MELBOURNE, FL USA, March 30, 2020 – Airon Corporation, a privately held Florida-based company specializing in high-tech pneumatic life support products, has licensed its pNeuton Model A ventilator design to GE Healthcare, and Ford will provide its manufacturing strength to produce 50,000 ventilators in 100 days, with the ability to produce 30,000 a month thereafter as needed.
The pNeuton Model A-E ventilator, which is powered by Airon’s pneumatic technology, does not require electricity or batteries and provides oxygen with pressure to keep the lungs open and assist breathing for critically ill patients.
“All of us at Airon are honored at the opportunity to unite with Ford and GE Healthcare, to help bring large numbers of ventilators to the front lines to help in the fight against this horrific virus”, said Eric Gjerde, president of Airon Corporation. “We want to thank three organizations that worked side by side with us, around the clock, to make this collaboration effort possible: MedWorld Advisors for their strategic relationships which helped to arrange for this deal to come together in record time; Steven A. Navarro and Dennis C. Gucciardo, with Morgan Lewis law firm, an elite FDA and corporate practice, who crafted the deal; and our corporate lawyer Jim O’Brien with Lowndes, a Florida law firm, for guiding us through the entire process.”
The license agreement will not change Airon’s normal business operations. The company will remain privately held. Airon will continue to fulfill current ventilator and critical care CPAP orders and commitments for all of the markets they serve, including: EMS, in-hospital, ER, trauma, OR, ICU, neonatal, MRI, and transport. In addition, Airon will continue working with distributors worldwide to help meet the demand for life-saving ventilators.
“In the coming weeks, we plan to quadruple production of Airon’s pNeuton Model A ventilator in our Melbourne, Florida facility,” stated Pamela K. Fry, BS, RRT, vice president of Airon Corporation. “Ford will initially send a team to work with us to help boost production in Florida. Our commitment remains strong to support all the brave healthcare workers, and to help with global relief efforts due to this public health emergency.”
ABOUT MedWorld Advisors
MedWorld Advisors is a boutique mergers and acquisitions firm, located in Massachusetts that specializes in helping small to medium size Medical Device, MedTech, Life Sciences, Digital Health and other HealthCare specialty companies to reach their goals. Their global M&A consulting experts create value growth for their mid-market customers and help them take their businesses to the next stage. They have over 50 years of relationships in these markets and a global footprint as a healthcare M&A firm.
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Morgan Lewis is recognized for exceptional client service, legal innovation, and commitment to its communities. Our global depth reaches across North America, Asia, Europe, and the Middle East with the collaboration of more than 2,200 lawyers and specialists who provide elite legal services across industry sectors for multinational corporations to startups around the world. For more information about us, please visit www.morganlewis.com and connect with us on LinkedIn, Twitter, Facebook, Instagram, and WeChat.
Lowndes is a Florida-based law firm with a national footprint, advising clients on almost every aspect of business: from intellectual property to high-stakes, bet-the-company litigation, from
complex commercial and residential real estate transactions to wealth management; from labor and employment law to healthcare; from securities, capital raising and entity formation to corporate growth and expansion locally, nationally and internationally.
ABOUT Airon Corporation
Airon Corporation is a team of healthcare, manufacturing and marketing professionals dedicated to bringing to market high-technology pneumatic life support products for emergency medicine and critical care, throughout the world. Established in 1997, Airon Corporation is a privately held company focused on maximizing their patented oxygen-powered gas control technology. The inherent safety and long-term reliability of this technology make their ventilators and CPAP systems unique in today’s world of electronics. All of their products are proudly made in Melbourne, Florida, USA.
FOR MORE INFO:
Pamela K. Fry, BS, RRT
VP, Airon Corporation