GVDI Holds Patents on New Solution to Healthcare Workers’ Risk
March 5, 2012
FOR IMMEDIATE RELEASE
CLEARWATER, FL– Golden Valley Development, Inc. (Other-OTC: GVDI) (www.goldenvalleydev.com) is pleased to announce the development of the Percu-Guard needlestick prevention device, a tool currently unavailable in the medical and dental industries, exceeding 1 billion potential annual applications worldwide.
Percu-Guard™ – meaning “guard for the skin” – was developed and patented by inventor and Golden Valley CEO Kevin Sorrels as protection for health care workers who are required to use needles to inject patients with medications.
Currently, there are 1.5 million reported needlesticks to health care workers in the United States annually, with an estimated 100% under reporting rate. Such needlesticks can transmit blood-borne diseases such as Hepatitis and HIV to the health care worker.
PercuGuard is an inexpensive plastic medical device to prevent such accidental injuries and disease transmissions. Designed to be worn over a latex glove, Percu-Guard targets an unaddressed area where inadequate protection results in needlestick injuries. A wholly-new device, it is puncture resistant, elastic, and allows tactile sensitivity.
Developed primarily for dental workers, applications in related medical fields exist for health care workers requiring the use of “sharps”, in close proximity to the health care worker’s finger or thumb.
According to American Dental Association statistics, there are 150,000 practicing dentists in the U.S. and Canada, each performing approximately 4,000 procedures indicating some form of needlestick protection. This translates into approximately 600 Million dental procedures per year. OSHA currently requires the evaluation and implementation of safe, effective and cost effective needlestick prevention devices and modalities.
Percuguard addresses three areas of risk: inadvertent needlesticks to health care workers, OSHA regulatory requirements and civil liability.
Updates on Golden Valley Development, Inc.’s Progress
As of January 30, 2012
Golden Valley Development, Inc. (OTC: GVDI) is pleased to announce the appointment of John
Dr. John Powers
Powers, Ph. D., to its recently-formed Advisory Board. Dr. Powers has been involved in the development of the Percuguard TM needlestick prevention device and will be instrumental in ensuring the device’s successful near-term introduction into broad dental and medical use in applications where superior protection from exposure to blood borne pathogens is a critical need.
Dr. Powers, an internationally respected dental materials scientist, holds multiple professorships at renowned dental schools in Texas, Michigan, and Germany. He publishes a widely-read dental materials newsletter, The Dental Advisor, and has authored or co-authored over 1,000 scientific articles, textbooks, and other dental industry publications. Click here for additional information about Dr. Powers.
Kevin Sorrels, D.D.S., CEO of GVDI, stated, “We are excited and honored to add John to our Advisory Board, as he has played an instrumental role in the original research and product development that resulted in successful field trials, patent approval and FDA clearance of the first generation Percuguard finger sleeve.”
“I am pleased to be able to see this exciting product through to its successful global introduction as it provides a workable solution to the issue of accidental needlesticks in medical applications where other approaches just don’t work as well,” said Dr. Powers.
GVDI expects to complete final production engineering of the Percuguard needlestick protection sleeve in early 2012, followed by its global introduction into dental, medical and ambulatory applications. Market research indicates that there are an estimated 20 billion applicable procedures per year for the single-use disposable device.
About Golden Valley Development, Inc.
Golden Valley Development, Inc. is a publicly-traded product development and technology licensing company based in Clearwater, FL. Through two of its wholly-owned subsidiaries, its business plan is to manufacture and market patented products in the health care and home consumer markets, beginning with its first two products, “Cut Stop”TM and “PercuGuard”TM.
Updates on Golden Valley Development, Inc.’s Progress
As of January 4, 2012
There has been a great deal of interest recently in several of GVDI’s product lines, including
- Meetings with investors planning for the launch of the PercuGuard product line
- Bringing on board additional PR resources for Digital Sports Media, Inc., a wholly-owned subsidiary of GVDI
- A marketing campaign for a new sports-comedy television project to which Digital Sports Media has acquired the rights to market.
- We are exploring the possibility of expanding our original agri-business plan, and, to that end, are conducting a broad search for personnel who may help us in that regard. Our continuing with this plan will depend in large measure on our success in finding the perfect candidates to operate such a venture.”