Sharps Expertise Receives Buy Orders for 1 Million

Swiss-based supplier of beauty, dental, and ophthalmic injectable therapies points buy orders for 1mL SecureGard ultra-low waste, sensible security syringes

First 100k unit cargo is scheduled for late July, with the stability to be shipped all through Q3 and This fall of this yr

NEW YORK, July 03, 2024 (GLOBE NEWSWIRE) — Sharps Expertise, Inc., (NASDAQ: “STSS” and “STSSW”), an modern medical machine and pharmaceutical packaging firm providing patented, best-in-class prefillable and disposable syringe merchandise has obtained two buy orders for a complete of roughly 1 million SecureGard ultra-low waste sensible security syringes produced at Sharps’ manufacturing facility in Hungary. The primary 100k syringe cargo is scheduled for the third week of July, and subsequent deliveries can be made all through the remainder of 2024. Sharps is working to create a long-term, strategic partnership with the client, a serious Swiss-based international supplier of beauty, dental, and ophthalmic injectable therapies. The preliminary 1mL SecureGard syringe orders are a primary step in a collaboration that may leverage Sharps’ modern know-how, portfolio of drug supply options, and improvement experience to help the client’s rising product choices.

The necessity for modern injection options continues to develop quickly as injectables are the primary selection for therapies as numerous as vaccines, biologics, weight reduction and upkeep, ophthalmic and beauty functions, gene therapies, and diabetes and inflammatory illness administration. On account of this market progress and the influence of the tariffs, remembers, and high quality points with Chinese language provided syringes, Sharps is seeing growing ranges of curiosity and potential demand for its top quality sensible security syringe merchandise.

Sharps Expertise specializes within the improvement and manufacturing of modern drug supply programs. The Firm’s SecureGard and SoloGard product traces concentrate on low waste and ultra-low waste syringe applied sciences that incorporate energetic security options in addition to World Well being Group accredited re-use prevention measures. These options shield entrance line healthcare employees from life-threatening needle stick accidents and shield the general public from the hazards of needle re-use. Sharps has a producing facility in Hungary and is at the moment working to shut on its latest asset acquisition in South Carolina to broaden its manufacturing capability within the U.S.

For extra details about the Firm, please go to http://sharpstechnology.com.

FORWARD-LOOKING STATEMENTS:
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Investor Relations:
Dave Gentry
RedChip Corporations, Inc.
1-800-RED-CHIP (733-2447)
Or 407-644-4256
STSS@redchip.com

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