Biophan Technologies Substantially Expands Patent Portfolio Tuesday April 27, 4:01 pm ET Total Portfolio Increases to 9 Issued and 6 Allowed Patents in Addition to 45 Applications in Process
ROCHESTER, N.Y.--(BUSINESS WIRE)--April 27, 2004--Biophan Technologies, Inc. (OTCBB:BIPH - News), a developer of next generation biomedical technology, announced today the allowance of five and issuance of five additional patents, substantially expanding its proprietary technology base, bringing its total portfolio to nine issued and six allowed patents, in addition to forty-five applications in process. Biophan has received Notice of Allowance for three patents, each entitled, " An Electromagnetic Interference Immune Tissue Invasive System," and having focus in three distinct areas of photonic and shielding technology and their application to MRI safety for implantable devices such as pacemakers. The application numbers of these patents are 2002/0133211 A1, 2002/0133200 A1, and 2002/0133199 A1.
The company also received Notice of Issuance for three patents that were the subject of a previous press release when they were allowed by the Patent Office. Two of them share the same title as the above three allowed patents, " An Electromagnetic Interference Immune Tissue Invasive System," and have patent numbers 6,718,203 and 6,718,207; both issuing on April 6, 2004. The third, " MRI Compatible Medical Device with Passive Generation of Optical Sensing Signals," patent number 6,711,440, issued on March 23, 2004.
" Biophan`s mission of creating a world-class biomedical patent portfolio is clearly being realized," stated Michael Weiner, CEO of Biophan. " We are pleased to add these patents to our proprietary technology base, bringing our total portfolio to nine issued and six allowed patents, in addition to a notable forty-five applications in process."
Biophan continues to work with its licensor, Nanoset LLC, to broaden their patent portfolio that is under exclusive worldwide license to Biophan for medical applications. Nanoset recently received Notice of Allowance for two additional applications dealing with optical and shielding applications of its nanomagnetic materials.
In addition, Nanoset has received Notice of Issuance for two patents that are also exclusively licensed to Biophan. They are " Magnetically Shielded Conductor," patent number 6,506,972, issuing on January 14, 2004, and " Magnetically Shielded Assembly," patent number 6,713,671, issuing on March 30, 2004.
View Biophan`s patent portfolio at http://www.biophan.com/intellectual.php.
About Biophan Technologies
Biophan Technologies develops and markets cutting-edge technologies designed to make biomedical devices--such as cardiac pacemakers, surgical and diagnostic tools--safe and compatible with magnetic resonance imaging (MRI) equipment. The Company develops enabling technologies for implanted medical systems such as pacemakers, and interventional surgical devices such as catheters and guidewires, as well as stents and other implants that can be safely and effectively imaged under MRI. The technology is also being used to create enhanced MRI contrast agents. Committed to growth through innovation and developmental leadership, Biophan and its licensors have nine issued U.S. patents and over fifty patents pending, in areas including nanomagnetic particle coatings, radio frequency filters, polymer composites, and photonics. Biophan`s technology will help realize its goal of one day making all biomedical devices capable of safely and successfully working with MRI. For more information, please visit www.biophan.com.
About Nanoset, LLC
Nanoset, LLC, based in East Rochester, NY, develops nanomagnetic particle coatings. Nanoset`s research and development has been conducted with Alfred University, a world leader in ceramics and thin-film coatings. Nanoset and Biophan are jointly developing technologies for the medical device industry.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements included in this press release may constitute forward-looking statements. Actual results could differ materially from such statements expressed or implied herein as a result of a variety of factors including, but not limited to: the development of Biophan`s MRI technologies; the approval of Biophan`s patent applications; the successful implementation of Biophan`s research and development programs; the acceptance by the market of Biophan`s products; competition and the timing of projects and trends in future operating performance, as well as other factors expressed from time to time in Biophan`s periodic filings with the Securities and Exchange Commission (the " SEC" ). As a result, this press release should be read in conjunction with Biophan`s periodic filings with the SEC. The forward-looking statements contained herein are made only as of the date of this press release, and Biophan undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
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