Biozoom Enters Into Commercial Phase of Scanner Production
Move from prototype to production environment is final step before mass scale production and commercial distribution
AGOURA HILLS, Calif., June 24, 2013 /PRNewswire/ -- Biozoom (OTC QB: BIZM) creator of the world's first of its kind portable, handheld device for real-time biofeedback, announced today that the device has entered commercial production. "The Biozoom scanner has captured the attention of so many organizations that production has moved from prototype to commercial scale," said Biozoom CTO, Dr. Wolfgang Kocher. The first shipment of scanners is expected to arrive in September. "They will be used to extend our test marketing with key commercial, healthcare and governmental entities."
The Biozoom scanner non-invasively measures and analyzes the biomarkers critical to understanding, managing and improving a user's health and wellness. The prototype units have been validated in clinical trials and used at respected European institutions. The first commercially produced scanners are expected to be used for large-scale studies by major multinational cosmetics and consumer goods producers, as well as large employers.
A portion of the first shipment will be dedicated to market testing in the United States, where health and wellness represent a $150 billion opportunity. "People everywhere want to live longer and healthier lives. A recent study by the Consumer Electronics Association indicated that 55% of online consumers in the US used some form of fitness electronics last year, and 37% anticipate buying a wellness related device this year," said Dr. Kocher.
Biozoom's innovation has been the successful miniaturization of reflection spectroscopy. The development of the biofeedback scanner has its roots in patented optics produced by Carl Zeiss, which overcome the challenges of portable, handheld spectroscopy. At the press of a button, the transdermal scanner collects and sends spectroscopic data to Biozoom's servers, which instantly return both results and wellness support coaching to the user.
"We have reached an exciting milestone," said CEO Hardy Hoheisel. "The first commercially produced units will include all of the patented components and will prove the feasibility of low-cost mass production."
Because the Biozoom scanner measures anti-aging factors including skin moisture and nutritional absorption, "it is of great interest to the cosmetics industry," said Dr. Kocher. "At the same time, the scanner gives new insight into the overall health and wellbeing of users by measuring antioxidant levels, stress responses and much more. Several large organizations have expressed interest in using the scanner to understand and support the health of their employees. By focusing on wellness and disease prevention, they can use Biozoom to help drive down healthcare costs and absenteeism due to preventable illness."
Biozoom is an innovative technology development company, specializing in the commercialization of our advances in mobile spectroscopy. Our intellectual property portfolio and ongoing research are positioned to apply Biozoom's technology breakthroughs to a wide range of markets. Our first consumer product, the Biozoom scanner, gives people the feedback they need to manage their health, wellness and fitness on demand. Tested in leading health institutions, our scanner is the first of its kind—a handheld, transdermal device for measuring biomarkers, including antioxidant levels, at the click of a button. Scan results—and customized wellness coaching based on those biomarkers—are sent instantly to a smartphone or online account. The scanner will enable leaders in the health and wellness industry to create new levels of customer loyalty and revenues as a result. For more information, visit www.biozoom.net.
This press release contains "forward-looking statements". Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, and specifically references to future potential purchase orders and re-orders from consumers and distributors. The reader can identify these forward-looking statements by forward-looking words such as "may," "will," "expect," "potential," "anticipate," "forecast," "believe," "estimate," "project," "plan," "continue" or similar words. The reader should read statements that contain these words carefully because they discuss future expectations, contain projections of future results of operations or of financial condition, or state other forward-looking information. Forward-looking statements include, but are not limited to, statements regarding potential products, customers, revenues, expansion efforts, and future plans and objectives of Biozoom, Inc. ("Biozoom"). The risk factors listed in our disclosure documents and the cautionary language therein provide examples of risks, uncertainties and events that may cause actual results to differ materially from the expectations and projections described by Biozoom in its forward-looking statements. Actual results relating to, among other things, product launch, sales, customer acceptance and market share could differ materially from those currently anticipated in such statements. Factors affecting forward-looking statements include: consumer preferences, competition from more established brands, ability to develop market share; changes in the operating costs; changes in economic conditions, foreign exchange and other financial markets; changes of the interest rates on borrowings; changes in the investments levels; litigation; legislation; environmental, judicial, regulatory, political and competitive developments in areas in which Biozoom operates; technological, mechanical and operational difficulties encountered in connection with Biozoom's development activities; and labor relation matters and costs. The reader should refer to the risk disclosures set out in the periodic reports and other disclosure documents filed by Biozoom from time to time with the Securities and Exchange Commission and other regulatory authorities.
SOURCE Biozoom, Inc.
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