BSD Medical Corporation Reports Increasing European Market Penetration

BSD Medical Corporation (NASDAQ: BSDM) (“Company” or “BSD”) today reported that Terumo Europe NV (Terumo), a wholly owned subsidiary of Terumo Corporation, has already introduced the MicroThermX Microwave Ablation System (MicroThermX) into the major markets in Europe, including Germany, France and Spain.

Terumo has performed numerous clinical procedures throughout Europe, which has led to enhanced clinical acceptance and greater market penetration. The market potential in the 100 countries included in the Terumo contract is in excess of $1 billion in annual sales. As a result of the increased clinical acceptance, Terumo continues to increase their purchases of MicroThermX generators and antennas.

“Terumo has made a substantial investment in commercialization of the MicroThermX, and their market penetration has already exceeded our expectations. There is a critical need for innovative, cost-effective cancer treatment technologies throughout the world due to the increasing cost of health care,” said Sam Maravich, Vice President of Sales and Marketing for BSD. “The MicroThermX system is innovative and cost-effective. Our technology allows the clinician to treat multiple types and sizes of tumors with one minimally invasive system, which significantly reduces procedure cost and complexity. The healthcare systems in the majority of European countries are structured to facilitate fast adoption of minimally invasive, efficacious, cost-effective, advanced technology like the MicroThermX.”

About the MicroThermX Microwave Ablation System

The MicroThermX is a compact, mobile, state-of-the-art, proprietary system that includes a microwave generator, single-patient-use disposable antennas, and a thermistor-based temperature monitoring system. The innovative design of the MicroThermX is the first of its kind that allows delivery of higher power levels using a single generator. The MicroThermX utilizes innovative synchronous phased array technology that was developed and patented by BSD to provide a wide range of uniform zones of ablation. The MicroThermX includes innovative, high-end disposables (SynchroWave antennas) that are used in each ablation treatment and will provide a significant ongoing revenue stream. The soft tissue (tumor) ablation world market potential is estimated to exceed $2.3 billion. The U.S. Food and Drug Administration (FDA) has granted the Company a 510(k) clearance to market the MicroThermX for ablation of soft tissue. BSD has also received CE Marking for the MicroThermX System, which allows BSD to market the MicroThermX in Europe. CE Marking is also recognized in many countries outside of the EU, providing BSD the ability to market the MicroThermX to a number of international markets.