DECN ENGAGES SECOND KOREAN MANUFACTURING PARTNER TO RAISE ITS FACTORY CAPACITY TWO MILLION BOXES OF "GEN" TEST STRIPS ANNUALLY
December 17 2018 - 9:55AM
InvestorsHub NewsWire
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ALSO READIES IMMINENT APPEAL IN THE JOHNSON & JOHNSON PATENT
INFRINGEMENT MATTER WITH THE U.S. COURT OF APPEALS FOR THE FEDERAL
CIRCUIT ++
Los Angeles, CA -- December 17, 2018
-- InvestorsHub Newswire -- Decision Diagnostics Corp. (OTC:PINK:
DECN) Decision Diagnostics Corp. is a 16 year old diabetes
focused bio-technology R&D firm, manufacturer, quality plan
administrator, FDA registered medical device customer support
organization, and exclusive worldwide sales and regulatory process
agent for a growing brand of glucose test strips and meters as
highly accurate alternatives for legacy diabetic, proprietary, and
pet testing glucose test strips. The company’s current portfolio of
test strips includes its GenUltimate!, GenChoice!, GenSure!, and
GenUltimate! TBG test strips, its Avantage! and Precise!
Glucometers, and its PetSure! and GenUltimate! 4Pets testing
products for dogs, cats and horses.
Decision Diagnostics is pleased to
announce that as of February 1, 2019 the company will bring on an
additional contract manufacturer in Korea with additional
manufacturing capacity to handle the company’s existing products as
well as its new products. As stated on December 11, DECN has
realigned its product technologies into two tool-boxes, a
GenUltimate! technologies tool-box, which includes the company’s
GenUltimate!, GenUltimate! 4Pets, GenSure! and GenUltimate! TBG
test strip products, as well as a GenChoice! technologies tool box,
which includes the company’s GenChoice!, PetSure! and an as yet
unannounced new legacy test strip alternative. The new
ISO-approved manufacturing facility in Korea will have two
manufacturing lines, each line with the capacity of 1 million units
(boxes) annually.
Keith Berman, CEO of Decision
Diagnostics Corp. stated, “We have been in negotiation with our
latest partner for a number of months, waiting for their contracts
with other firms to come to term in a manner that allows DECN to
take full advantage of this larger facility. The new
facility, located just outside of Seoul, Korea will not require
additional large capital investment and only minimal tooling
change.”
On a separate note, the company also
announced that they are in the process of applying for and
receiving additional small business registration status with the
U.S. FDA. This status will further facilitate the filing of
the 510K application for the company’s GenChoice!
product.”
Mr. Berman concluded, “We will have an
additional discussion in the coming days that will cover important
details about our 2019 products and development plans as discussed
in our December 11, 2018 news release. But we also plan an
announcement in the next several days about our appeal in the
Johnson and Johnson patent infringement case. This appeal will be
filed imminently. We anticipate the Court of Appeals to again come
to a Precedential ruling in this matter.”
ABOUT DECISION DIAGNOSTICS
CORP
Decision Diagnostics Corp. is the leading
manufacturer and worldwide distributor of diabetic test strips
engineered to operate on legacy glucose meters. DECN's products are
designed to operate efficiently and less expensively on certain
glucose meters already in use by almost 7.5 million diabetics
worldwide. With new inspired technology diabetic test strips
already in the final stages of development, DECN products compete
on a worldwide scale with legacy manufacturers currently selling to
71+ percent of a $12 billion at-home testing
market.
Forward-Looking
Statements
This
release contains the company's forward-looking statements which are
based on management's current expectations and assumptions as of
December 14, 2018, regarding the company's business and
performance, its prospects, current factors, the economy, and other
future conditions and forecasts of future events, circumstances,
and results.
CONTACT
INFORMATION:
Decision Diagnostics Corp.
Keith Berman (805) 446-2973
info@decisiondiagnostics.com
www.genultimate.com
www.genchoice.com
www.petsureteststrips.com
www.pharmatechdirect.com
SOURCE: Decision
Diagnostics Corp.
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