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Nunawading company forerunner in cancer fight.



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Unit 5, 602 Whitehorse Road, Mitcham VIC 3132 Phone 03 9873 8351 Fax 9873 8356

MEDIA RELEASE - Phil Barresi MP F E D E R A L M E M B E R F O R D E A K I N

Wednesday, 20 July 2005

NUNAWADING COMPANY FORERUNNER IN CANCER FIGHT

A Nunawading company is leading the fight to detect the early signs of Bowel Cancer. Federal Member for Deakin, Phil Barresi MP today announced that Medical Technologies Pty Ltd has been awarded a $64 000 Federal Government Commercialising Emerging Technology (COMET) Grant to develop and market its unique product.

Mr Barresi congratulated the company on its success, saying that the Federal Government is committed to helping businesses such as Medical Technologies take important steps that turn bright ideas into great products.

“Medical Technologies typifies the strong technology base that we have here in the Whitehorse municipality and the wider Deakin electorate. They are a great example of a smart, local company that just needs a leg-up from the Government to bring its clever invention from the drawing board to the wider community” Mr Barresi said.

The company has developed an ‘endoscopic attachment’ which is used for medical ‘vivo imaging’. This product will further enable real-time detection of cell abnormalities during colonoscopy. This procedure is crucial in the early detection of Cancer.

“The Federal Government is committed to fighting Bowel Cancer, and this was demonstrated through its $43.4 million commitment to develop detection initiatives. It is fantastic to see a Deakin company leading the charge to develop early detection technology”

“The COMET Grant to Medical Technologies Pty Ltd builds on other recent major local health initiatives supported by the Federal Government in the Eastern Suburbs. This year we have already seen the allocation of a Medicare-funded MRI machine to Box Hill Hospital, and

the Federal Government Whitehorse Division of General Practice to develop after-hours GP services” Mr Barresi added.

The Federal Government offers a wide range of innovation initiatives, with the new $1 billion Commercial Ready program providing a ‘one-stop-shop’ for business innovation support.

Businesses interested in applying for assistance can visit the AUSINDUSTRY website at www.ausindustry.gov.au or by calling 13 28 46.