services; changes in
government regulation; our ability to complete capital raising
transactions; and other factors relating to our industry, our
operations and results of operations. Actual results may differ
significantly from those anticipated, believed, estimated,
expected, intended, or planned. Factors or events that could cause
our actual results to differ may emerge from time to time, and it
is not possible for us to predict all of them. We cannot guarantee
future results, levels of activity, performance, or achievements.
The Company assumes no obligation to update any forward-looking
statements in order to reflect any event or circumstance that may
arise after the date of this release.
Investor Contact:Holdsworth
PartnersAdam HoldsworthPhone: 917-497-9287Email:
IR@sharpstechnology.com
Sharps Technology (NASDAQ:STSS)
Historical Stock Chart
From May 2025 to Jun 2025
Sharps Technology (NASDAQ:STSS)
Historical Stock Chart
From Jun 2024 to Jun 2025