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16

HemCon Medical Technologies Inc.

Medical products

Kenton Gregory
Company Details
Location: Portland, OR
Founders: Kenton Gregory, 52, William P. Wiesmann, 61
Website: www.hemcon.com

Year Started: June 2001
Initial Investment: $8.4K

Turned a Profit: 2005
First Million: 2003

2002 Sales: $300K
2006 Sales: $23.6M

Number of Employees:
Day 1: 2
2006: 86
2007: 105*

* Projected by 2008
Company Background
HemCon Medical Technologies, Inc. began with funding from the U.S. Army and access to research by founders Dr. Kenton Gregory, Dr. Bill Wiesmann, the Oregon Medical Laser Center, and Providence Health Systems. Designed to control life-threatening bleeding, the HemCon Bandage has been used extensively on the battlefield and is credited with helping save more than 100 lives with no adverse events reported. In 2005, the Army Surgeon General mandated that any soldier serving in Iraq or Afghanistan will carry at least one HemCon Bandage, a testament to the efficacy and value of the HemCon military provider of medical technology.
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