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Timestrip I.V. – First full adoption by NHS Trust - 28 Oct 2009
Timestrip plc is delighted to announce that Walton Centre NHS Foundation Trust will become the first NHS Trust to fully adopt Timestrip I.V. into its protocol for monitoring the dwell-time of Peripheral Intravenous Cannulae (PVC's). Vygon (UK) Ltd., the Main Distributor in the UK and Ireland for Timestrip I.V., has secured the contract to supply cannulation packs to Walton Centre NHS Foundation Trust. The unique and patented TimestripIV product will be included as a standard component in every pack.
Timestrip I.V. is an innovative technology that enables clinicians and patients to quickly assess how long a cannula has been in place and thus take appropriate action in line with hospital infection control procedures. Up to 60% of cases of blood infections known as MRSA Bacteraemia are caused by PVC's and the cost of treating MRSA is estimated at £1 billion per annum, according to the National Audit Office. Launched in July 2009, Timestrip I.V. is currently being used and trialled by more than 25 other NHS hospitals.
Paul Freedman, Joint CEO, TimestripPlc: "The first full conversion of a NHS Trust is a major milestone for the business and has been achieved by the team at Vygon (UK) Ltd. in a relatively short period of time. Timestrip I.V. is now gaining excellent exposure within the NHS and we are optimistic that more Trust conversions are achievable in the future. I am also very encouraged by the number of international enquiries for Timestrip I.V. that we have received in recent weeks, including several from North America.
About Timestrip
Joint CEOs Reuben Isbitsky and Paul Freedman founded the UK headquartered Timestrip in 2001, floating the company on the UK Alternative Investment Market (AIM) in 2005. Timestrip Plc develops and manufactures label technologies that monitor product shelf life and environmental conditions. The company is establishing itself as the standard in replacement indicators for products worldwide. Its smart labels are supplied to a number of well-known brands, including United Pet Group (Tetra), Whirlpool Europe, Hamilton Beach/Febreze®, Hygolet, Dryandstore® and IBA Bouchard. Timestrip was also a finalist in the Best New Product category at the recent Society of Food Hygiene and Technology Awards in London.
