‘MedClean Technologies is the result of our efforts to create a break-out business model that makes it easy for healthcare institutions to embrace the Company’s onsite solutions for RMW treatment and management, which help hospitals reduce expenses, mitigate risks, and protect the environment,’ said Scott Grisanti, President and chief executive officer of MedClean.
These solutions are delivered in containers that require no installation within an institution’s facility, reducing the required footprint within a facility. The MedClean container series configuration is the subject of a patent filing and features that facilitate easy access to hospital utilities, along with options for on-board utilities in the event that electric and/or steam are not easily accessible. The MedClean Mobile Series adds transportability allowing multi-site healthcare organizations to cost effectively leverage a system across several locations.
‘To make MedClean’s on-demand solutions accessible to more healthcare institutions, we have added a variety of acquisition options,’ said Mr. Grisanti. ‘In addition to traditional capital purchases, we have added lease and rental programs to match the demands of target customers and significantly expand the Company’s overall market opportunity. A MedClean Container system can replace one or more trailers from off-site providers for RMW and confidential documents. In a similar manner, the expense for a MedClean Container rental can replace — at a lower cost — the expense for one or more off-site vendors.’
Recent Developments
As part of the re-launch of the Company as MedClean Technologies, and particularly since the recapitalization in early August, the Company has completed several important initiatives and strengthened its competitive position. Initiatives include an augmented board of directors and new, professional management, as well as an application for a new patent to strengthen the Company’s intellectual property position. Recent additions to the leadership team include:
The strengthening of the board of directors with the addition of Joseph Esposito (director and Chairman of the Board) and Kenneth Londoner (director).
The appointment of Scott Grisanti as President and CEO and a director of the Company.
The appointment of John R. Accardi as Senior VP of Sales and David J. Laky as Senior VP of Client Services, responsible for professional services, customer care, engineering and manufacturing.
‘During the last six months, we have taken the necessary steps to develop a customer-focused business plan and deploy professional management and an experienced, shareholder-focused board of directors,’ Grisanti added. ‘Today, MedClean emerges a stronger organization with a proven leadership team in place poised to accelerate the execution of a differentiated business plan that capitalizes on a sustainable competitive advantage. I anticipate that our efforts over the past six months will produce visible results for our shareholders during 2009.’
Containerized Medical Waste treatment system and related method also covers the treatment protocol used to achieve a superior level of RMW sterilization. A single MedClean Container system can treat 1 million pounds of RMW per year, in addition to handling confidential document destruction. The appropriate processing and destruction of confidential medical documents is an important consideration under federal HIPAA regulations.
‘The intellectual property articulated in our patent filing provides a sustainable competitive advantage to MedClean Technologies and our customers,’ added Mr. Grisanti. ‘Combined with our system workflow, which minimizes handling of bio-hazardous waste by healthcare workers, MedClean systems mitigate risk by addressing ‘cradle-to-grave’ hospital responsibility for untreated RMW. Once treated, the volume of sterilized waste is reduced by 80 to 85%, which minimizes the carbon footprint of healthcare organizations, while onsite sterilization also eliminates the need to transport untreated RMW through host communities, an issue which currently represents a liability for hospitals.
‘In short, the advanced MedClean system will lower expenses, reduce the environmental impact, and eliminate unnecessary risks for hospitals,’ concluded Grisanti. ‘These messages, along with our attractive pricing options, will resonate with cost and image-conscious healthcare organizations. We also believe the new model will enable us to target a far wider range of healthcare organizations, benefiting our shareholders and enabling us to scale revenue more rapidly compared to prior business models.’
