CHROMEDX RECEIVES COMPUTER INTERFACE AND CO-OXIMETRY MODULES FOR PROTOTYPE ASSEMBLY

November 29, 2016 – ChroMedX Corp. (the “Company”) (CSE: CHX, OTC: MNLIF, Frankfurt: EIY2), developer of the HemoPalm Handheld Blood Analyzer System, is pleased to announce that the Company has taken delivery of the HemoPalm computer interface and CO-oximetry modules for assembly of a handheld prototype.  The modules come from the Company’s development partner, analytical equipment developer Dr. Licht GmbH, of Numbrecht, Germany.

ChroMedX worked closely with Dr. Licht to develop the specialized modules for the construction of the Company’s handheld prototype. The assembled modules include a 5” LCD display and micro-spectrometer module plugged into a single board computer which provides the computing power, storage, user interface and communication via Wireless LAN, Ethernet, Bluetooth and USB ports. The combined modules provide a small profile, optimal for packaging into a handheld prototype that will function and appear as the marketed product. 

 “The computer interface and CO-oximetry modules are the heart of HemoPalm system. This small configuration provides required computing power, wireless communication and low battery power, which makes it ideal for a handheld device.” said Ash Kaushal, President & CEO, ChroMedX Corp.

With the main analyzer modules in place the Company is now addressing the integration of the cartridge receiver for the biosensor array and initial industrial design.

Dr. Licht was previously responsible for supplying the breadboard used by ChroMedX to demonstrate proof-of-concept for the CO-oximetry.  The results were reported in 2015. For further information on Dr. Licht you can visit www.dr-licht.de/

ChroMedX recently announced that the Company has commenced testing on the biosensor component of the HemoPalm Handheld Blood Analyzer System and received positive results from initial testing.

The HemoPalm Handheld Blood Analyzer System is the only handheld blood analysis technology which combines Blood Gases & Electrolytes with full CO-oximetry.  Currently this combination is not available on any of the handheld analyzers on the market. Existing technologies require users to purchase a second device to carry out the CO-oximetry. The Company’s technology has the advantage of being able to offer a single handheld blood analyzer that provides all the required tests for Blood Gases & Electrolytes, with full CO-oximetry and bilirubin. Another competitive advantage of the HemoPalm system will be its ability to draw capillary blood directly from a pin-prick site into the cartridge, providing an alternative to arterial blood. Drawing arterial blood is painful and can cause nerve damage. CO-oximetry is the measurement of five different hemoglobin species in blood.

The global market for Blood Gases & Electrolytes was estimated to be 1.5 Billion $US in 2015 and is projected to reach over 1.8 Billion by 2020.

About ChroMedX Corp.

ChroMedX Corp. is a medical technology company focused on the development of novel medical devices for in vitro diagnostics and point-of-care testing.  The devices are protected by the Company’s issued and pending patents, dealing with blood collection, analysis and plasma/serum processing.