June 27, 2018 — Batavia, New York — First Wave Products Group, LLC, a subsidiary of First Wave Technologies, Inc. (“First Wave” and “company”), announces that the company has expanded its customer base by signing a new client within the Kaiser Permanente hospital network. The new client, The Kaiser Permanente Antioch Medical Center, located on the East Bay of San Francisco, California, establishes First Wave’s presence in both the Kaiser Permanente network as well as in the acute care market.
An order for twelve (12) of First Wave’s First Crush® Automated Pill Crushers was placed by the hospital’s Intensive Care Unit (ICU), a department where there is a high demand for pill crushing. First Crush provides the ICU staff with an expeditious method of preparing patient medications while ensuring greater quality control and dose accuracy for the patient.
Noting that there are over 35 million hospital admissions annually, First Wave recognizes the vital role that First Crush can play in delivering patient pharmaceuticals. The acute care market is an area where there is significant need for precise protocols as well as time efficiencies.
The new relationship with Kaiser Permanente fits in with First Wave’s strategy of expanding into new markets within the healthcare system. Acute care is a larger market then the company’s current customer base of nursing homes. Furthermore, aside from the nursing home population, acute care has the highest demand for pill crushing.
First Wave’s Chief Executive Officer and Director, Brian Bell, stated, “We are delighted to be working with the Kaiser Permanente Hospital Group. Kaiser Permanente has a strong reputation for offering superior service and providing best-in-class medical care. We are pleased to be establishing a presence within the ICU department and servicing this group. Moreover, we are honored to be affiliated with the Kaiser organization and look forward to potentially expanding our relationship further within their network of hospitals.”
About First Wave Technologies
First Wave Technologies, Inc. is a medical device company developing products for the acute care and long-term care market. The focus is to disrupt areas of healthcare with innovative products which have not seen meaningful change historically for the improvement of patient care. Current products are centered around improving the ease and accuracy of pharmaceutical delivery. For more information, please visit https://www.firstwavetechnologies.com/ and http://firstwaveproducts.com/.
About Kaiser Permanente
Kaiser Permanente is committed to shaping the future of health care. We are recognized as one of America’s leading health care providers and not-for-profit health plans. Founded in 1945, Kaiser Permanente has a mission to provide high-quality, affordable health care services and to improve the health of our members and the communities we serve. We currently serve more than 12.2 million members in eight states and the District of Columbia. Care for members and patients is focused on their total health and guided by their personal Permanente Medical Group physicians, specialists and team of caregivers. Our expert and caring medical teams are empowered and supported by industry-leading technology advances and tools for health promotion, disease prevention, state-of-the-art care delivery and world-class chronic disease management. Kaiser Permanente is dedicated to care innovations, clinical research, health education and the support of community health. For more information, go to: kp.org/share.
Corporate Contact:
Brian Bell
Chief Executive Officer and Director
First Wave Technologies, Inc.
99 MedTech Dr.
Batavia, New York 14020
Phone: +1.877.784.0269
info@firstwavetechnologies.com
Investor Contact:
Jennifer K. Zimmons, Ph.D.
Investor Relations
Zimmons International Communications
Phone: +1.917.214.3514
jzimmons@zimmonsic.com
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