SANOMEDICS INTL HLDG (OTCMKTS:SIMH) is moving steadily lower in recent days. The stock saw a fast move up last month on Ebola euphoria which started when the Company announced on October 10 that their Thermomedics, Inc. division has shipped the first group of devices to Atlanta Headquarters of the Center for Disease Control (“CDC”) for immediate distribution to selected ports of entry, where touch-free temperatures are destined to identify fevers in arriving travelers from at-risk countries.
SIMH has been around for years and used to trade as Niagara Mining & Development Co focused on the business of purchasing & developing mining properties before the reverse merger and name change to Sanomedics International.
SANOMEDICS INTL HLDG (OTCMKTS:SIMH) is a medical technology holding company that focuses on game changing products, services and ideas — a place where physicians, entrepreneurs, and medical companies can work together to drive innovative technologies through concept, development, and ultimately commercialization. Sanomedics plans to grow existing business organically and through strategic acquisitions specifically relating to healthcare technology and services.
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It all started on October 10 after SIMH announced that the Company’s Thermomedics, Inc. division has shipped the first group of devices to Atlanta Headquarters of the Center for Disease Control (“CDC”) for immediate distribution to selected ports of entry, where touch-free temperatures are destined to identify fevers in arriving travelers from at-risk countries.
The Company has dramatically increased production requirements to meet the escalating demand for the Caregiver, not only for the CDC needs, but in response to the growing adoption of these devices in healthcare facilities across the United States.
SIMH prodcut, the Caregiver® Thermometer is the world’s first clinical-grade device with TouchFree™ technology developed by the team that invented tympanic thermometry! Our new Caregiver® thermometer offers instant, accurate temperatures and easy-to-use features that professionals have asked for…
the Caregiver® has recently garnered national media attention after the caregiver was featured on CNN as the product the CDC is using at airports to screen for Ebola in the front lines in the fight against the deadly disease.
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On October 17 SIMH announced that demand is soaring for its Caregiver® TouchFree™ Clinical Thermometers, primed by the growing concern for spread of EBOLA and MERS infections. The Company is gearing up for heavy inventory requirements to support this global effort at all healthcare facilities and ports-of-entry.
Conclusion SIMH has seen a spectacular rise in price in recent trading after it has come to light that the Company’s Caregiver® Thermometer is being used at airports in the USA by the CDC in the fight against Ebola.
Currently trading at a $2 million market valuation SIMH recent developments are enough to keep it in the spotlight for a while as Ebola continues to dominate both local and international headlines. As SIMH forms a base here over a dime smart investors have their eye on recent highs of $0.6′ as the price to beat!
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Disclosure: we hold no position in SIMH either long or short and we have not been compensated for this article.