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VeriTeQ and EL to Develop Pressure-Sensing Microtransponder for Tissue Expanders in Breast Reconstruction

VeriTeQ Corporation ("VeriTeQ") a provider of implantable medical device identification and radiation dose measurement technologies, announced today that, in conjunction with its customer Establishment Labs, S.A. ("EL"), it will initiate development of a pressure-sensing microtransponder to be used in tissue expanders for breast reconstruction and tissue expansion.

EL's tissue expanders will incorporate a host of technological features, most importantly giving surgeons the ability to measure internal pressure during the expansion cycles.

This next generation of VeriTeQ's FDA cleared Q Inside Safety Technology, which acts as an electronic serial number in breast implants and other implantable and reusable medical devices to provide physicians and patients access to secure online databases to retrieve device-specific data from the medical device manufacturer, will be designed to detect pressure in tissue expanders used during breast reconstruction and augmentation. The goal of VeriTeQ's Q Inside Safety Technology with pressure-sensing capabilities for tissue expanders is to further enhance patient safety and comfort.

VeriTeQ has previously developed a temperature-sensing microtransponder, and owns U.S. Patent 7,125,382 for an Embedded Bio-sensor System to attach a bio-sensor to a radio frequency microtransponder.

"Listening to the needs of our customers and potential customers has always been a cornerstone of our company," said Scott R. Silverman, Chairman and CEO of VeriTeQ. "By including a pressure-sensing microtransponder within tissue expanders we can increase a patient's comfort when she is preparing to undergo breast reconstruction. We will use our know-how gained from previous bio-sensor development to progress this next application with our customer, EL."

According to Establishment Labs' CEO, Juan José Chacón-Quirós, "Tissue expander technology has been stagnant for the last 30 years. We are very pleased to begin this development in partnership with VeriTeQ and some of the best reconstructive surgeons in the world with the objective of increasing the quality of life for patients undergoing breast reconstruction and tissue expansion."

About VeriTeQ

VeriTeQ develops innovative, proprietary RFID technologies for implantable medical device identification, and dosimeter technologies for use in radiation therapy treatment. VeriTeQ offers the world's first FDA cleared RFID microchip technology that can be used to identify implantable medical devices, in vivo, on demand, at the point of care. VeriTeQ's dosimeters provide patient safety mechanisms while measuring and recording the dose of radiation delivered to a patient in real time. For more information on VeriTeQ, please visit www.veriteqcorp.com.

About EL

Establishment Labs is a privately held, global breast, body and facial aesthetic company with offices in Florida, Costa Rica and Belgium, that designs, develops, manufactures and markets an innovative product portfolio consisting of advanced silicone-filled breast (www.motivaimplants.com) and body shaping implants. Utilizing only the highest quality of medical grade silicones, the CE-marked Motiva Implant Matrix® line is rigorously scrutinized by professional Quality Engineers throughout the entire manufacturing process. All its products are manufactured in full compliance with ISO and EU requirements, and are certified under the Medical Device Directive 93/42/EEC. For more information on EL, please visit www.establishmentlabs.com.

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