Kris Buchanan 0:03
I'm Kris Buchanan, CEO and co founder of RedDrop Dx. I'd like to thank Scott and the LSI team for allowing us to present our breakthrough company today. At this year's meeting, red drop dx is changing the world of blood collection for testing. Does anyone still remember COVID? I know I do. I remember my testing myself several times just to make sure. I remember being surprised at how we all learn just to swab our noses and collect samples and do tests. In the comfort of our kitchens. We learned how easy and convenient and safe it could be to collect samples and test ourselves. However, what about blood. At red drop dx, we believe that the world needs a better blood collection system for testing. Today, there is no good solution for phlebotomy free blood collection for testing. Until now, introducing red drop one, the world's first easy to use friendly, safe, user centric, designed and reliable way to collect a virtually pain free blood sample. And at the lowest cost possible. The process is very easy to do. The first step is you take our enclosed heat pack actuate the heat pack, place it on your shoulder. And the next step you clean off your shoulder with the enclosed towelette. And then you take your red drop device, place it on your arm, click the actuator. And in just a few minutes, you're actually in 20 seconds, you'll see your first drop of blood. And after about two minutes, you'll see you'll see that your your total tube is full. So what do people tell us our customers tell us about our product. They say we are making the exact product that they want. That red.dx solution solves all of their problems. It truly is easy to use. Most people say something like that's it, I'm finished. On average, we collect more blood than other capillary devices. Our pain is the lowest in the industry. And red drop leads the industry and reliability. And we have a simple, elegant low cost design. So what did we design, we designed the simplest way to collect a virtually pain free blood sample for testing. Our ergonomic features make it easy for any user to use. Our pain levels are so low that we even designed an actuation complete button that pops up when you actuate it with one finger. And that lets the user know that the test sample is on the way. All this and we designed the internal features to achieve industry leading performance in all categories. So a lot of people ask us who are our customers. As you can see, a lot of blood testing is moving to capillary blood samples for cost, convenience and low pain. Many people believe that nearly all blood testing can be moved to capillary samples. And that process has started. We believe that red drop one, our first product can lead the way in this transition. There's a lot of technology on our first product red drop one for instance, the the disappearing evidence that you've ever used red drop one. After three days, you can barely see any marks on your arm and it's completely gone after five days. No more unsightly marks or scarring just for a simple blood test. And we have a lot of IP in our product that we can leverage going forward. Red drop dx is moving fast. We are a Multi Product global company. In fact, we are achieving our 510 K clearance this quarter and scaling up production while achieving further regulatory milestones and market expansion. These clearances open the door for us to be the universal partner for blood collection for testing. We have many different partners at Red drop, and we're always looking for more or there are many ways that red drop can partner. We're currently raising $5 million in a Series A round. And if you are interested in in partnering with us, please contact me. In summary RedDrop DX is an amazing company red dropped one is our exciting first product. Thank you very much for your time and attention.
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