ORLANDO, Fla., April 9, 2015 (GLOBE NEWSWIRE) — Houston based Spine Pain Management, Inc. (OTCQB:SPIN), a technology-driven, medical service, device and healthcare solution company servicing the multi-billion dollar spine injury sector, is pleased to announce that its Quad Video HALO (QVH), a revolutionary video transparency accessory for medical fluoroscopy devices, has been issued a “Notice of Allowance,” allowing all claims, by the U.S. Patent and Trademark Office for Patent Application No. 13/723,372. Gleric Holdings, LLC, the assignee of the patent application, is a wholly-owned subsidiary of Spine Pain Management, Inc.
The QVH is the first device developed that has a clamp with an adjustable circumference that attaches to an X-ray head and includes mounts for accessories such as a camera, a video camera, a light fixture, a microphone, an image projector, a video projector, an imaging device, or a combination of these accessories. While the QVH includes a number of additional innovative features, the claims in the above mentioned patent application are directed to the novel adjustable clamp and accessory mount features.
Dr. William Donovan, CEO of Spine Pain Management said, “Over the last few years, SPIN has invested significant time and money in the development of the QVH, a proprietary real-time video and documentation accessory. The QVH has undergone rigorous testing and has been used to great success in conjunction with SPIN’s medical affiliates in a diagnostic program for treating more than a thousand spine injury cases. The QVH not only provides protection for the medical provider through secure video transparency and real-time documentation of the procedures, but also gives great comfort to the patient knowing his or her medical provider will ‘do his best’ in performing the procedure.” Donovan went on to say, “Some two years ago we realized the potential of the QVH and that with modifications, it could be expanded dramatically outside our own needs, not only for use with the tens of thousands of fluoroscopes (both fixed and portable) currently in service, but also in operating rooms world-wide. As a new player in the very competitive medical device and accessory space, we felt it was imperative to have a strong patent on the QVH before openly entering the market. Now with this patent, we feel we are ready to aggressively penetrate the market. Our patent attorney says ‘these claims will provide strong protection for our invention. The QVH will also be protected by additional patent applications that are currently in process.”
David Spencer, President of QVH, Inc. stated at the ASIPP Annual Meeting, “We are excited to be presenting our product, the Quad Video Halo—a technology that provides the highest level of integrated video from multiple views simultaneously with audio and fluoroscopy. You will see that this new technology allows the medical equipment to work collaboratively with information systems and telecommunications. Minimally Invasive Image-Guided surgeries increasingly occur in operating rooms or clinical surgical rooms. During these procedures, the Quad Video Halo will provide data, including high resolution video displays that no longer rely on the dependence of mobile equipment. This will improve patient outcomes by allowing real-time collaboration and live communication, all while providing a HIPPA compliant patient archive database including still pictures and video.”
About Spine Pain Management, Inc.:
We are a medical services and technology company facilitating diagnostic services for patients who have sustained spine injuries resulting from traumatic accidents. We deliver turnkey solutions to spine surgeons, orthopedic surgeons and other healthcare providers that provide necessary and appropriate treatment of musculo-skeletal spine injuries resulting from automobile and work-related accidents. Our care management services help reduce the financial burden on healthcare providers that provide patients with early-stage diagnostic testing and non-invasive surgical care, preventing many patients from being unnecessarily delayed or inhibited from obtaining needed treatment. We believe that our services and technology brings strong transparency and impartiality to all parties involved in the settlement of patient cases.
Additional information about the company, along with a video can be found at its website atwww.spinepaininc.com.
About Quad Video HALO, Inc.
A wholly owned subsidiary of Spine Pain Management, Inc., Quad Video HALO, Inc brings surgeons and interventional pain management providers the ability to bring modern video documentation technology into the operating/treatment rooms. The Quad Video Technology™ V3.0 creates a digital turnkey video and audio documentation solution that integrates multiple views from other OR/treatment imaging sources with several other viewpoints just outside the sterile field.
Additional information about QVH can be found at its website: www.quadvideohalo.com.
Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the “SEC”). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, healthcare services demands, changes in healthcare practices, government regulation, and other factors over which the company has little or no control. The company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the company’s recent filings with the SEC.
Dr. William F. Donovan Chairman, President & CEO Spine Pain Management, Inc.