BRANCHBURG, NJ -- (Marketwire) -- 10/31/08 -- Hydromer, Inc. (OTCBB: HYDI) announces that
it has entered into a Sales Representation Agreement with David Lu and
Corp. in Taipei, Taiwan.
Under the terms of this relationship, David Lu and Corp. will represent and
negotiate medical Coating Services and Royalty/Fee-Based Agreements in
Taiwan. The primary focus will be in the application of Hydromer's
proprietary and patented Hydromer® hydrophilic coatings on various
Pebax® cardiovascular, neurovascular and similar microcatheters under
strict FDA cGMP and ISO 13485-2003 conditions.
"This Agreement will provide Hydromer with access to the lucrative
Taiwanese medical device market," commented Martin von Dyck, Executive Vice
President of Hydromer, Inc. "The David Lu and Corp. will also be
responsible for negotiating all coating services and IP protecting
agreements within Taiwan, subject to final approval by Hydromer."
David Lu and Corp. is a Sales Organization that specializes in high
technology coatings. It is headquartered in Taipei, Taiwan.
http://hi.baidu.com/hydromer
Pebax® is a registered trademark of Arkema.
Hydromer, Inc. is a technology-based company involved in the research and
development, manufacture and commercialization of specialized polymer and
hydrogel products for medical device, pharmaceutical, animal health,
cosmetic, personal care, and industrial uses. For the latest information
about Hydromer, Inc. and its products, please visit our web site at
http://www.hydromer.com.
Contact:
Martin von Dyck
Executive Vice President
(908) 722-5000
Hydromer, Inc.
35 Industrial Parkway
Branchburg, New Jersey 08876-3424