Posted: March 22, 2016
Take it from Exciton Technologies founder and President Rod Precht.
Success, he would suggest, does not happen overnight.
In Exciton Technologies case, the silver wound-care dressing manufacturer based in Edmonton, Alberta, Canada, success has been some 10 years in the making.
The long-time TEC Edmonton client and TEC Centre tenant has inked a pivotal expansion of its license agreement with the United Kingdom’s fastest-growing wound care company, Crawford Healthcare Ltd.
Thanks to “a dramatic market response to the use of Exciton’s patented technology,” Crawford will now distribute and market a range of Exciton products globally. Commenting on the deal, Crawford’s Healthcare CEO, Richard Anderson said, “We now have an unrivalled antimicrobial platform to tackle the issue of secondary infections faced by clinicians the world over.”
Precht had long challenged the wound-care industry to take a closer look at silver for the treatment of serious wounds such as burns and chronic ulcers, but, until recently, he’d been a voice in the wilderness. Exciton uses its patented Silver Oxyalts as the base for its wound-care products. But sales have steadily grown, and with the Crawford partnership, says Precht, “our next generation of wound-care products can become the standard of care.”
As a long-time business advisory service to Exciton, not to mention its landlord at the TEC Centre in Edmonton, TEC Edmonton is tickled pink to see Exciton land such a promising distribution deal.
“We measure our success by how well our clients are doing. Exciton has always been one of our success stories,” said TEC Edmonto CEO Chris Lumb. “Their people exemplify the best qualities of Edmonton-based innovation and entrepreneurship. We’re excited to support their continued growth as they prepare to expand their manufacturing facilities.”