Our primary mission is to develop and commercially exploit technologies for improving the performance and the corresponding competitiveness of biomedical devices manufactured by third party companies. We do not currently employ our own manufacturing or distribution channels but rather rely on that of partner companies. We develop technology protected by strong intellectual property targeted at specific markets within the medical technology sector.

Our management team includes former executives from Johnson & Johnson and Angiotech who have been involved in all aspects of the biomedical device business, including new business development, engineering, research and product development, project management, regulatory affairs, sales and marketing, and intellectual property development.

We are affiliated with world renowned scientists and engineers, including relationships with consultants, academia, and large and small companies. While we currently employ only twenty-three direct employees (18 in the U.S. and five in Europe), our extended enterprise includes approximately fifty professionals with expertise in all of the critical areas needed to provide turnkey solutions to our customers. We have licensed certain of our technology to Boston Scientific Scimed, Inc. and have received a $5 million equity investment from them as well as license fees and minimum royalties. We are developing our biothermal power system in collaboration with the NASA Ames Center for Nanotechnology.

We have, or are developing, enhanced technology for the following products/ market sectors:

Pacemakers, implantable cardio-defibrillators Neurostimulators Stents Vena Cava Filters Heart Valves Cardiovascular Technologies Guidewires and catheters Drug pumps Drug delivery systems Power systems (batteries)

Our capabilities include making these devices both safe for use with MRI (many medical devices are contraindicated for use with MRI) and image compatible with MRI (many devices have imaging problems with MRI, such as visualizing stents for in-stent restenosis, a technology which we have licensed to Boston Scientific (NYSE: BSX). We are also developing improved contrast agents for use with MRI, and we offer an MRI safe and image compatible motor for drug pumps and robotic applications, which is currently being evaluated by a a major biomedical device manufacturer. For implantable devices that rely on battery power, we are developing longer lasting power systems that harness waste body heat instead of relying on chemicals for power generation, as in conventional batteries. We are developing proprietary controlled release drug delivery technology in our Nanolution subsidiary. Through our cooperation with Myotech, LLC, we are helping to develop a competitive ventricular assist device (VAD) called the MYO-VAD(TM), which will be MRI compatible, due to its non-magnetic construction, and will also offer several competitive features and advantages when compared to existing VAD technology.