OrthoAccel Receives 2007 DeBakey Life Science Award and plans move to HTC to Accelerate Growth
FOR IMMEDIATE RELEASE
Houston, November 2007---- OrthoAccel, Inc., a Houston-based orthodontics device company, has won the 2007 Michael E. DeBakey Life Science Award, presented to a Houston-area company with “leading-edge commercial potential”.
OrthoAccel was chosen for the award from a field of more than 50 companies and technologies that presented at the conference, which carries a $25,000 cash prize to assist in propelling the company’s technology toward commercial success.
The award was presented to OrthoAccel’s president and CEO, Michael K. Lowe, MBA, by Dr. DeBakey and Peter G. Traber, M.D., President and Chief Executive Officer of Baylor College of Medicine at BioHouston’s 2007 Texas Life Science Conference.
OrthoAccel’s initial product, currently in development, is a mouthguard type device that will provide a small vibratory force to the teeth; placed in the mouth for 20-minutes a day it will reduce by half the time that braces need to be worn.
Selected as HTC Client Company
Taking another step in its growth, OrthoAccel has been accepted as a Houston Technology Center (HTC) client company. HTC serves as a business accelerator for life science and other emerging-technology companies with proprietary technology and the likelihood of achieving significant growth and profitability.
“Becoming an HTC client company is important for a start-up company like ours, ” said Mr. Lowe. “The shared resources, conference space, and business advisors will help us focus on our mission of finalizing the device development and starting our first-in-human study by the summer of 2008.”
OrthoAccel Technologies, Inc. (OATI)designs, develops and markets devices for orthodontics. Their first device cuts treatment time for braces in half and works in combination with all existing orthodontic bracket technologies ( www.OrthoAccel.com).
BioHouston, Inc., was founded by Houston-region academic/research institutions to help establish the Houston region as a vigorous global competitor in life science and biotechnology commercialization. www.biohouston.org
ABOUT HOUSTON TECHNOLOGY CENTER
Houston Technology Center (HTC) is a business accelerator that assists Houston-based emerging technology companies in key sectors such as Energy, Information Technology, Life Sciences, Nanotechnology and NASA-originated technologies. www.houstontech.org
SAFE HARBOR STATEMENT
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Statements in this release regarding OrthoAccel’s business that are not historical facts are “forward-looking statements,” which involve risks and uncertainties that could cause actual results to differ materially from any future results, performance, or achievements expressed or implied by such statements.