Dehaier Strengthens Intellectual Property Portfolio
BEIJING, June 27, 2011 /PRNewswire-Asia-FirstCall/ -- Dehaier Medical Systems Ltd. (NASDAQ: DHRM) ("Dehaier" or the "Company"), an emerging leader in the development, assembly, marketing and sale of medical devices and homecare medical products in China, today announced that it was granted three new patents by State Intellectual Property Office of the People's Republic of China ("SIPO"). The patent awards were related to the design of Dehaier's Sleep Diagnostic and Continuous Positive Airway Pressure ("CPAP") homecare medical products and Medical-grade Air Compressor. These patents were issued in June 2011 and are valid for 10 years.
Design patents are granted to products that incorporate unique shapes, patterns, colors or combinations of features that strengthen a product's brand value upon commercialization. According to Patent Law of People's Republic of China, design patents are protected and defensible under national Intellectual Property Law.
"Innovation through continued R&D is key to supporting growth in our self-branded homecare business, and we believe these patent awards further protect our ability to provide the market with proprietary best-in-breed products. Developing new designs and enriching self-branded product offerings in the homecare segment is one of our key growth strategies to meet diversified market needs with portable, personalized and differential products," said Mr. Ping Chen, CEO of Dehaier, "These new patents bring our total intellectual property holdings to five patents and five software copyrights, in addition to other proprietary technology, such as trade secrets. Additionally, we currently have three pending patents and six pending software copyrights applications with SIPO for homecare products. We will continue to strengthen our R&D capabilities and plan to continue to build our intellectual property portfolio to increase ou