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NeedleSmart has developed a market-leading technology that heats hypodermic needles into a molten state, prior to compressing it into a ball. The process takes just a fraction of a second to create a safe, sealed sphere of sterile metal that is no longer sharp.

needlesmart imageThe NeedleSmart product addresses two major issues for global healthcare systems; the safety of the healthcare staff and the escalating compliance cost of disposing of post procedural needles.

The NeedleSmart product is designed as a sealed chamber storing needles and syringes in a sterilised safe form and it efficiently minimizes the possibility of post procedural Needle Stick Injury (NSI)

The NeedleSmart product heats the needles inserted to an excess of 1300 degrees °C which will kill potential harmful pathogens, virus and bacteria adhering to the needle, sterilising the needle to be disposed of and melting into a safe sphere inside the product and allowing the waste to be disposed as non-hazardous rather than hazardous clinical waste with considerable cost savings.

http://needlesmart.com/

ProductGrowth MedTech EIS
SectorMedical Technology
Aim of fundingGrowth
HMRC Advanced Assurance receivedYes
Envisaged investor exit3 years
Targeted returnIn excess of 7 times gross investment