Inge-Tech.com

Tuesday, February 01, 2005

Ingen Technologies to Launch Its Second Generation OxyAlert™ --Marketing to generate $30 million in first 18 months of production--

 

For Immediate Release:

Calimesa, CA- February 1, 2005: Ingen Technologies (OTC: IGTN), a medical device manufacturer and service provider for medical and consumer markets, announced today that it has received approval to complete the final phase of development for OxyALERT™, the Company’s flagship product. Over $4 million has been invested in the development of OxyALERT since 2003.

OxyALERT™ is a device that can detect the remaining time of oxygen flow within an oxygen cylinder. A small remote receiver is carried by the patient, care giver or pilot, and provides a digital LCD display of information regarding the oxygen supply.

Scott Sand, CEO & Chairman of Ingen Technologies, stated, “Our engineers have completed the new design and have started the final production model of OxyALERT™. There is no current competition, and our patent was approved with 20 applications. This would be very hard to duplicate without infringement.”

Sand continued, “There are currently, 8 million oxygen-tank users in the United States, and hundreds of thousands of small aircraft, which require reliable and accurate devices on their oxygen supplies.  The Company has global distribution networks to market OxyALERT and expects to generate $30 million within the first 18 months of production.”


About Ingen Technologies

Ingen Technologies (OTC: IGTN), in business since 1999, is a medical device manufacturer and service provider for medical and consumer markets both domestic and abroad. Currently increasing revenues are generated from the Company’s Secure Balance™ program; a medical product line for physicians and hospitals that provide patient services for Balance & Fall Prevention programs. The OxyALERT™ is another product line that has an issued US Patent and is a proprietary technology. This product is the second generation development of the Company’s initial BAFI™ product; a medical safety device that provides wireless and remote monitoring of oxygen delivery systems for patients and small aircraft. Using the same patented and proprietary technology, the Company has the GasAlert™ product; a device that interfaces between any gas line and accessory, such as a water heater, dryer, stove or heater, to detect leaks. This is a mass consumer item expected to go to market in 2005.

“Our team of professionals has developed medical products for the growing elderly population. These products are superior to any of our competition and they allow effective medical product availability to seniors, and at the same time the demand allows for a steady growth in sales and profits”; said Scott Sand, CEO & Chairman of Ingen Technologies. 
 
For more information, visit: www.otcfn.com/igtn and www.ingen-tech.com


Investor Relations Contact:  Scott R. Sand, C.E.O & Chairman
     Ingen Technologies, Inc.
     285 E. County Line Road
     Calimesa, CA 92320
     800-259-9622
     951-675-3266
     800-777-1186 FAX
     [email protected]

     Rick McCaffrey, Investor Relations
     OTC Financial Network
     781-444-6100 x625
     781-444-6101 FAX
     [email protected]


Safe Harbor for Forward-Looking Statements:  This news release includes forward-looking statements that are made pursuant to “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company’s progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management’s opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The company’s operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are set forth in the company’s periodic filings with the U.S. Securities and Exchange Commission.

Download this article in PDF format: IGTNoxyalert020105d1.pdf

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