Cellnovo Wins BIOVISION Investor Conference Award

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SWANSEA, UK, June 11, 2014 (GLOBE NEWSWIRE) -- Cellnovo, the leading innovator in mobile diabetes management, announced today that the Company has received the BIOVISION Investment Conference 2014 Award in the medical technology category. The award was presented June 6 at the BIOVISION Investor Conference in Lyon, France.

Introduced in 2013, this conference is a high-level investor event that connects industrial partners and financial investors with the best medical technology, biotechnology, and e-health start-up and mid-size companies. The most promising companies in each category are awarded based upon key criteria such as societal benefit, market attractiveness, innovative approach, competitive position, team structure and attractiveness for investment.

The Cellnovo system is an innovative mobile diabetes management solution that includes a wireless micro-pump (patch-pump), built-in activity tracker and a cellular enabled touchscreen handset with an integrated blood glucose meter. The proprietary software provides intuitive operation plus connectivity to the cloud for real-time tracking, and the online data management system displays real-time clinical information to healthcare professionals. It is the first system of its kind that allows people with diabetes to enjoy a full lifestyle while closely monitoring blood glucose levels, insulin use, activity and diet.

"We are delighted that BIOVISION has recognized the innovation and business attractiveness of the Cellnovo insulin patch pump and mobile diabetes system," said Eric Beard, executive chairman. "The design and thoughtful integration of our system offers the potential to restore ease of use to people with diabetes by providing freedom from the burdensome procedures of traditional diabetes management."

Cellnovo also received the MediWales Industry Innovation Award in December, 2013. For more information, visit www.cellnovo.com.

About Cellnovo

Cellnovo, a UK-based medical device company, is a leading innovator in mobile diabetes management technology. The Company's proprietary diabetes management system comprises a wireless connected patch pump, mobile touchscreen handset/controller with an integrated blood glucose meter and applications. This system provides intuitive operation, wireless Internet connectivity and real-time tracking, all industry firsts which represent a revolution for insulin pump technology. For further information, please visit www.cellnovo.com.

CONTACT: Europe: Eric Beard Executive Chairman +44 7891 822059 eric.beard@cellnovo.com United States: Steve Bubrick Vice President Global Marketing & Business Development (925) 354-5574 steve.bubrick@cellnovo.com

Source: Cellnovo