DECN DISCUSSES ITS GENULTIMATE! TBG SYSTEM, OFFERING ELITE PERFORMANCE AND PREMIER UPGRADE PATH FOR 4+ MILLION LIFESCAN USERS
17 Januar 2019 - 3:55PM
InvestorsHub NewsWire
++ COMPANY HAS ALSO AGREED TO MANUFACTURE
A HOUSE BRAND PRODUCT FOR A “BIG BOX” AND WILL PROVIDE A FORECAST
AND PRICE TERMS ONCE WE AGREE IN COMING DAYS
++
LOS ANGELES, CA -- January 17,
2018 -- InvestorsHub NewsWire -- Decision Diagnostics
Corp. (OTC PINK:
DECN) Decision Diagnostics Corp. is a 17 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.
Today the company wishes to share
expounded details regarding its new GenUltimate! panacea technology
which will be used in the manufacture of its current GenUltimate!
glucose test strip, its GenUltimate! 4Pets test strip and Avantage
meter, for the testing of dogs, cats and horses, and the
GenUltimate! TBG test strip and Precise meter, the company’s
panacea product designed to achieve a new standard in at-home
diabetes testing.
As recently reported, the Full Spread
Electrode Technology has been implemented throughout the
GenUltimate! product line. This technological innovation
introduces the unique test strip flexibility to be used in
conjunction with the Lifescan OneTouch Ultra meters as well as the
new GenUltimate! TBD system. GenUltimate! capitalizes on
improvements to existing manufacturing components, tooling and
processes to improve performance across the Platinum/Lifescan
family of OneTouch Ultra meters. Most importantly, however, the new
GenUltimate! will now provide the vehicle for the over 4 million
OneTouch users to upgrade their OneTouch Ultra systems directly to
GenUltimate TBG.
The GenUltimate! TBG Precise! meters
will be sold in retail outlets and in the larger on-line
marketplaces for $9.95. Users of the Platinum/Lifescan
OneTouch Ultra meters will be offered the added value of the new
Precise! meters together with a vial of GenUltimate! TBD test
strips at no additional charge., in most cases providing an
upgrade path within the GenUltimate! family for log time Lifescan
Ultra users.
Keith Berman, CEO of DECN states, “We
have opened our GenUltimate! toolbox yielding a market solution
that the global at-home testing market has sought for over a
decade. The new GenUltimate! will not only continue to effectively
compete with Platinum/Lifescan OneTouch Ultra but also introduces a
significantly advanced technological upgrade with a marked
improvement in diabetic glucose monitoring precision. GenUltimate!
is expected to sell at the retail level in the same price range as
our current product entry (less than 40% of the Platinum/Lifescan
test strips).”
The GenUltimate! TBG product,
together with the Precise! meter (together the TBG system),
are both fully developed and currently in clinical testing.
Using the Genultimate! test strip as its backbone, the GenUltimate!
TBG system has demonstrated substantial increases in precision and
accuracy, results that are now superior to the latest ISO and FDA
Guidance standards for glucose testing system performance.
GenUltimate! TBG will be introduced in late 2Q 2019, initially in
select International markets.
Mr. Berman concluded, “We know that
Platinum/Lifescan OneTouch Ultra users may have been using their
dated meters for up to 15 years. The GenUltimate! TBG system will
allow for these long term users to seamlessly transition from their
OneTouch Ultra meters to the Precise! meter. GenUltimate! TBG
test strips will run on the OneTouch Ultra meters exactly as our
original GenUltimate! test strips currently do. The 4 million
plus OneTouch Ultra meter users will now be have an upgrade path to
more precise and accurate results later in 2019. The “TBG” test
strip will be available in March and will replace the current
GenUltimate! test strip in all markets.”
DECN has also tentatively agreed with
a “big box” retailer to private label manufacture a house brand
product. Contract finalization is subject to product price
negotiation. Information regarding this agreement will be
communicated in the coming days. .
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
January 16, 2019, 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.petsureteststrips.com
www.pharmatechdirect.com
SOURCE: Decision Diagnostics Corp.
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