VANCOUVER, BRITISH COLUMBIA, Dec. 7, 2009 (Marketwire) -- Pyng Medical Corp.'s (the "Company") (TSX VENTURE:PYT) newest product, the CRIC Cricothyroidotomy Kit, has recently been granted the CE Mark to sell into the European market. The CRIC provides a rapid, one-handed Cricothyroidotomy solution including illumination and built in safety-features, all in a single compact device.
Following on this news, Pyng Medical has received its first purchase order for the CRIC from CIR Medical, a leading medical device distributor in France. The securing of this first CRIC order will serve as its introduction into the European marketplace as well as the rest of the world.
"We are very excited about this first sale of the CRIC to CIR Medical," commented Bob DiSilvio, President and CEO of Pyng Medical. "The European market is a great place for the CRIC to be introduced and will serve as an excellent starting point to market the features and life-savings benefits of this extraordinary product."
"CIR Medical is very happy to be distributing the CRIC Kit on behalf of Pyng Medical in France," added Lionel Boulleret of CIR Medical. "This product will complete our product line of innovative and life-saving medical devices."
Pyng has applied to the FDA for clearance to allow sales in the US. For more information on the CRIC Kit, please visit our website at www.pyng.com.
About Pyng Medical Corp.
Pyng Medical Corp. commercializes award-winning trauma and resuscitation products for front line critical care personnel. Creators of the FAST1(R) Intraosseous Infusion System, Pyng's expanded product portfolio includes a variety of innovative, lifesaving tools including the T-POD(R) Pelvic Stabilizer and MAT(R) Tourniquet. With growing markets in North America, Europe and Asia, Pyng offers user-preferred medical devices for use by hospital staff, emergency medical services and military forces worldwide. Pyng has received the exclusive 2008 Medical Device Company of the Year Award from Life Sciences British Columbia for its sustained achievements in commercializing the Company's proprietary FAST1(R), the only medical device able to provide rapid sternal access for administering drugs and fluids to the heart in seconds. The Company was also selected in the "2007 TSX Venture 50" Top 10 companies in Life Sciences based on solid financial metrics for the year ending December 31, 2006.
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