Meridian CO Ltd (MRDAF)

Description:

Meridian Co Ltd was incorporated in the Republic of Korea on April 19, 1994 for the purpose of developing and manufacturing medical devices, particularly to the integrative medical markets. It is an established leader in the research, development, manufacturing, and marketing of integrative medical devices in the healthcare industry. The Company currently sells four different products to healthcare practitioners throughout the domestic and overseas market. These include DPA (Digital Pulse Analyzer), Lapex-2000, Lapex BCS (Lapex-2000 LipoLaser), and Meridian II. The DPA uses pulse waveform analysis to measure arterial compliance. The pulse wave is the arterial pressure change that originates from the heart and transmits through an artery. The pulse wave is changed by the systolic power of the heart, the vascular condition (the arterial elasticity, resistance, etc.), and the functional status of cardio-vascular circulation. DPA irradiates IR (infrared) through the finger-tip and obtains pulse wave information with the light absorbing characteristics of HbO2 of arterial blood. All measurements, calculations, analysis, and printouts could be performed automatically in less than a minute with a fully non-invasive method. The Lapex-2000 is a semiconductor laser therapeutic device, which applies a laser to the foci of the human body without damaging the skin tissue and, in turn, promotes healing of any damaged skin tissue. The use of laser therapy facilities increases blood flow, vitalization of cells, and increases protein synthesis which could assist in the treatment of soft tissue damage, acute and chronic joint diseases, chronic pain, and improvement of circulation. LAPEX BCS is a modified version of the Lapex-2000 specifically to target the growing obesity market. The LAPEX BCS's non-invasive treatment is considered one of the most innovative methods of body contouring to liquefy adipose tissue under skin layer, and the demand for this type of treatment is expected to grow rapidly, not only in the plastic surgery profession, but in any clinical and aesthetic setting, such as spas and wellness centers, that treat localized body fat deposits which might not have responded to diet and exercise. The Meridian-II is a computer assisted assessment and diagnostic device that establishes a functional testing of organs and tissues by measuring their respective acupuncture points and delivers a complete computer drafted evaluation for analysis. The markets in which the Company competes are intensely competitive and the Company competes and would compete with companies that have greater financial and technical resources.