August 1, 2019 — Batavia, New York — First Wave Products Group, LLC, a subsidiary of First Wave Technologies, Inc. (“First Wave” and “company”), announces that the company has received a $40,000 non-dilutive grant from the National Grid PLC (“National Grid”) matched by other company funds. Grant funding will be used to further support advances for First Wave’s Clarity-I® anesthesia system, specifically underwriting a portion of the design for manufacturability analysis and partially paying for the second of three usability studies.
First Wave has already identified two partners to assist with these goals: NextCorp, a firm offering technology commercialization support; and Core Human Factors, a firm providing expertise in identifying “the human factor” to fit a product to the physical, cognitive, and perceptual characteristics of end users. First Wave expects to begin the aforementioned activities immediately.
According to First Wave’s Chief Executive Officer and Director, Brian Bell, “Being selected for this grant from National Grid is an extreme honor. They have been a long support of of economic development in the region. We appreciate their continued support as we work to advance Clarity-I® further down the path to commercialization. We feel that recognition from a well-respected name will also work to raise First Wave’s visibility and corporate profile.”
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 National Grid PLC
National Grid (LSE: NG; NYSE: NGG) is an electricity, natural gas, and clean energy delivery company serving more than 20 million people through our networks in New York, Massachusetts, and Rhode Island. We are the largest distributor of natural gas in the Northeast. National Grid also operates the systems that deliver gas and electricity across Great Britain. National Grid is transforming our electricity and natural gas networks with smarter, cleaner, and more resilient energy solutions to meet the goal of reducing greenhouse gas emissions by 80 percent by 2050. Our Northeast 80—50 Pathway is an industry leading analysis for how to reach that goal in the states we serve, focusing on the power generation, heat, and transportation sectors. For more information, please visit https://www.nationalgridus.com.
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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