YUCAIPA, Calif., April 16, 2009 (GLOBE NEWSWIRE) -- Ingen Technologies, Inc. (Pink Sheets:IGNT), a leading global Medical Device Manufacturer focused on the $4B Respiratory market with their Oxyview products for the growing aging population and emerging markets for Home (DME), Hospital and Aviation industries announced today that the Chinese State Intellectual Property for the People's Republic of China is prepared to grant patent rights for Oxyview.
On April 10, 2009 the company was notified by the Del Mar, California based American Patent & Trademark Law Center that the Chinese patent application no. 200710005067.4 / Docket no. 3659-CHI will be granted for the Peoples Republic of China. In China, chronic obstructive pulmonary disease (COPD) in people over the age of 40 is much more prevalent than previously thought, according to researchers in Guangdong. According to an estimation by the World Health Organization, COPD ranks first among the burdens of diseases in China and accounts for one million deaths and five million disabilities each year.
Oxyview offers cost savings for the entire global oxygen industry. "It has been 90 days since the 36-month cap on oxygen equipment rental went into effect in the USA. Most providers have found a way to stay in business; although the industry is only faced with the initial challenge associated with revenue reduction and lower reimbursement. Oxyview will play a small role in a huge and growing industry by eliminating unnecessary service calls to the home oxygen patient, and easily diagnosing equipment malfunction that could lead to malpractice suits. Oxyview stands alone in the in-line gravity independent flow-meter market, with potential sales of $30M annually, and savings in the industry of 10 times that amount. One Oxyview costs less than a single service call," Stated Scott Sand, CEO and Chairman of Ingen Technologies.
http://www.sciencedaily.com/releases/2007/10/071012080126.htm
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