DECISION DIAGNOSTICS PROVIDES ADDITIONAL COMMENTARY ABOUT ITS NEW GENACCORD!™, DIABETIC TEST STRIP
20 Dezember 2017 - 4:15PM
InvestorsHub NewsWire
DECN GenAccord!™ Offers Newly Innovative “EITHER / OR” Technology, Allowing Its Diabetic Test Strip To Work On More Than One Legacy Diabetic Meter
LOS ANGELES, CA -- December 20, 2017 --
InvestorsHub NewsWire -- Decision Diagnostics Corp.
(OTC
PINK: DECN) is a manufacturer, quality planadministrator, FDA
registered medical device customer support organization, and
exclusive worldwide sales and regulatory process agent for the
GenUltimate!™ ("Sunshine") diabetes test strip, the new
internationally launched GenSure!™ ("Feather") diabetes test strip,
and the clinical trial ready GenChoice!™ "Ladybug" diabetes test
strip, as well as three other unique test strips and meters in
development, including our panacea strip and meter system the
highly innovative GenPrecis!™ .
Today, DECN previews the GenAccord!™
test strip, the company’s latest product addition to its suite of
blood glucose test strips. GenAccord!™ significantly becomes
the company’s first derivative product expansion employing the
GenPrecis!™ full spread electro-chemistry technology.
Keith Berman, CEO of Decision
Diagnostics, commented, “GenAccord!™ is a significant
technological advancement. Rather than being limited to a single
test meter or family of test meters made by a single legacy
manufacturer, GenAccord!™ is adaptive to multiple different
generations of meters where the glucose chemistries are similar.
Remarkably, this strip works precisely and accurately with new
meter technology or with
vintage meters. It features the flexibility of functioning with
meters made by the same or different legacy manufacturers,
regardless of generation or vintage, since many meter and strip
systems evolved from the same technology roots. Each
GenAccord!™ test strip would operate with two different meter
combinations.”
Mr. Berman continued, "There are
approximately 29 million glucometers in use worldwide. GenAccord!™,
could reasonably generate $65 million annually in the traditional
Type II marketplaces, and an additional $17 million annually in
Type 1, Gestational, and Type 1.5 marketplaces with net profits
approaching 20%. GenAccord!™, will initially be compatible with
products manufactured by one strong worldwide industry leader,
meters and test strip systems currently used by approximately
800,000 diabetics worldwide. This strong worldwide industry
player first introduced their legacy meter in 2005, and then
followed up with an improved system introduced in 2014.
GenAccord!™ will work on both meters and provide the earlier
legacy meter with improvements included in the second legacy
meter.”
Mr. Berman concluded, " GenAccord!™,
contributes to our vision of transforming DECN into a legacy
technology pioneer and manufacturer. Our engineers were charged
with the task of designing a product that will carve a
technological gateway to the next decade. GenAccord!™ creation
allows us to bridge the technology chasm between fully
functioning legacy meters to the current breakthrough meter
technologies. GenAccord!™ represents both a direct sale and
exclusive private label product opportunity for the company.”
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 7.2 million diabetics worldwide. With new inspired
technology diabetic test strips already in the final stages of
development, DECN products will shortly compete on a worldwide
scale with legacy manufacturers currently selling to 66%+ percent
of a $12 billion 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 18, 2017, 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.pharmatechdirect.com
SOURCE: Decision Diagnostics Corp.
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