Quick-Med Technologies, Inc. Licenses NIMBUS Antimicrobial
Technology To Derma Sciences, Inc. For Use In Wound Care Products
Gainesville, Florida - April 2, 2007 - Quick-Med Technologies, Inc. (OTC Bulletin Board: QMDT) ("QMT" or the "Company") is
pleased to announce that it has entered into a multi-year patent and technology license agreement with Derma Sciences, Inc. (OTC
BB: DSCI), a manufacturer and supplier of wound and skin care products. The agreement licenses QMT's NIMBUST antimicrobial
technology ("NIMBUS", or the "NIMBUS technology") to Derma Sciences on an exclusive basis for use in specific wound care
products, including conforming gauze, gauze sponges, gauze bandage rolls, gauze packing strips, oil emulsion acetate and Unna Boot
dressings.
"QMT is a pioneer in wound care antimicrobial innovations, and we are pleased to enter into this exclusive license agreement." said
Edward J. Quilty, Chairman, President & CEO of Derma Sciences. "This license agreement with QMT represents further momentum
in our business strategy of using free cash flow from our base business to fund the marketing and sales of novel, higher-margin
products. The NIMBUS technology is a perfect fit for our growing infection control portfolio of products. We expect NIMBUS to
offer significant benefits over competitive technologies, and to be a great new weapon for clinicians to use to help fight hospitalacquired
infections, a growing concern worldwide. The products we develop with this technology will help us achieve our goal of
advancing wound care by bringing new technologies to the market and empowering clinicians." added Mr. Quilty.
"We are confident that the wound dressings we plan to develop incorporating NIMBUS technology will represent a significant
improvement over current technologies, which would give clinicians more topical antimicrobial options for post-operative and
chronic wound indications." said Barry Wolfenson, Vice President of Marketing and Business Development of Derma Sciences. "In
addition, our development studies to date have shown that it maintains its properties even in the presence of blood, which would offer
an advantage over currently available technologies. As such, we look at this as a potential platform technology that we could roll-out
to several products, increasing our relationship with QMT as time goes on." concluded Mr. Wolfenson.
"We are delighted to be working with Derma Sciences, and to support their development and marketing efforts with our NIMBUS
technology," said David Lerner, Founder & President of Quick-Med Technologies. "Derma Sciences is bringing new innovative
products and approaches to the industry, and we look forward to working with them to expand our market opportunity within the
wound care arena, a $7.2 billion global market1." added Mr. Lerner.
Under the terms of the agreement, QMT will receive royalty payments of twenty (20) percent of the net revenue Derma Sciences
receives from sales of the licensed products. In addition, the Company will receive an upfront license signing fee of $50,000 and
quarterly advance royalty payments of $25,000 for the next nine (9) months from the effective date of the license agreement. This
agreement is exclusive for the U.S. and Canada wholesale markets.
The agreement also grants Derma Sciences a non-exclusive license with ten (10) percent royalty payments to develop and market the
licensed products in the wound care industry to or on behalf of the U.S. government and in the wholesale markets of all countries
outside of the U.S. and Canada, subject to certain limitations and the Company's termination right as set forth in the license
agreement.
There are no material relationships between QMT or its affiliates and any of the parties to the license agreement, other than with
respect to the license agreement. Additional information can be found in the Company's current report on Form 8-K/A filed with the
Securities and Exchange Commission.
About NIMBUST
The Company's patented technology, NIMBUS (Novel Instrinsically Microbonded Utility Substrate), employs a family of advanced
antimicrobial polymers that destroy bacteria at the cellular level, thereby eliminating the risk of developing drug resistance. Unlike
any other microbicide on the market today, the NIMBUS technology works by creating a permanent bond with a multitude of
substrates (without leaching) and is less than 10% the cost of silver-based antimicrobials. Studies conducted by the Company, as well
as by independent laboratories, demonstrate that NIMBUS is highly effective, including against methicillin-resistant Staphylococcus
aureus ("MRSA") and vancomycin-resistant Enterococcus ("VRE"), two of the most significant antibiotic-resistant organisms
responsible for hospital infections2.
Source:
1. Espicom Report – 2007 Global Market for Advanced Wound Care Products.
2. Quick-Med Technologies, Inc. and the University of Florida collaborate to develop the next generation of NIMBUS™
antimicrobial technology (Press Release: September 13, 2005)
About Derma Sciences, Inc.
Derma Sciences, Inc. provides a full range of skin care; wound management and specialty securement devices that are used primarily
in the professional markets, specifically hospitals, nursing homes and home care settings. For more additional information, visit
Derma Sciences' website: http://www.dermasciences.com. For Details, Contact: Edward J. Quilty, President & CEO at (609) 514-
4744 or email at equilty@dermasciences.com.
|
About Quick-Med Technologies, Inc.
Quick-Med Technologies is a life sciences company focused in developing
proprietary, broad-based technologies for consumer, industrial, and healthcare
use, as well as for advanced military and civilian medical applications. The
Company¹s two core products under development are (1) MultiStat™,
a family of advanced compounds shown to be effective in broad-based skin therapy
applications, and (2) NIMBUS™, a family of advanced polymers that can be
used in a wide range of applications from advanced wound care to wood preservatives.
Quick-Med Technologies is listed under the symbol "QMDT" on the OTC
Bulletin Board. For additional information, visit Quick-Med Technologies¹ website: www.quickmedtech.com or email: info@quickmed-technologies.com
For additional further information, please contact QMT:
David S. Lerner -- President
Phone : (561) 750-4202
Email: dlerner@quickmed-technologies.com
Natasha A. Sorobey -- Corporate & Investor Relations (Canada)
Phone: (403) 203-4748
Email: nsorobey@quickmed-technologies.com
Forward-looking statements (statements which are not historical
facts) in this release are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. For this purpose, any statements
contained in this release that are not statements of historical fact may be
deemed to be forward-looking statements. Without limiting the generality of
the foregoing, words such as "may", "will", "to",
"expect", "plan", "believe", "anticipate",
"intend", "could", "would", "estimate",
and/or "continue" or the negative or other variations thereof or comparable
terminology is intended to identify forward-looking statements involve risks
and uncertainties, including launch and approval of the potential products described
herein and the Company¹s results of operations. The Company is also subject
to other risks as detailed from time-to-time in the Company¹s SEC filings. |