Avadim Technologies Added to General Services Administration (GSA), Federal Supply Services Contract for Theraworx® Protect and Combat One™

All Federal Agencies Including VA Hospitals, Military Hospitals and The Department of Defense (DOD) Are Now Able to Purchase Theraworx® Protect and Combat One™ Off of Schedule 65 II A


ASHEVILLE, N.C., July 31, 2018 (GLOBE NEWSWIRE) -- Avadim Technologies Inc. (“Avadim”), the Bionome TherapiesTM life sciences company, announced today that the U.S. Department of Veterans Affairs (VA) has added Avadim’s clinical brands for hospitals and the military to a medical device, supplies and services contract held by ADS, Inc.  Theraworx® Protect is now a contracted product and available for use throughout the Veterans Health Administration (VHA).  The VHA is the largest integrated health care system in the United States, providing care at 1,243 health care facilities, including 172 VA Medical Centers and 1,062 outpatient sites of care, serving 9 million veterans enrolled in the VA health care program. 

Steve Woody, CEO of Avadim said, “One of our highest priorities has been to gain the opportunity to fully serve our government, veterans and Department of Defense. This federal contract will enable all governmental entities to purchase Theraworx® Protect and Combat OneTM in the quest to improve the health and well-being of our veterans and help ensure troop readiness. Federal contracting is not an easy process and this win is a testament to the diligence of our clinical sales team, government sales team and our strategic government distributor, ADS. Products are not added to these contracts unless there is a perceived need for the innovation and the demand we are driving in military and civilian hospitals has paved the way. We are truly honored to serve those who serve us.”

Jason Wallace, CEO for ADS, stated, “We are excited to have Theraworx® Protect and Combat OneTM available on our GSA Schedule 65 II A contract. The response we have received from our customers has been tremendous and we are proud to bring this innovation to all government agencies.  One of our goals is to expand the medical products portfolio we offer our military service members. Theraworx® Protect and Combat OneTM are clinically proven and help fill a need for our men and women in uniform.”

About ADS, Inc.

ADS, Inc. is a leading value-added logistics and supply chain solutions provider that proudly serves all branches of the U.S. Military, federal, state and local government organizations, law enforcement agencies, first responders, partner nations, and the defense industry. Headquartered in Virginia Beach, VA, ADS is a Top 50 Department of Defense Contractor focused on solving our customers’ challenges by providing the best product and service offerings, the broadest array of procurement options, and legendary customer service.

About Avadim Technologies Inc.:

Based in Asheville, NC, Avadim is a rapidly growing life sciences company built around the concept of serving. With a mission to change lives and transform communities, Avadim identifies unmet needs and addresses them in a way nobody else has. The company offers a portfolio of advanced, safe solutions and has a strong pipeline across a broad range of health and wellness areas.

Avadim Technologies Inc. Contacts:
David Fann, President
828.251.7111 Office
904.251.4910 Cell
david.fann@avadimtechnologies.com

Joe McGuire, Chief Financial Officer
828.251.7111 Office
904.228.2603 Cell
joe.mcguire@avadimtechnologies.com

Avadim Technologies Inc.
81 Thompson Street
Asheville, NC 28803
www.avadimtechnologies.com

Investor Relations:
KCSA Strategic Communications
Valter Pinto
212.896.1254
valter@kcsa.com
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