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Sharps Technology Receives ~$100K Initial Purchase Order from Hungarian Vaccine Provider for SecureGard™ Syringes
Globenewswire· 2025-05-06 11:00
Core Insights - Sharps Technology, Inc. has received a total of approximately $500,000 in purchase orders for Q2, marking a significant transition to a revenue-producing stage for the company [1][2] - The recent orders include a $100,000 purchase from a Hungarian vaccine provider and a $400,000 order for the SoloGard™ product, part of a broader $50 million agreement with a U.S. company [1][2] - The company has also received an initial qualification order for the DisGard™ Sharps Recovery System, which is designed for safe disposal of surgical sharps [2] Company Overview - Sharps Technology specializes in innovative medical devices and pharmaceutical packaging, focusing on patented smart-safety syringe products [6] - The company emphasizes ultra-low waste capabilities and incorporates both passive and active safety features in its syringe technologies [6] - Manufacturing is conducted at a state-of-the-art facility in Hungary, which is equipped to meet ongoing and future demand [3] Product Details - The SecureGard Retractable Safety Syringe is a key product, designed to minimize accidental reuse and needle stick injuries through a manual retraction feature [4] - The product line includes low dead space syringes that reduce drug wastage and are available in 1ml, 3ml, and 5ml capacities [7] - The company aims to scale production and fulfillment to support its expanding pipeline of purchase agreements [3]