Austin tech firm nabs grant to develop bed sores test

Oct 23, 2013
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Applied Nanotech Holdings Inc. (OTCQB: APNT) has received a Small Business Innovation Research grant for $175,000 through the National Institute of Nursing Research

The grant will be used to conduct tests and research on a technology that can detect the early presence of pressure ulcers, or bed sores, in bed-ridden patients

Executive vice president Richard Fink said the technology can detect trace odors from damaged tissue and be used to prevent the sores from worsening, reducing costs for health care providers who spend $3 billion to $5 billion worldwide each year on treatment. Fink said the company is exploring possibly marketing the technology through its EZDiagnostix subsidiary company or possibly licensing it to a third party

Research on the sensor technology began one month ago and Applied Nanotech has worked with the University of California Davis for nearly four years

The company, which is searching for a CEO, has 25 employees and is involved in various composite and thermal materials. In Q2, it reported a loss of $643,918 compared to a $1.55 million dollar loss for the same quarter in 2012

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