Calmare Therapeutics Awarded $15 Million General Supply Order Contract
February 18, 2016 12:12 PM Eastern Standard Time
FAIRFIELD, Conn.--(BUSINESS WIRE)--Calmare Therapeutics Incorporated (OTCQB: CTTC) (CTI), the Calmare® chronic pain and wound care company, has been issued a general supply order contract – GSA contract #V797P-4300B (the "Contract") for an estimated total of $15 million over the next 60 months.
"This is a momentous occasion in our Company's history as a military contractor"
"This is a momentous occasion in our Company's history as a military contractor," said Calmare Therapeutics President and CEO Conrad Mir. "Our military contracts team has helped us overcome many obstacles to reach this significant milestone. We look forward to broadening our presence in the government contract space over the short- and long- term."
About Calmare Pain Mitigation Therapy™
Calmare Pain Mitigation Therapy™ has successfully improved the quality of life of chronic neuropathic pain patients across the globe without need of invasive treatments or prescription drugs. Calmare PMT offers comprehensive prolonged pain mitigation for 3 to 4 months. And, in those patients that are true responders patients may have full pain elimination that may last up to a year or more.
About the Company
Calmare Therapeutics Incorporated, the Calmare Pain Mitigation Therapy™ company, researches, develops and commercializes chronic, neuropathic pain and wound affliction devices. Our flagship medical device – the Calmare® Pain Therapy Device (the "Calmare Device") – is the world's only non-invasive and non-addictive modality that can successfully treat chronic, neuropathic pain. The Company holds a U.S. Food & Drug Administration 510k clearance designation on its flagship device, which grants it the exclusive right to sell, market, research and develop the medical device in the United. Calmare Devices are commercially sold to medical practices throughout the world. They are also found in U.S. military hospitals, clinics and on installations via CTI's General Services Administration (GSA) military contract (V797P-4300B).
Certain statements contained in this press release are forward-looking statements that involve risks and uncertainties. The statements contained herein that are not purely historical are forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements deal with the Company's current plans, intentions, beliefs and expectations and statements of future economic performance. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to differ materially from what is currently anticipated. Factors that could cause or contribute to such differences include those discussed from time to time in reports filed by the Company with the Securities and Exchange Commission. The Company cannot guarantee its future results, levels of activity, performance or achievements.
Calmare Therapeutics Incorporated
Conrad Mir, 203-368-6044
President and CEO
Catalyst Research Management
Marc Robins, CFA, 503-445-2850
JV Public Relations
Janet Vasquez, 212-645-5498