Littleton, CO and Seattle, WA – Jan. 6, 2014
dBMEDx™ , Inc., a privately-held automated wireless medical device company, announces the receipt of an Advanced Industries Accelerator Grant from the State of Colorado. The $249,000 grant, awarded by the Colorado Office of Economic Development and International Trade (OEDIT), was announced by Governor John Hickenlooper and the full text of the OEDIT press release can be found here.
“We would like to express our appreciation to Governor Hickenlooper and the OEDIT for their support through the Advanced Industries grant program.” said David Shine, CEO of dBMEDx™ . “The funds from this grant will have a meaningful impact on dBMEDx and this type of support is essential for a company in our stage of development.”
The grant funds will be used to help initiate production of the company’s first product, the BBS™ bladder volume scanner, a fully automated and non-invasive bladder volume measurement device utilizing the company’s handheld scanning technology. Bladder volume measurement is a well-established metric used in the diagnosis and treatment of a wide range of medical conditions including Bladder outlet obstruction and UTI’s (urinary tract infections), the second leading cause of infection in the body. UTI’s account for approximately 8.1 million visits to health care providers each year and over $1.6 billion in annual medical costs. The current annual market for automated bladder measurement devices is estimated at $150 million with a history of steady growth.
About dBMEDx, Inc.
dBMEDx is a medical device company that is developing novel, automated scanning devices for a wide range of medical applications. The company has developed the world’s smallest, wireless 3D ultrasound scan engine with integrated image analysis capability. This device architecture overcomes many of the limitations of traditional imaging technology to create devices that can be used with very little training by any medical professional. The patented dBMEDx architecture automatically collects and analyzes the image data and wirelessly presents the user with a numeric result, bringing the power and safety of ultrasound-based diagnosis to all medical professionals. For additional information, please visit www.dBMEDx.com.
David Shine, CEO