HOUSTON, July 28, 2015 (GLOBE NEWSWIRE) -- Houston based Spine Pain Management, Inc. (OTCQB:SPIN), a technology-driven, medical service, device and healthcare solution company servicing the multi-billion dollar spine injury sector, is pleased to announce that its Quad Video HALO (QVH), a revolutionary video transparency accessory for medical fluoroscopy devices, has been issued a "Final Patent" allowing all claims, by the U.S. Patent and Trademark Office for Patent Application No. 9,084,577 B2. Gleric Holdings, LLC, the assignee of the patent, is a wholly-owned subsidiary of Spine Pain Management, Inc.
Abstract
"A videofluoroscopy accessory device adapted to securely and removably attach to an X-ray head of a fluoroscopy system or device. The videofluoroscopy accessory device on the current invention provides a platform for enhancing and supplementing the surgical environment with additional accessories. The accessories that could be used with the present invention include but are not limited to lights, cameras, microphones, and other medical equipment/tools for optimizing the surgical environment."
The full patent with diagrams can be found on the US Patent Office Website at this Link Address: http://goo.gl/d5xxrG
QVH Update
For the past month, the Quad Video Halo technology has been undergoing, and is currently in the latter part of EMC/EMI Product Safety testing at a NRTL facility in Texas. There have been no significant delays or problems in the appropriate testing procedures. The company anticipates testing will be completed in Q3 and reported at that time.
Representing the Company in the Certification process is Cooper Consulting Service (CCS) who is providing outside engineering design and development support for Quad Video Halo V3.0. The Industrial design of the HALO ring assembly has been updated to improve camera positioning. A new Interface Module provides medical grade isolation of the HALO ring components to meet safety requirements. The improved cart design incorporates a medical grade UPS. The system will be certified to meet medical safety standards for US market approval and will get the CE mark for the EU market.
Dr. William Donovan, CEO of Spine Pain Management said, "Over the last few years, SPIN has invested significant time and money in the development of the QVH, a proprietary real-time video and documentation accessory. The QVH has undergone rigorous testing and has been used to great success in conjunction with SPIN's medical affiliates in a diagnostic program for treating more than a thousand spine injury cases. The QVH not only provides protection for the medical provider through secure video transparency and real-time documentation of the procedures, but also gives great comfort to the patient knowing his or her medical provider will 'do his best' in performing the procedure." Donovan went on to say, "Some two years ago we realized the potential of the QVH and that with modifications, it could be expanded dramatically outside our own needs, not only for use with the tens of thousands of fluoroscopes (both fixed and portable) currently in service, but also in operating rooms world-wide. As a new player in the very competitive medical device and accessory space, we felt it was imperative to have a strong patent on the QVH before openly entering the market. Now with this patent, we feel we are ready to aggressively penetrate the market. Our intellectual property counsel says 'these claims will provide strong protection for our invention'."
Donovan went on to say, "As mentioned above, we are in the late stages of EMC/EMI Product Safety testing, an all but mandatory requirement for third party sales to hospitals and clinics nationwide. In addition to this certification, we have also added on testing to receive the "CE Mark" which is a similar certification for sale into the EU. Based on indications of interest through our marketing area, we continue to believe that initial third party sales will be made in this third quarter."
About Spine Pain Management, Inc.:
We are a medical services and technology company facilitating diagnostic services for patients who have sustained spine injuries resulting from traumatic accidents. We deliver turnkey solutions to spine surgeons, orthopedic surgeons and other healthcare providers that provide necessary and appropriate treatment of musculo-skeletal spine injuries resulting from automobile and work-related accidents. Our care management services help reduce the financial burden on healthcare providers that provide patients with early-stage diagnostic testing and non-invasive surgical care, preventing many patients from being unnecessarily delayed or inhibited from obtaining needed treatment. We believe that our services and technology brings strong transparency and impartiality to all parties involved in the settlement of patient cases.
Additional information about the company, along with a video can be found at its website at www.spinepaininc.com.
About Quad Video HALO, Inc.
A wholly owned subsidiary of Spine Pain Management, Inc., Quad Video HALO, Inc brings surgeons and interventional pain management providers the ability to bring modern video documentation technology into the operating/treatment rooms. The Quad Video Technology™ V3.0 creates a digital turnkey video and audio documentation solution that integrates multiple views from other OR/treatment imaging sources with several other viewpoints just outside the sterile field.
Additional information about QVH can be found at its website: www.quadvideohalo.com.
Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, healthcare services demands, changes in healthcare practices, government regulation, and other factors over which the company has little or no control. The company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the company's recent filings with the SEC.