YUCAIPA, Calif., Feb. 27, 2009 (GLOBE NEWSWIRE) -- Ingen Technologies, Inc. (Pink Sheets:ITEC), a California-based medical device manufacturer, announced today that it has agreed to acquire Cyclonatix, Inc., a California corporation.
Cyclonatix Inc. manufactures clean and energy-saving electric motor systems for traction motors such as electric bicycle, electric scooter, electric motorcycle, light electric vehicles including golf cart, utility vehicle, NEV (Neighborhood Electric Vehicle); and for water pump motors including pool/spa and solar water pumps; and for air-conditioning compressor, blower/fan, and air-compressor motors. In 2007 Cyclonatix commercialize the patented BLDC Motor Technology. The Company acquired the exclusive license rights from its sister company and patent holder, UMC (Ultimate Motroller Corporation).
"We look forward finalizing the acquisition over the next 60 days, and introducing new medical product opportunities for use of the DC brushless motors," Stated Scott Sand, CEO and Chairman of the Board of Ingen Technologies.
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About Ingen Technologies, Inc.
Ingen is a California-based medical device manufacturer licensed by the State of California, with products registered and classified through the Food & Drug Administration. The company owns several patents, domestic and foreign, with trademark brand named products referred to as Oxyview, OxyAlert, Secure Balance and GasAlert. Global distribution is through recognized manufacture representative organizations, and OEM partners. In addition to selling its respiratory products within the global medical industry, the company is selling the same products within other industries that include aviation, automotive, emergency response, military and government transportation. Ingen Technologies is now the largest manufacturer of in-line gravity-independent oxygen flow meters. The company is expanding its product line through various acquisitions for growth and stability.
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