Yulex signs agreement to make first catheters from only U.S. source of latex

March 24, 2007

Tuesday, March 20, 2007

YULEX CORPORATION AND TECHDEVICE CORPORATION SIGN AGREEMENT TO PRODUCE CATHETER PRODUCTS

Multi-year agreement will provide the first catheter made with guayule latex to the medical industry

CARLSBAD, Calif.; March 20, 2007 – Yulex Corporation has signed an exclusive, royalty-based agreement with TechDevice Corporation, a medical device manufacturer that produces balloon catheters and guidewires for a variety of endoscopy, urology and vascular applications. The agreement allows TechDevice to manufacture balloon-catheter based products using Yulex® latex made from guayule latex. Yulex® latex is the world’s only biobased, commercial source of latex that is safe for people with Type I latex allergy.

“The demand for an alternative material that is superior in performance to synthetic latex products and does not pose serious health risks to the end-user is enormous,” says Gordon Brown, president of TechDevice Corporation.

TechDevice will use Yulex® latex for the development and manufacture of balloon catheters used for stone retrieval, vessel occlusion and thermodilution indications. Superior in physical, chemical and biological properties to high-end synthetic materials, Yulex ® latex is more effective with better tensile strength than deproteinized tropical natural rubber latex and a safe alternative to tropical natural rubber latex materials.

“We are pleased to successfully conclude our product development efforts with TechDevice and move towards the commercial production of these critical medical devices,” says Jeffrey Martin, CEO of Yulex Corporation. “TechDevice’s expertise in prototyping and developing minimally invasive balloon technologies has made them a market leader.”

Currently, synthetic rubber latex is the only alternative material available for catheters safe for latex allergy sufferers; however, such manmade materials cannot match the elasticity, tensile strength and durability of biobased materials. Yulex® latex shares the same molecular composition as natural rubber latex, but without the proteins that cause latex allergy.

Yulex® latex is one of Yulex Corporation’s products derived from a U.S. desert plant called guayule. The plant also provides products for adhesives, and biofuels.

About Yulex Corporation

Yulex (www.yulex.com) is a materials science company producing a U.S. source of NRGL derived from the desert plant known as guayule (why-YOU-lee). Yulex® latex is distributed exclusively through the leading international rubber latex distributor in the world; Centrotrade USA and its sister company Centrotrade Deutschland GmbH. The company, along with industrial strategic partners, is currently developing patented technology to extract other specialty chemicals and biofuels from the desert plant. Yulex, a privately-held company, was founded in 1997 and is based in Carlsbad, California with operations throughout the southwest U.S. and Australia.

About TechDevice Corporation

TechDevice Corporation (www.techdevice.com), located in Watertown, MA, specializes in the design, manufacture and assembly of medical devices including balloon manufacture and finished balloon catheters as well as a broad range of finished and custom guidewires. This includes proven, new product design and development for OEM’S that prefer total outsourcing solutions. TechDevice offers superior quality systems, competitive pricing and a vertically integrated manufacturing facility that includes several particle and humidity controlled environments. TechDevice, a privately held company, was founded in 2001 and is ISO 13485:2003 certified and U.S. FDA registered.

Company Contact:
Yulex Corporation
Jeffrey Martin
President and CEO
760.476.0320
jmartin@yulex.com


Media Contact:
(W)right On Communications
Betsy Brottlund
760.591.0700
bbrottlund@wrightoncomm.com

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Betsy Brottlund
Account Manager
(W)right On Communications
bbrottlund@wrightoncomm.com
www.wrightoncomm.com
Mobile: (619) 302-6965


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