Lifeline Biotechnologies Files Additional Patents on Its First Warning System™
31 Agosto 2009 - 7:30AM
Business Wire
Lifeline Biotechnologies, Inc. (Pink Sheets:LLBO) today
announced that it has filed four additional patents on its First
Warning System™ methods and technology.
The First Warning System™ has been designed, developed and
tested, a process that assists in identifying abnormalities of the
breast.
Jim Holmes, Lifeline’s CEO, said that “We are extending patent
protection on our proprietary neural net diagnostic technologies
with the filing of three additional patent applications in the
United States. These filings relate to four essential elements in
its system for analyzing temperature readings of breast tissue to
identify cancerous tissue. The patents address the First Warning
System’s ™ method for the placement of temperature sensors to
obtain reliable temperature readings, its method for analyzing the
temperature readings, and its placeholder for assuring proper
sensor placement. In addition, a fourth application was filed under
the Patent Cooperation Treaty (PCT) to extend Lifeline
Biotechnologies’ protection, internationally, on all of the
existing patent filings and existing intellectual property
including these new filings.”
Lifeline Biotechnologies previously received two patents on its
First Warning System™ hardware and has in the past year filed for a
patent on the technological advancements of the First Warning
System ™ software. The software has achieved the robust capability
of identifying and classifying tissue abnormalities of the breast
with sensitivities (ability to identify) of 95% to 100% and
specificities (verify) of 87% to 90%. Currently, it is widely
recognized that mammograms miss an estimated 20 to 30% of the
breast cancers.
Lifeline competes in the money markets for funds to continue the
development of its products as well as supporting operating and
administrative expenses. The cost of funds for companies such as
Lifeline is expensive and the terms have been, and may continue to
be, dilutive. The Company is seeking other means of financing in an
effort to reduce the dilutive aspects.
Safe Harbor: This release includes forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 27E of the Securities Act of 1934. Statements contained in
this release that are not historical facts may be deemed to be
forward-looking statements. Investors are cautioned that
forward-looking statements are inherently uncertain. Actual
performance and results may differ materially from that projected
or suggested herein due to certain risks and uncertainties
including, without limitation, ability to obtain financing,
successful development of the Company’s product and regulatory and
shareholder approval for anticipated actions.
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