Financial Press » FP Exclusives http://financialpress.com Breaking Business, Financial & Economic News Headlines Tue, 07 Jul 2015 17:40:42 +0000 en-US hourly 1 Graphite “Flake” Size Does Matter http://financialpress.com/2015/04/21/graphite-flake-size-does-matter/ http://financialpress.com/2015/04/21/graphite-flake-size-does-matter/#comments Tue, 21 Apr 2015 13:30:48 +0000 http://financialpress.com/?p=46634 Quebec’s Technology Driven “Carbon Gold Rush” of the 21st Century —

By Financial Press

The global graphite market will grow 3.7% a year for the next five years to reach $17.6 billion by 2020 states a recent report by Persistence Market Research – with the bulk of that demand for Large Flake Graphite widely used in the forever expanding technology sector in batteries and electronics from cellphones to electric cars.

Over 90% of today’s graphite supply comes from China, and with the demand for this shiny black carbon rock increasing drastically so has the search for viable domestic graphite sources. A flurry of new mineral exploration has commenced with the goal of finding a domestic graphite source that can rival the current Chinese supply – fueled by plans from TeslaMotors(TSLA-NASDAQ)to build a $5 billion Nevada based “Gigafactory” for production of batteries for use in both its cars and in rooftop solar systems sold by SolarCity (SCTY-NASDAQ). The Gigafactory is predicted to drive an increase of battery production by a factor of 50-fold by 2020. Altogether, the demand for flake graphite could increase by 40% by 2020.

Over the last year, mining exploration companies have rushed to acquire domestic past producing graphite mines and historic graphite discoveries that were not previously perceived as valuable before the recent technology boom of smartphones and electric cars, creating a whole new demand for graphite. One such mining company focused on its recent Quebec graphite discovery is Caribou King Resources. Publicly traded on the TSX Venture exchange under the symbol (CKR-TSXV) Caribou King has recently discovered some of the highest grade graphite announced to date within this hotbed of exploration concentrated in Southern Quebec – Canada. More specifically, Caribou’s Buckingham Graphite property has emerged as a promising future source of large flake graphite. Buckingham is comprised of eight mineral claim blocks within the Central Metasedimentary Graphite Belt that has hosted many recent graphite discoveries for a number of explorers.

Exposed graphite veins at the Buckingham property were recently tested for graphite content and returned up to 56% Cg (Graphitic Carbon) right out of the ground and were easily upgraded to over 99.9% Cg using a single flotation circuit and without expensive and timely processes such as acid leach or alkaline roast, commonly used to upgrade lower quality graphite to a useable purity level.

“The Buckingham property appears to host ultra-high grade vein-type graphite typically associated with China and Sri Lanka,” stated Caribou Head Geologist Isabelle Robillard in an exclusive interview with Financial Press, “It is very rare to find this type of high quality graphite in North America. Our large flake graphite is over 99% pure after floatation, which means that we will not need further upgrading that is costly and environmentally harmful. This will have a significant positive effect on the economics of producing graphite from the Buckingham property.”

Robillard states that the Buckingham project is close to the historical Walker mine which also produced vein-type graphite possibly in continuity with the Buckingham property.

“The next step is to do a geophysical survey in order to further delineate the graphite veins,” stated Robillard, “With high purity it doesn’t take a lot of graphite material to make the operation profitable.”

With 99%+ pure graphite garnering between $2000 – $3000 USD per ton with prices upwards of $10,000 per ton for “nuclear” grade purity, it doesn’t take millions of tons to create a very profitable operation with low Operating expenses due to the Buckingham graphite veins running at surface.

Well-seasoned prospector Don McKinnon conducted the initial Buckingham survey with a ‘Beep Mat’ – a miniaturized electromagnetic survey instrument that detects conductive and magnetic outcrops up to 10 feet in depth.

“We went onto the southeast portion of the property with the Beep Mat and it started screaming,” stated McKinnon, Everywhere we dug we found graphite with enormous flakes plainly visible to the eye.”

McKinnon states that Caribou has three valuable assets – but the ‘spectacular purity of the Buckingham samples’ dictates that exploration and development money should be spent their first.

“One of the beauties of the Buckingham graphite is that it can be found at surface,” stated McKinnon, “So it’s relatively easy to locate with modern exploration techniques.”

“The purity of the Buckingham graphite puts Caribou King in niche market,” stated CEO Michael England, “With end users who require this size and purity, Caribou does not have to compete against larger companies with lower grades. We are focusing on high grade veins – Quality over Quantity is the name of the game at this time.”

“The purity is of great importance,” continued England, “You have some beautiful graphite deposits around the world, but if they’re loaded with sulfides, they tend to have weak economics. When you have to build a mill to extract the sulfides, the cost per ton goes up substantially and so does the environmental impact of the project. So having high grade – high purity graphite at surface is exciting.”

“We have been receiving phone calls from end users in Europe ‘We’ve noticed you are getting 99.9% purity from flotation – could you please send us with samples for our own analysis’” stated McKinnon, “So I jumped in my truck, drove to the property, scraped off the snow, found my trench from last summer, dug out a sample and shipped it off.”

Caribou now has exposure to a full project value chain from a European relationship that provides analytical facilities and strong contacts in downstream industries to evaluate and process technical samples.

“The next step is to take a more powerful Electromagnetic survey tool, and get a reading about 30 feet deep,” stated McKinnon, “And then we are going to do an extremely tight grid over top of this area and see how many veins there are and how deep they go.”

“In the next 12 months our goal is to establish a resource of ultra-high grade graphite on the Buckingham property, this can be achieved quickly and cheaply. As the first step to establishing a 43-101 resource calculation, we run an EM survey, dig trenches, take assays and send them to the lab for purity testing.”

In parallel to an aggressive exploration program on the Buckingham graphite property, England’s team has prioritised further metallurgical studies to help in characterizing and defining this unique graphite deposit.

Used in batteries, electric cars, nuclear reactors, fuel cells and solar power systems – large flake graphite is a critical ingredient in a surging wave of popular modern technology (electric vehicles, tablets, cell phones ect).

“If the Buckingham grades remain consistent, I believe the Buckingham property and others like it could be the key to securing domestic graphite supply sources, thus ending the reliance on importing graphite and creating North American independence for this fast growing commodity of the future,” England finishes.

Caribou King Resources holds multiple highly prospective graphite properties in Quebec and is currently trading on the TSX Venture exchange under the symbol “CKR”.

Contact:

Caribou King Resources Ltd.
(604) 683-3995
info@caribouking.com
www.caribouking.com

 

Legal Disclaimer/Disclosure: This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Financial Press makes no guarantee, representation or warranty and a fee has been paid for the production and distribution of this Report.

 

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High-tech marijuana vending machines coming to Vancouver http://financialpress.com/2015/04/21/high-tech-marijuana-vending-machines-coming-to-vancouver/ http://financialpress.com/2015/04/21/high-tech-marijuana-vending-machines-coming-to-vancouver/#comments Tue, 21 Apr 2015 13:00:25 +0000 http://financialpress.com/?p=46636 – By Financial Press

Vancouver-headquartered Kaneh Bosm (KBB-CNSX) will take delivery of two marijuana vending machines in late April 2015.

“The BioCanna ADM is similar to the Best Buy kiosks that you see in airports,” explains Kaneh Bosm President and Director Michael Martinz. “They have back-end functionality that provides oversight to the machine operator as well as regulators.”

The ADM will screen out people under the age of 19, and verify that they are registered users – and it can also set daily maximums. After delivery, KBB will take a few days to install the software, test the machines and load up the inventory.

There are over 2,000 of these specialised vending machines in operation in pharmaceutical markets across Western European. They are retro-fitted for the marijuana market.

“The vending machine allows transactional overview and for the customer, the transaction is a lot quicker and it opens the possibility of making the purchase in a more standard retail environment, like a pharmacy,” explains Martinz.

Kaneh Bosm chose Vancouver to run this pilot project because there is already a mature commercial marijuana market here. Vancouver currently has about 80 medical marijuana dispensaries.

Scientists working at the University of Buffalo’s Research Institute on Addictions have discovered that endocannabinoids are helpful in treating depression resulting from chronic stress. In a study on stress-induced rats, researchers found that endocannabinoids were linked to reduced feelings of anxiety, increases in appetite and a feeling of contentment.

“This is a very important field of study because stress causes disease, and anything that is going to reduce it is going to lead to a healthier population,” Martinz says.

The marijuana vending machines also give value to customers who don’t want their product handled by multiple employees. “If you have a compromised or weakened immune system, you obviously do not want exposure to pathogens,” states Martinz. Exposure to air degrades the quality of the marijuana and exposes it to bacterial viruses. Vending machines offer a climate controlled environment that preserves the quality of the product.

Marijuana vending machines have already been tested in the Vancouver market. Last summer, the BC Pain Society (BCPS) installed a vending machine and had to immediately upgrade it to a “quadruple size wheelchair friendly vending machine.” Following the installation of the machine the BCPS received 100 new member applications per week.

Vancouver marijuana dispensaries are currently doing a lot of cash transactions – which creates a vulnerability to theft. Kaneh Bosm’s vending machine accepts credit card payments. Also, where regulations permit, it can provide 24/7 functionality. “We think these vending machines will provide good value to the Vancouver public, while radically lowering labour costs for the dispensing of marijuana,” stated Martinz.

Contact:

604 782 4191
EMAIL: info@kanehbosmbiotech.com

Legal Disclaimer/Disclosure: This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Financial Press makes no guarantee, representation or warranty and a fee has been paid for the production and distribution of this Report.

 

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Advanced Exploration Gold Company Pinecrest Resources http://financialpress.com/2015/04/15/advanced-exploration-gold-company-pinecrest-resources/ http://financialpress.com/2015/04/15/advanced-exploration-gold-company-pinecrest-resources/#comments Wed, 15 Apr 2015 13:30:19 +0000 http://financialpress.com/?p=46606 Strong Management, Attractive Valuation — By Financial Press

Pinecrest Resources Ltd. (PCR.V-TSXV) is a mineral exploration and junior mine development company focused on precious metal projects. The company’s flagship asset is a 100% interest in the Enchi Gold Project in Ghana acquired from a subsidiary of Kinross Gold Corp. (KGC-NYSE) Kinross remains a 19.9% holder. That acquisition also led to a strategic alliance with Sandstorm Gold. (SAND-NYSE) Pinecrest sees a tremendous opportunity in exploration and development stage projects in West Africa. Today’s gold market requires small junior companies to reduce G&A, align with shareholders and focus on prudent capital allocation. Pinecrest is focused and actively looking for accretive precious metal assets in West Africa.

Anyone that speaks with Ryan KingPresident & Director would conclude that he’s an impressive manager with strong enthusiasm for his company. Unlike senior management at some peers, Mr. King is 100% devoted to Pinecrest, a very important factor. In fact, Pineccrest differentiates itself by having significant firepower in the management ranks. [If you don’t believe it, see for yourself Here]. The company’s CEO & Director George Salamis has raised $800 million in equity and completed over $1 billion in M&A deals. Yes, that’s Billion with a “B.” He’s also the Chairman of Integra Gold Corp, (ICG.V-TSXV) a company with a $75 million market cap and a stock price that’s doubled over the past 6 months. Focusing on the $1 billion of M&A is relevant because that’s the potential opportunity for the company and investors alike to capitalize on…. namely acquisitions of distressed assets in West Africa.

Highlighting the management team at the top of an article is uncommon. If mentioned at all, it’s often added at the very bottom. Despite a powerful management team and the wherewithal to roll up distressed West African assets, Pinecrest has an Enterprise Value, “EV” of just $10.5 million. A reason to reiterate the low EV is that PCR.V’s stock is down 50% in the past month, perhaps providing for an attractive entry point for investors. Returning to the acquisition theme, Pinecrest has a fully-diluted cash balance of $10 million. While it’s not certain that the options will be exercised, at the month ago share price of $0.50, all the options were either at the money or in the money.

Focusing now on the Enchi Gold Project in Ghana, it sits on the prolific Bibiani Shear Zone which hosts multi-million ounce gold deposits. Enchi Gold covers 50km of the Bibiani Shear Zone and is located just 70km of Kinross Gold’s Chirano gold mine which produced 286,542 ounces of gold in 2014. “Closeology” is not the best reason to invest, but it doesn’t hurt either! Pinecrest boasts a NI 43-101 compliant 1 million + Inferred ounces, making it an advanced exploration stage company. Some might even consider it a pre-development company because it has delivered a Preliminary Economic Assessment, “PEA.” The PEA shows an impressive 33% pre-tax IRR at an assumed gold price of $1,300/oz. A PEA, already demonstrating a solid prospective mining operation, is a great start. Companies almost always find ways to incorporate meaningful improvements into their Pre-Feasibility Statements, “PFS.”

Conclusion

Rarely does a junior mining company with a $10.5 million fully-diluted EV have potential co-investors in companies such as Kinross and Sandstorm. And, rarely does a junior mining company have such a strong management team. Combined, these attributes suggest that the stated goal of targeting distressed assets in West Africa is both a viable and a prudent one. In a very difficult market for junior miners, having key strategic investors and a pristine balance sheet with no debt is more important than ever. Pinecrest offers prospective investors a compelling, albeit speculative, call option on the likely rebound in the price of gold in coming years.

 

Contact:

Pinecrest Resources Ltd.
Ryan King
President, Director
(604) 628-1012
rking@pinecrestresources.com

Legal Disclaimer/Disclosure: This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Financial Press makes no guarantee, representation or warranty and a fee has been paid for the production and distribution of this Report.

 

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Smart Device Market to Hit $2.5 Billion in 2015 http://financialpress.com/2015/04/13/smart-device-market-to-hit-2-5-billion-in-2015/ http://financialpress.com/2015/04/13/smart-device-market-to-hit-2-5-billion-in-2015/#comments Mon, 13 Apr 2015 13:25:02 +0000 http://financialpress.com/?p=46599 Visionstate Innovations Add to Existing Product Line

By Financial Press

A new report from the IDC Corporation, predicts that the global market for smart connected devices will increase from $1 billion in 2014, to $2.5 billion in 2015.

Visionstate (VIS-TSX.V), a leader in interactive technology software, has developed touchscreen directories, mobile applications and cleaning management software – providing innovative solutions for corporations, retailers and government institutions.

“We are in the business of replacing paper directories with a digital interactive interface,” confirms Visionstate President and CEO, John Putters, “Our flagship product WANDA (Washroom Attendant Notification Digital Aid) is a smart device for public restrooms.”

On April 8, 2015 Visionstate announced a new smaller version of its smart restroom technology WANDA. The compact 10 inch MiniWanda will be cheaper than the full sized units, allowing large scale deployments, targeted to business and industry.

“The smaller size of screen lends to larger scale deployments due a lower price tag, sleek design, and no need for advertising,” stated Putters.

The Mini-Wanda will sell for around the price of an I-Pad. It is expected to expand Visionstate’s market exponentially.

“At the lower price point we can sell to large chains with hundreds of washrooms,” stated Putters, “A typical shopping mall only has 6-15 washrooms. But office towers and airports can have 200-300 washrooms. So with that volume of sales, a smaller less expensive unit is the better business proposition.”

Visionstate has also recently added another technological innovation to the Wanda product line: the ability to generate a user-friendly report that shows how to maximize the use of cleaning supplies and improve the allocation of human resource capital.

“The new analytics show in black and white what we’ve been saying about increased efficiency,” stated Putters, “It’s a game-changer for our company because the dashboard style report makes it easy for our clients to see the benefits of the system.”

Putters states that analysis of the alerts provides deep insight into how your customers interact with the washroom.

VISION

 

 

 

 

 

 

 

 

“If you have alerts coming in right after a scheduled cleaning, you know there is a problem with the cleaning,” explained Putters, “But is it a staffing issue or a protocols issue? The dashboard report will answer that question. The end result is that the quality of the cleaning goes up.”

The Wanda also offers advantages to building operators concerned about liability issues.

“If a washroom user slips and breaks their wrist in the washroom you don’t have to retrieve a warehouse full of paper to defend yourself,” stated Putters, “You’re just a few keystrokes away from being able to prove a consistency of service.”

In the age of social media, washrooms are an important component of customer relations. If you are in a large shopping mall, you are probably not going to tweet about the cleanliness of the washroom. But if the washroom is in a state of disarray – you will tweet about that.

The Wanda technology provides an insurance policy against bad press, and helps institute franchise standards to a critical facet of customer relations that is often treated haphazardly.

“One of our clients changed their entire cleaning schedule based the alert patterns,” confirmed Putters, “They were treating all washrooms equally – but they saw clearly that the food court washrooms were getting four times more traffic. So they re-deployed their resources and got cleaner washrooms and happier customers.”

Visionstate has also recently introduced a kiddie stroller dashboard which has attracted attention from the mainstream media. The new app, loaded on 7 inch tablets mounted inside the strollers, enables children to watch high quality programming while parents go about their shopping experience. The first fleet of retrofitted strollers were introduced at Southgate Centre in Edmonton, Alberta on March 17, 2015.

“The kiddie stroller screen is a low cost item that’s going to sell for about $600,” explains Putters, “and there will be a residual license for the content and the app that’s running on the screen. There is an introductory commercial welcoming the family to the mall. Screaming kids are not conducive to shopping. This device keeps parents in the mall longer.”

For Visionstate, the kiddie stroller app represents a continued expansion of its product base to serve the shopping center industry.

“Our goal is to make the shopping experience efficient and engaging,” stated Putters, “And now we’ve added something engaging for the kids.”

WANDA currently provides two revenue streams for Visionstate. A one-time fee for the hardware and a monthly fee for the software license that manages the data. Visionstate is investigating adding a third revenue stream derived by digital advertising.

Visionstate is currently trading at .14 with a market cap of $3.2 million.

Contact:

Visionstate Inc.
John Putters
President/CEO
Cell: 587-985-2601
Office: 780-425-9460
Email: jputters@visionstate.com
Visionstate Inc.
Derek Wood
Investor Relations
(403) 200-3569

Legal Disclaimer/Disclosure: This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Financial Press makes no guarantee, representation or warranty and a fee has been paid for the production and distribution of this Report.

 

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U.S. Asthma Costs Reach $18 Billion http://financialpress.com/2015/04/01/u-s-asthma-costs-reach-18-billion-2/ http://financialpress.com/2015/04/01/u-s-asthma-costs-reach-18-billion-2/#comments Wed, 01 Apr 2015 13:30:37 +0000 http://financialpress.com/?p=46574 OxySure U.S. Medical Oxygen Device Sales Increase 83% in 2014

By Financial Press

According to the Asthma and Allergy Foundation of America, 25 million Americans suffer from asthma (8% of adults, 9% of children). The disease accounts for one-quarter of all U.S. emergency room visits. It is the #1 chronic cause of school absenteeism. The total annual cost of asthma is estimated to be about $18 billion.

OxySure Systems (OXYS-OTCQB) $349 portable Model 615 device delivers medically pure oxygen on demand from two dry powders. OxySure owns a portfolio of patents, protecting its proprietary technology.

OXYS recently announced robust financial and operating results for 2014. Revenues were up 35% to $2.4 million, led by an 83% increase in U.S. revenues.

“We’ve grown revenues while focusing on building a solid medical device platform to leverage growth opportunities going forward,” stated OxySure CEO and Chairman Julian T. Ross in an exclusive interview with Financial Press, “We are now positioned to rapidly grow our direct sales force, expand overseas, launch a direct to consumer campaign and uplist our company to NYSE or NASDAQ.”

Q4, 2014 sales grew for the tenth consecutive quarter. Working capital was a surplus of $418,734. Replacement cartridge sales grew to 144% of Model 615s shipped.

“We’ve recently hired some key people,” confirmed Ross, “One of them is Clark Hood, who was VP of Sales for Cardiac Science, one of the biggest Automated External Defibrillator (AED) manufacturers in the world. He is now our VP of Resuscitation Sales.”

Mr. Clark has been expanding OxySure’s distribution channels targeting public and private institutions including 102,265 educational campuses, 350,735 manufacturing facilities, 350,000 churches, and 950,000 restaurants.

At the same time, OxySure is building out an internal direct sales team. Ross’s goal is to have 30 full-time dedicated salespeople in the U.S. by the end of 2015. The sales team will provide support to distributers as well as handle big accounts. In addition, the Company plans a direct to consumer campaign targeting the Asthma market.

OxySure’s market is estimated to be ten times larger than the market for AEDs – which have already sold 2 million units in the U.S. The OxySure Model 615 is one quarter the cost of an AED and 300 times more likely to be used. That means strong repeat sales from cartridges. OXYS reported that cartridge reorder sales jumped to 45% of the Model 615 installed base in 2014, up from 39% in 2013.

The Model 615 requires no training, no compressed tanks, no maintenance, and no batteries. You simply twist a dial and the two powders mix, generating oxygen at a steady flow, bridging the gap between the onset of a medical emergency and the arrival of first responders.
“There are two basic markets available for the OxySure portable emergency oxygen device,” stated Ross, “The placement market, where the product is positioned in public spaces like schools or airports or manufacturing facilities.  And the second currently unexploited market which is the ‘at risk’ market”. That means, people with asthma, people with cardiovascular disease, and so on.
Ross states that asthma patients are a perfect example of a good potential direct to consumer customer. “Clinical protocols state that if you have an asthma attack, you need two things – an inhaler and oxygen,” stated Ross, “The oxygen piece has always been missing. We think we have a role to play in fixing that.”
There are currently about 25 million people in the U.S. with asthma. The attack prevalence for that population is 54% – which means a typical asthmatic has a 54% chance of having an asthma attack in the next 12 months.
The US asthma population includes seven million children.   OxySure’s direct to consumer campaign will target the parents of those children, educating them on the health benefits of having immediate access to medically pure oxygen.
“The campaign will be about awareness and also branding,” stated Ross, “We’ve been selling through distribution channels, relying on word-of-mouth and some trade shows. A direct to consumer campaign has two purposes:  to generate sales and to raise awareness of the company and the product. The general heightened awareness will have a positive spill-over effect on the distributors and the direct sales team.”

OxySure has recruited Cliff Meidl – a Two-Time Sprint Kayaking Olympian and USA Olympic Team Flag Bearer to be an official spokesman. Meidl suffered a catastrophic construction accident in 1986 when he was a 20-year-old college student. A severe electrical shock put Cliff into a cardiac arrest. First responders were able to revive Cliff through the use of CPR, oxygen and a defibrillator within in minutes, saving his life.

“It is gratifying to know that our technology saves lives,” stated Ross, “But there is also a great business opportunity here.”

In tandem with its push to increase sales, OxySure is pursuing strategic acquisitions. Ross’s goal is to close a first acquisition in 2015, targeting opportunities in synergistic markets, AED or first response companies.

“OxySure is designed to be used while an ambulance is on the way,” stated Ross, “So the first responder markets are a natural space for us to be in – and we are interested in migrating our expertise there.”

The World Health Organisation estimates that by 2030, respiratory diseases will account for about one in five deaths worldwide.

Recent financial statements confirmed that OxySure’s long term debt is down 42% in 2014.

OxySure is currently trading at .78 with a market capitalisation of $21 million.

 

Contact:

Renmark Financial Communications, Inc.
Bettina Filippone
bfilippone@renmarkfinancial.com
John Boidman
jboidman@renmarkfinancial.com
Tel.: (416) 644-2020 or (514) 939-3989
www.renmarkfinancial.com/
Redchip Companies, Inc.
Jon Cunningham
jon@redchip.com
800-733-2447, ext. 107

 

Legal Disclaimer/Disclosure: This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Financial Press makes no guarantee, representation or warranty and a fee has been paid for the production and distribution of this Report.

 

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Baby Boomers Spend Billions to Stay Young http://financialpress.com/2015/03/09/baby-boomers-spend-billions-to-stay-young/ http://financialpress.com/2015/03/09/baby-boomers-spend-billions-to-stay-young/#comments Mon, 09 Mar 2015 13:30:11 +0000 http://financialpress.com/?p=46466 Abattis Bioceuticals Signs $25 Million Deal with Dutchess Fund —

By Financial Press

According to New York based Transparency Market Research the global nutraceuticals market will reach $204 billion by 2017 – fueled by health obsessed baby-boomers – who still ski and play competitive sports into their 60s and 70s.

Abattis Bioceuticals (ATT-CSE) (ATTBF-OTCQX) is a vertically integrated nutraceuticals company focused on monetizing natural health products from ‘seed-to-sale’. An investor, aggregator and incubator, ATT addresses the entire commercial lifecycle of a variety of medicinal plants.

The company owns a portfolio of intellectual property including 15 proprietary formulas, seven registered US trademarks, two patent applications, over 500 Internet domains, and global rights to a Vertical Automated Growing System.

Abattis is active in the Canadian medicinal market place through its involvement with two Medical Marijuana Production applications and one Controlled Substance Dealer license (CSL) application with Health Canada.

“We have deeper technical knowledge and more ambitious financial goals than your average bio-tech company,” stated ATT CEO William (Bill) Fleming in an exclusive interview with Financial Press, “Through ownership and partnerships we maintain control over the complete product development process – including botanical research, extraction technology and drug delivery technologies.”

ATT’s diverse product pipe-line includes an innovative vertical growing system called ‘BioCube’ which provides a controlled cannabis cultivation environment for high yield marijuana growing.

Made with lightweight fireproof anti-microbial materials the 308 ft2 BioCube can grow up to 960 cannabis plants – compared to only 100 under conventional conditions. Recommended for indoor and outdoor use, BioCube’s low cost smaller housing promotes strain separation and provides insurance against mass crop failures.

“Biocube is a compact efficient method of growing plants in urban environments,” stated Fleming, “Since there are no restrictions on the equipment, we plan to sell it to companies in both Canada and the USA”.

The fully automated system is ideal for boutique-packaged, pesticide-free organic herbs, fruits and vegetables. It features a touch screen, software-based air-flow, irrigation and lighting system.

“Early estimates show that a single Biocube could yield the same amount of produce as an acre of dirt in the Midwest,” states Fleming, “It uses about 20% of the normal amount of water and because the environment is controlled there is no need for pesticides. The Biocube product is and will always be a work-in-progress whereby new technologies and customer demands will continuously define the product specifications for varying industry verticals”.

ATT’s vertical integration could induce a nose bleed. The tentacles of the company reach every link on the nutraceuticals value chain. As an example, its retail distribution arm owns Flash Freeze Extraction technology targeted to develop THC and CBD oils.

Part of Abattis’ future product roadmap is to use ‘waste streams’ such as stems and leaves to create natural health products and pharmaceuticals.

On February 10, 2015 Biocell launched a marketing initiative to deliver Hemp-based nutraceutical supplements to the licensed health care provider marketplace.

“There are four major pathways for nutraceutical distribution,” explains Biocell’s Brazos Minshew, “The top tier is always the professional marketplace targeting licensed healthcare providers. The physician or other licensed provider then makes the determination as to whether or not the nutraceutical will benefit the patient.”

Minshew explains that other distribution channels include Direct Response advertising (including Internet sales), Direct Sales associations and the Retail marketplace, including brick-and-mortar vitamin stores, pharmacies or dispensaries.

“Our nutraceutical products are potent, powerful extracts of classic herbal medicines,” states Minshew, “For example, Actaea racemosa is known to reduce nerve pain and pain associated with arthritis, as well as anxiety.”

Biocell’s marketing announcement follows an agreement reached with Empirical Labs for the exclusive use of patented liposome technology. Liposomes are related to transport molecules that dramatically improve nutrient absorption into the cells of humans and animals, making herbal remedies even more powerful and effective.

“Our next step is to license these nutraceuticals with Health Canada,” states Fleming, “And then to craft training literature for the doctors. We are anticipating product launches in Q2, 2015.”

Abattis is gaining traction in the mainstream media. A 2014 Forbes article titled, ‘8 Hottest Publicly Traded Marijuana Companies’ stated that, “Abattis provides cultivation systems, extraction equipment, and consulting services to growers. The company raised $3 million in private placements this year, and went on an acquisition spree.”

Savvy institutional investors are also placing their bets on the ability of Abattis’ ability to generate profits in this burgeoning multi-billion dollar market.

February 04, 2015 Abattis announced that it had entered into a US $25 million equity line facility agreement with Dutchess Opportunity Fund which provides capital to start-up, pre-IPO and publicly-traded companies. Since 1996, Dutchess has made over 400 investments globally, with a total transaction value exceeding $2 billion.

“As one of the most active institutional investors in cannabis-related enterprises, we are excited to add another to our portfolio,” stated Dutchess principal Douglas Leighton, “We remain very optimistic regarding Abattis’ current business, its significant growth opportunities and the ability of Bill Fleming and their team to deliver.

Fleming says that is he going to use the proceeds from the Dutchess financing arrangement to fund the continued development of the Company’s strategy spanning the entire industry supply chain from seed to sale.

“The additional funding will allow us to push forward with our acquisition and growth strategies of our services and products,” confirmed Fleming.
“Our goals for 2015 are for Abattis to become the largest vertically integrated Plant Based Medicine Company in North America,” states Fleming.

The ArcView Research Group predicts that the North American cannabinoid market will surge from $1.53-billion in 2013 $10.2-billion in 2018.

Abattis is currently trading at .16 with a market cap of $11 million.

Contact:

Abattis Bioceuticals Corp.
(604) 336-0881
news@abattis.com

 

Legal Disclaimer/Disclosure: This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Financial Press makes no guarantee, representation or warranty and a fee has been paid for the production and distribution of this Report.

 

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Tahoe Pays $1.35 Billion for Gold Mine in Peru http://financialpress.com/2015/03/02/tahoe-pays-1-35-billion-for-gold-mine-in-peru/ http://financialpress.com/2015/03/02/tahoe-pays-1-35-billion-for-gold-mine-in-peru/#comments Mon, 02 Mar 2015 14:35:37 +0000 http://financialpress.com/?p=46430 Inca One’s Peruvian Gold Factory Ramps Up Production –

– By Financial Press

In the biggest gold take-over in 10 months, Tahoe Resources has agreed to buy Rio Alto’s La Arena gold mine in Peru for C$1.35 billion. Peru’s ‘political discount’ is evaporating and fortunes are being made in the Amazon jungle while the Bay Street analysts flutz with their calculators.

Peru is currently one of the world’s top producers of gold, with substantial production coming from artisanal miners who now need government-permitted milling facilities to process their ore.

Inca One(I0-TSX.V)(INCAF-OTC) is a Canadian-based ore processing company with a gold milling facility in Peru servicing small-scale miners. Construction of Inca One’s 100 tonne per day milling plant is complete. The company is generating cash as it ramps up to full capacity.

“We are currently processing up to 60 tons per day,” states President and CEO Edward Kelly in an exclusive interview with Financial Press, “When you’re dealing with high grade ore, operational protocols are critical to achieve high recoveries. We are still optimizing our mill. Currently recovery is at about 90%. A few percent here or there can make a big difference to the bottom line.”

Kelly and his operations team are steadily increasing production to the 100 tonne per day target. Full production is anticipated by the end of Q1 to early Q2, 2015.

“We forecasted the ore grade would be about half an ounce per tonne,” stated Kelly, “However the trucks are arriving at with an average grade of .9 of an ounce – which means a longer processing time. Higher grade equals higher profits so it’s a nice problem to have.”

Kelly wants Inca One to be known as the gold processing company that pays fairly and quickly.

“In our business, prompt payment is critical,” confirms Kelly, “The Peruvian miners have labour intensive operations. They have a lot of people to pay – and their livelihood is tied up in an inventory of rocks. So we take the customer-service part of our business very seriously.”

Last week Inca One had five customers show up at the same time with 20-tonne trucks loaded with ore. Kelly cites this as part of the teething process with the new facility.

“The five loaded trucks caused a bottleneck of ore at the cone crusher,” explains Kelly, “And guess what? Miners are just like anyone else. They don’t like lining up. So to avoid delaying the trucks, we upgraded our cone crusher.”

At 60 tonnes per day Inca One is breaking even and starting to make money. But Kelly states that it is not in the company’s DNA to tread water at 100 tonnes capacity. Inca One has formed an evaluation committee looking for expansion projects – including purchasing and upgrading existing gold mills and building new ones.

In the 34 days from December 3, 2014 to January 7, 2015 Inca One recovered 521 ounces of gold and 557 ounces of silver from 753 tonnes of material at its start-up operations at the Chala One plant. Total current value of the metal is $686,000. Kelly anticipates the next gold recovery will be about 50% higher.

“The biggest surprise is that Peru is such a straight forward place to do business,” states Kelly, “We are in daily contact with regional and national authorities on a variety of issues including business expansion and permitting for a new tailings pond. The key to success is to have experienced trustworthy local people in place.”

On February 18, 2015 Inca One announced an agreement to purchase 400 tonnes per month of ore with an anticipated grade of 30 grams per tonne gold from an additional mine in Peru. The company also closed a $500,000 financing to fund the purchase of mill feed materials for its Chala Plant. The financing was arranged by SC Strategy.

 

“The European and Swiss investors have been very pleased with the work performed by Inca One,” stated SC Strategy CEO Bjorn Paffrath, “Our focus is on sustainable projects with sincere partners who deliver on their promises. Ed Kelly and his team have so far exceeded our expectations in every aspect.”

 

“We will continue to add dollars to our balance sheet,” stated Kelly, “But we are a growth company which means we require infusions of capital to fund expansion.”

The new mining legislation in Peru has created a perfect storm of opportunity for Inca One. The company does not stake land, run seismic or drill. The risks are metallurgical, not geological – and therefore easier to control.

“The rules in Peru create something of a captive market for Inca One,” confirms influential Gold Newsletter Publisher Brien Lundin in the summer 2014 issue.

Dynacor Mines (DNG-TSX) also has a gold ore-processing business in Peru. Its plant has maximum capacity of 250 tonnes per day. Dynacor’s share price has risen from .17 to $1.90 in the last 5 years – an increase of 1,100%. DNG’S current market cap is $68 million.

Inca One, with its 100-tonne per day capacity, is currently trading at .23 with a market cap of $15.7 million.

 

Contact:
Kin Communications Inc.
Email contact
1-866-684-6730
1-604-684-6730
Email contact

 

Legal Disclaimer/Disclosure: This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Financial Press makes no guarantee, representation or warranty and a fee has been paid for the production and distribution of this Report.

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Uranium Price Surges 10% in One Month http://financialpress.com/2015/03/02/uranium-price-surges-10-in-one-month/ http://financialpress.com/2015/03/02/uranium-price-surges-10-in-one-month/#comments Mon, 02 Mar 2015 14:35:07 +0000 http://financialpress.com/?p=46432 Brades Resource Partners with Fission 3.0. –

–By Financial Press

Major accidents at Rio Tinto’s (RIO-NYSE) Rössing uranium mine in Namibia and BHP Billiton’s (BHP-ASX) Olympic Dam in Australia have removed 8% of the global uranium supply. In the last 30 days, spot price of uranium has increase 10% to $38.75.

Brades Resource Corp(BRA-TSX.V) has partnered with Fission 3.0 to drill the Clearwater West property in Saskatchewan’s Athabasca Basin – the world’s largest source of high-grade uranium.

Fission 3.0 is the project operator, and it shares the same technical team as Fission Uranium. This team has discovered two major deposits in four years, using a proprietary model for finding uranium through airborne radiometrics, radon gas surveys and geophysics.

“Our main corporate focus is the joint venture with Fission 3.0.,” confirm Brades’ CEO Peter Wilson, “Clearwater West is adjacent to Fission Uranium’s PLS property, and only 15 kilometers away from the shallow high grade deposit. Fission 3.0 has the same management team as Fission Uranium, and they are applying similar exploration techniques on our J.V. property.”

Brades recently announced the commencement of the winter exploration program on the Clearwater West property. The program involves ground geophysics and 10 proposed drill holes costing about $1.04 million.

Fission 3.0’s team is headed by legendary uranium explorer Ross McElroy who led the technical team that made the discovery at Waterbury Lake, SK and at Patterson Lake South (PLS).

Wilson states that McElroy and his team have already identified the drill targets. The objective of the on-going geophysical work is to focus the drill program.  Fission 3.0 can pull a drill rig from its inventory on short notice.

“One of Brades’ advantages is that we are not required to make property payments,” states Wilson, “This maximises the amount of money that we can put into the ground.   In terms of protecting shareholder value, it’s a big plus. Some of our neighbours are severely financially stressed by the obligation of these property payments.”

The PLS deposit contains an estimated 80 million pounds of ‘indicated’ uranium and about 25 million pounds of ‘inferred’. More than 50% of the resource sits in a high-grade zone that can be mined at low cost.

Fission Uranium buy-out rumours involving Rio Tinto (RIO-NYSE)and Teck Resources (TCK-NYSE) are growing. Dundee Capital Markets analyst David Talbot called the Fission most recent resource numbers ‘truly phenomenal.’

“If Fission does get transacted, the market will then focus on the strongest joint ventures,” stated Wilson, “We have also picked up 24,000 hectares of additional properties which are adjacent or nearby to Fission 3.0’s other projects in the basin.”

There is a clean division of labour between Brades and the Fission 3.0 technical team. Brades handles the financing and Fission 3.0 designs and executes the exploration program.

“It is a good partnership because both teams are doing exactly what they are trained to do,” stated Wilson, “The upcoming drill program is a massive milestone for Brades. At some point in the near future I anticipate that there is going to be a wrap up of assets in the Athabasca Basin, especially with properties close to the PLS deposit.”

Wilson believes that uranium prices will continue to trend upward. According to the World Nuclear Association there are currently 435 nuclear reactors connected into national grids, 67 under construction, 164 on order and 317 proposed.

“Exploration at Clearwater West has progressed rapidly,” stated Fission 3.0 Chief Geologist Ross McElroy, “Surveys and ground prospecting, during Fall 2014 have helped us identify and prioritize a number of high priority targets close to the border with PLS and, just 330 meters away, Fission Uranium intersected near-surface anomalous radioactivity. We’ve now reached the stage at which drill testing these high profile targets is the logical next step.”

Fission 3.0 originally owned 9.9% of Brades  when the JV deal was first transacted and have increased their position on Brades’ last financing.

“You don’t need to be a geologist to see the similarities between our property the PLS discovery,” stated Wilson, “The collective understanding is that there are more big discoveries still to be achieved in this basin.”

Brades is currently trading at .06 with a market cap of $2.8 million.

Contact:

Brades Resource Corp.
Brian Biles
Director
604 687 7742
brian@bradesresource.com
www.bradesresource.com

 

Legal Disclaimer/Disclosure: This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Financial Press makes no guarantee, representation or warranty and a fee has been paid for the production and distribution of this Report.

 

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$810 Million Stock Investment Makes Canada Largest Foreign Investor in Albania http://financialpress.com/2015/02/24/albania-set-to-shine-in-2015/ http://financialpress.com/2015/02/24/albania-set-to-shine-in-2015/#comments Tue, 24 Feb 2015 14:35:31 +0000 http://financialpress.com/?p=46384 By Financial Press

When the current government of Prime Minister Edi Rama swept into power in 2013, supported by major coalition partner Speaker Ilir Meta, there was wave of enthusiasm not only in Albania but amongst international economic observers. The government inherited a very difficult climate in Albania, a country that was perceived internationally as a difficult place to do business, plagued by crime and a lack of transparency. But, with the new government came with it renewed hope for the country.

As Bryan Slusarchuk, Chief Executive Officer of Canadian based Tirex Resources (TXX-TSXV) (TIRXF-OTC), states, “These are exciting times in Albania. Canada is the largest foreign investor in Albania right now but there is also some strong interest growing from investors in other western countries such as the United States, Germany and the UK. If the government keeps doing the right things, as tough as some of these steps are, I think Albania has a very bright future ahead.”

Fast forward from the difficult times of 2013 to today and the country’s economic prospects seem a whole lot brighter. The country has become an official European Union candidate country and Prime Minister Rama and his government have successfully waged a huge internal battle to destroy the country’s illegal marijuana growth and export industry. This tough on crime approach has been applauded throughout Europe but has not been easy. In fact, within the last month, two bombs exploded at buildings owned by family members of a senior police official and Interior Minister Saimir Tahiri. It’s clear that while Prime Minister Rama is intent on destroying organized crime, there are elements within Albania not happy about his progressive actions.

Outside of the war on crime, very successful by all standards, the government has worked hard to increase transparency within the country’s economy and has also pressed hard for reforms to the country’s judicial system. Also, prudent accounting and modern balance of accounts mechanics are finally being implemented in Albania. In fact, this month, the government announced that it has cleared up approximately EUR 64 million in accumulated unpaid bills to private companies that had remained previously unpaid although the work had long been completed.  All of these actions by the government have been welcomed, and mandated in many instances, by the European Union. This is starting to take a positive effect and Albania’s economy is set to grow again in 2015.

Much of the growth in small countries like Albania is driven by foreign investment. Albania benefits from being richly endowed geologically and with that comes investment from foreign companies involved in sectors such as oil and gas and mining. Canadian based Bankers Petroleum, for example, recently announced a USD $153 million capital investment program for 2015. This type of foreign investment pays big dividends in Albania. Indicative of this, between 2004-2013, Bankers has paid $304 million in royalties within the country, $2 million in local taxes to communes and municipalities and pays approximately $1.5 million annually in land rentals to 500 families.

Tirex Resources has been investing in the country since 2007 and has conducted the country’s first ever large scale, modern and systematic exploration program for copper, zinc, gold and silver. Earlier this month, Tirex was declared the winner of the bidding process for the Rehova Mining Property which is a past producing copper mine, mined via a combination of underground and open pit mining. While it was a past producer, approximately 84% of the originally defined historical resources are reported to be intact. The company also believes that, through modern definition, expansion and exploration drilling, there exists a potential for additional resources. Rehova is considered by many to be the jem of the Albanian copper mining industry but Tirex wants to put the mining district on the map for other metals. When asked about Rehova, Tirex Chief Executive Officer, Bryan Slusarchuk, noted “At Rehova, the company is aiming to define resources according to modern reporting standards and also is very eager to also test this area for zinc, gold and silver potential. The sole focus in the past was on copper. This government is working hard to attract more foreign investment and Tirex is proud to act as a leader in terms of ushering in what we believe will be a new era in the Albanian mining industry. In doing this, we are utilizing a best practices approach as to environment, health, safety and community in accordance with European Union and Canadian operating standards.”

For his part, Prime Minister Rama, is a believer that the future of Albania is within Europe. The Prime Minister, who is a renowned artist and also is a former winner of the world’s best Mayor for his term as Tirana mayor, has been vocal in his opinion that Albania’s future rests within a united Europe.  Just this week, Belgian’s Minister of Foreign Affairs Didier Reynders, praised Albania’s steps towards European Union integration and the United States has been a very strong supporter of Albania’s NATO role and the country’s commitment to lend its hand at fighting terror abroad. NATO’s Many in Albania consider the United States the country’s most important ally.  Regarding this special relationship between the United States and Albania, Slusarchuk goes on to say, “As Tirex has a huge United States investor base, we are acting as example in the United States investment community as to Albania being an investment destination. It takes time for a country to gain the attention of international investors, but I have seen a lot of positive steps in this regard during the past two years.”

The path to prosperity is never easy for emerging countries. But, with Albania taking the steps it has taken in the past two year and its strong natural resource endowment and favorable southern European location, it is a country to watch and may indeed emerge as a Balkan economic powerhouse.

Contact:

Bryan J.R. Slusarchuk
CEO and Director

Tirex Resources Ltd.
700 — 510 West Hastings Street
Vancouver, B.C., Canada V6B 1L8
Tel. 604-687-7160
Fax. 604-608-9110
Email: info@TirexResources.com
Website: www.TirexResources.com

Legal Disclaimer/Disclosure: This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Financial Press makes no guarantee, representation or warranty and a fee has been paid for the production and distribution of this Report.

 

 

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New invention aims to provide convenience and comfort for those living with diabetes http://financialpress.com/2015/02/19/new-invention-aims-to-provide-convenience-and-comfort-for-those-living-with-diabetes/ http://financialpress.com/2015/02/19/new-invention-aims-to-provide-convenience-and-comfort-for-those-living-with-diabetes/#comments Thu, 19 Feb 2015 14:05:20 +0000 http://financialpress.com/?p=46357 Diabetes

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New invention aims to provide convenience and comfort for those living with diabetes —

The International Diabetes Federation (IDF) expects the number of people living with diabetes to rise from 387 million in 2014 to 592 million by 2035, which will dramatically increase global demand for treatment and control of the disease.

Most people with diabetes control their blood glucose level with insulin. They need to regularly test their blood sugar during the day, and the standard test is finger pricking to draw blood, which is then applied to a test strip that provides a result.

But finger pricking, even with spring-loaded lancing devices, can be painful and stressful. Now researchers at the University of Calgary are developing what they believe could be a significant new method of blood sugar testing using a device which they say mimics a mosquito and is virtually undetectable as it draws blood.

Called the eMosquito – for electronic mosquito – the device could be in clinical trials within a year, according to Martin Mintchev, a director of M Pharmaceutical Inc. (MQ-CSE), a Vancouver-based company that is collaborating with the inventors of the new device to take it through clinical trials and regulatory approvals.

“This could be an important breakthrough for people with diabetes,” says Dr. Mintchev. “The eMosquito is a device that will automatically monitor their blood sugar levels throughout the day with less discomfort and stress than traditional methods. In addition, blood sugar data can be sent wirelessly to users’ smartphones and/or physicians, eliminating the need to carry bulky testing hardware.”

He points out that the IDF estimates that diabetes caused at least US$612-billion in health expenditure in 2014 – 11 per cent of total spending on adults globally.

According to industry analysts including Frost & Sullivan, BMI Espicom and IEK Industrial Technology Research Institute, the value of the global market for blood glucose measuring devices is expected to grow from an estimated US$845-billion in 2014 to US$897-billion in 2016.

“The care and treatment of people with diabetes is a potentially huge market,” adds Dr. Mintchev. “We believe this will mean growing demand for new and more convenient ways of testing blood sugar levels, which is why we are supporting the development of the eMosquito.”

M Pharmaceutical Inc. is pursuing interests in pharmaceuticals and biomedical devices. It signed an arm’s-length binding letter of intent with M Diagnostics Inc., a Calgary company that holds the rights to the eMosquito, which was developed by the shareholders of M Diagnostics Inc., Dr. Martin Mintchev, Dr. Orly Yadid-Pecht and Mr. Joseph Wang at the University of Calgary.

The letter of intent provides for the acquisition of all the rights to the eMosquito technology.

For more information on the eMosquito and M Pharmaceutical Inc., please visit the company website at www.m-pharma.ca.

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The three inventors of the e-Mosquito. From left, Dr. Orly Yadid-Pecht, Mr. Joseph Wang and Dr. Martin Mintchev.supplied

Mosquito bite provided inspiration for wearable blood sugar test device

Like most scientists, much of Martin Mintchev’s work is motivated by “what-if” questions. As a biomedical engineer, it’s only natural that his search for solutions to complex problems would focus on how to combine technology and medicine to develop new ways to help people with chronic illnesses like diabetes.

With that in mind, his question became: what if we could develop a wearable electronic microsystem that can automatically and sequentially activate and control miniature needles from a given set, the pricks of which would be hardly discernable, yet each of them would draw enough blood to test a user’s glucose level?

‘Can’t be done’ was the general response 10 years ago when Dr. Mintchev and fellow researchers began re-exploring an existing idea to develop a tool that would mimic nature, specifically a mosquito, to draw blood for medical testing. They spent several years on the project and advanced it in the laboratory to a first generation device, but it wasn’t practical enough to take it further. The materials available at the time simply didn’t match their needs, and the size of the prototype was similar to a deck of cards, which made it impractical to wear.

Then technology began to catch up. The emergence of shape memory alloys and further miniaturization of measuring instruments meant that a commercially viable and conveniently wearable electronic mosquito to provide diabetics with a new way of monitoring blood sugar was a distinct possibility – eMosquito became a reality.

Dr. Mintchev is currently a professor of Electrical and Computer Engineering at the University of Calgary and an adjunct professor of surgery at the University of Alberta in Edmonton. He is also a registered professional engineer in Alberta. He and two colleagues at the University of Calgary, Dr. Orly Yadid-Pecht and Mr. Joseph Wang, filed a patent for their invention last November and are now collaborating with M Pharmaceutical Inc. of Vancouver to conduct clinical trials and facilitate the regulatory approvals of the device.

Dr. Mintchev believes pilot clinical trials could begin within a year. In the meantime, the team will focus on building 10 to 15 prototypes to help perfect the technique and functioning of the device.

A key breakthrough in the quest for a viable eMosquito came with the evolution of new materials known as shape memory alloys.

“In our device, the shape memory alloy is a metal-like wire, which in a relaxed state is flexible and not rigid at all,” explains Dr. Mintchev. “But when you pass relatively small electrical current through it, it becomes tense and can exert enough force to control a miniature needle to penetrate the skin and extract a small whole blood sample. This creates the unique opportunity to design really flat, in-plane needle actuators controlled by infralow-power electronics that can be easily wearable by the patient, initially in the form of a small cuff, and eventually, as the technology matures, as a Band-Aid-like patch.”

Contained in a cuff that fits on the wrist or ankle, the present version of the eMosquito is controlled by its built-in electronics and powered by a small, flat battery. The device is programmed so that each of the needles from the set “bites” at a pre-determined time.

“The user is not aware of the exact moment of biting – much like an actual mosquito bite,” says Dr. Mintchev. “As soon as the needle reaches a capillary, it retracts. In most cases, capillaries are slightly closer to the skin surface than the nerve endings, so users should feel virtually nothing, but the capillary pressure will be sufficient for a small whole blood sample to appear at the base of the bite on the skin and a built-in standard glucose sensing strip will detect the glucose level.”

The electronics for measuring the glucose level from the extracted whole blood sample is the same as that in commonly used present-day finger pricking devices, but a lot smaller in size. Each needle from a given set only “bites” once, after which the electronic control moves to another needle of the same set, which bites in a slightly different location on the skin when it’s time for the next test. The process is repeated as often as necessary, until all needles in a given set are exhausted. At the end of the day, the cartridge set with the cells that contain the needles is replaced with a new one.

The timing of bites can be tailored to each user’s needs and monitored if necessary by a medical professional, care giver or parent.

“More frequent blood glucose tests during the day reduce the risk of diabetes-related health problems,” says Dr. Mintchev. “For all type 1 diabetes patients and about 20 per cent of type 2 patients – those who need insulin therapy – at least four tests a day are required.”

He believes an automated and regular testing system like the eMosquito will not only be more convenient and comfortable for users, but will also help them better understand their blood glucose trends.

Initially, insulin will continue to be administered as it is now by injection or infusion pump, but future generations of the eMosquito could include remote electronic control capabilities to connect it to a wearable transdermal insulin infusion pump that would automatically provide the right dose of insulin based on the results of each bite. Thus, two small, wearable and minimally inconvenient electronic “patches” (one to test blood glucose and the other to deliver the necessary insulin) can serve as an autonomous external artificial pancreas.

While the cost of the device if it is commercialized has not yet been decided, Dr. Mintchev believes it will be acceptable to the market because the materials from which it is made are relatively inexpensive.

“The application of shape memory alloy-based actuation creates the possibility that the cost of each individual eMosquito cell will be comparable to the cost of a single strip for glucose testing at the moment,” he says. “The cell itself will be connected to a standard glucose-sensing strip. The electronics and the reporting will be a one-time expense similar to the existing glucose monitoring devices associated with finger pricking. They are similar electronic devices.”

But the advantage of eMosquito, he adds, is convenience, regularity of testing and less stress and physical pain for users.

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eMosquito uses the latest advances in technology to mimic nature – specifically the mosquito.

istockphoto.com

Fact check

What is diabetes?

Diabetes is a chronic disease that occurs when the pancreas is no longer able to make insulin or when the body cannot make good use of the insulin it produces. Insulin is a hormone made by the pancreas that lets glucose from the food we eat pass from the blood stream into the cells in the body to produce energy. All carbohydrate foods are broken down into glucose in the blood. Insulin helps glucose get into the cells.

Not being able to produce insulin or use it effectively leads to raised glucose levels in the blood, known as hyperglycaemia. Over time, high glucose levels are associated with damage to the body and failure of various organs and tissues.

There are three main types of diabetes:

Type 1 diabetes used to be called juvenile-onset diabetes. It is usually caused by an auto-immune reaction where the body’s defence system attacks the cells that produce insulin. People with this form of diabetes need injections of insulin every day in order to control the levels of glucose in their blood. If people with type 1 diabetes do not have access to insulin, they will die.

Type 2 diabetes used to be called non-insulin dependent diabetes or adult-onset diabetes and accounts for at least 90 per cent of all cases of diabetes. It is characterised by insulin resistance and relative insulin deficiency, either or both of which may be present at the time diabetes is diagnosed. People with type 2 diabetes can often initially manage their condition through exercise and diet. However, over time, most people will require oral drugs and/or insulin.

Both type 1 and type 2 diabetes are serious. There is no such thing as mild diabetes.

Gestational diabetes (GDM) is a form of diabetes consisting of high blood glucose levels during pregnancy. It develops in one in 25 pregnancies worldwide and is associated with complications to both mother and baby. GDM usually disappears after pregnancy, but women with GDM and their children are at an increased risk of developing type 2 diabetes later in life.

Maintaining blood glucose levels, blood pressure and cholesterol at or close to normal can help delay or prevent diabetes complications. Therefore, people with diabetes need regular monitoring.

Source: International Diabetes Federation www.idf.org

Contacts:

M Pharmaceutical Inc.

Investor Relations

Info@m-pharma.ca

www.m-pharma.ca

 

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