Teleos Licenses Hemophilia Product
August 16, 2006 – Indianapolis, Indiana - Teleos Announces It Has Licensed the Intellectual Property for a Hemophilia Product. Teleos is pleased to announce that it has completed a licensing agreement with NoseBudd, Inc. for the North American marketing, distribution and sales of a patent-pending design for people who struggle with nosebleeds. Says Ben Shobert, Managing Director of Teleos; “This announcement builds on Teleos’ growing capabilities. We began working with NoseBudd on product design and sourcing, then transitioned into handling the marketing, sales and distribution of the product itself into North America and Europe.”
NoseBudd is an ergonomically shaped gel-pack which easily fits over the nose, causing bleeding to stop. The device combines the effect of cold on blood vessels in the nose – causing them to shrink and blood flow to diminish – along with a pinching action which applies pressure on the nose, slowing the nosebleed. Designed by Steve Reidle, an inventor in South Bend, the product will be initially launched within the hemophiliac market, then introduced to a broader audience through retail sales. Additional information on the product can be found at www.NoseBudd.com.
Teleos provides a family of services ranging from fee-based analysis services in the field of product design, regulatory compliance evaluation or intellectual property review to more comprehensive development of business strategies for assisting Asian businesses more intelligently access the North American market. Additional services offered by Teleos include providing Asian businesses with the ability to hire employees through Teleos with Teleos providing administration of benefits and salaries. Clients selecting these services may also access Teleos’ billing and expense oversight allowing the client-OEM to focus its resources in other areas.
The company’s primary focus will be on technology companies whose emphasis is on differentiating themselves from their competitors not purely on price, but on innovative product design and marketing. Teleos clients are transitioning from a cost-only competitive model to a business model predicated on unique products reflecting their eagerness to adapt to new technologies.