|
Hathaway Corporation's Diabetes Detection, Inc. Completes Prototype of Vibrameter
Wednesday July 5, 2006
Hathaway Corporation announced that their wholly owned subsidiary, Diabetes Detections, Inc (DDI), has recently completed a working prototype of the Vibrameter, an early detection device for diabetes.
Diabetes Detection, Inc.'s patent pending Vibrameter represents the world's only mobile medical device that tests for early defects of the nervous system, or neuropathy, resulting from diabetes and kidney failure. This device has the ability to revolutionize the industry by detecting neuropathy through vibration utilizing communication devices such as a pagers, cell phones, and PDAs. The current prototype was implemented on a Blackberry device and will be further tested for accuracy and results.
"DDI's working prototype of the Vibrameter speeds up the overall process and will allow us to move much more rapidly into the production phase of the device," stated Mr. Paul D. Lisenby, Acting CEO of Hathaway. Mr. Lisenby further states, "Our next step will be to apply for FDA Approval of the device and continue testing the prototype for other types of communication devices."
Diabetes is a chronic condition that affects 18.2 million people -- nearly 6 percent of adults and children. National inpatient hospital costs associated with the treatment of diabetes topped $3.8 billion. According to government studies, early detection can reduce this number by $2.8 billion and devices such as the Vibrameter can test for early symptoms of this disease.
*Blackberry is a registered trademark of RIM and is in no way associated with Hathaway Corporation and or its subsidiaries.
About Hathaway Corporation
Hathaway Corporation develops and acquires undervalued companies
that bring a shift in how communications are delivered and serviced
globally. Hathaway continues to seek out and capitalize on emerging
technologies such as OptiCon Systems that will change the way the
world communicates. Originally, OptiCon Systems was developed by
Corning and sold to their customers. Corning spent millions of dollars
and over seven years developing the Fiber Optic Management System
currently marketed and sold by OptiCon Systems Inc. OptiCon serves
over 70% of the global 500 companies such as Adelphia, Charter, Comcast,
Comcast/AT&T, Cox, Time Warner, and BrightHouse. Through Companies
like OptiCon, Hathaway brings the communication solutions of the
future to today's business marketplace.
Safe Harbor
This release includes forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 27E of the
Securities Act of 1934. Statements contained in this release that
are not historical facts may be deemed to be forward-looking statements.
Investors are cautioned that forward-looking statements are inherently
uncertain. Actual performance and results may differ materially from
that projected or suggested herein due to certain risks and uncertainties
including, without limitation, ability to obtain financing and regulatory
and shareholder approval for anticipated actions.
|
