BRANCHBURG, NJ -- (Marketwire) -- 11/17/08 -- Hydromer, Inc. (OTCBB: HYDI) announces that
it has entered into a Sales Representation Agreement with HnG Medical
Incorporated to represent Hydromer medical coatings in the People's
Republic of China.
Under the terms of this relationship, HnG Medical will represent and
negotiate medical coating services and royalty/fee based license agreements
in China.
"I am delighted with our new relationship which will provide Hydromer with
access to one of the fastest growing economies in the world," commented
Martin von Dyck, Executive Vice President of Hydromer, Inc., adding, "What
is of significant importance is that HnG Medical will aid Hydromer in the
preparation of medical coating agreements to be enforceable under Chinese
law and providing protection for Hydromer's intellectual property."
In addition to the Urinary catheter and Central Venous Catheter and
Cardiovascular Stent businesses, HnG Medical will focus on the application
of Hydromer's proprietary Hydromer® hydrophilic coatings on various
Pebax®, Polyamide and Polyurethane cardiovascular, neurovascular and
similar microcatheters catheters.
HnG Medical Incorporated is headquartered in Ontario, Canada with offices
in the Ningbo Free Trade Zone, China. The company supplies manufacturing
equipments and raw materials to Chinese medical device manufacturers.
Backed by profound knowledge, rich experience in disposable medical
devices, HnG is offering consultation services and supplying manufacture
equipments to manufacturers. HnG provides most advanced and top quality
manufacture equipments and materials. Please visit our web site at
http://www.hngmedical.com.
Pebax ® is a registered trademark of Arkema.
For additional information please contact: Martin von Dyck, 908-722-5000,
Executive Vice President.
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