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CREMEDICAL CORP

Company Details

Name: CREMEDICAL CORP
Jurisdiction: Rhode Island
Entity type: Foreign Corporation
Status: Activ
Date of Organization in Rhode Island: 24 Jan 2013 (12 years ago)
Identification Number: 000796101
ZIP code: 02818
County: Kent County
Place of Formation: DELAWARE
Purpose: MANUFACTURING AND SALE OF LABORATORY EQUIPMENT
Principal Address: Google Maps Logo 20 WATCH HL, EAST GREENWICH, RI, 02818, USA

Industry & Business Activity

NAICS

334516 Analytical Laboratory Instrument Manufacturing

This U.S. industry comprises establishments primarily engaged in manufacturing instruments and instrumentation systems for laboratory analysis of the chemical or physical composition or concentration of samples of solid, fluid, gaseous, or composite material. Learn more at the U.S. Census Bureau

Agent

Name Role Address
WALTER G. BESIO Agent 20 WATCH HILL DRIVE, EAST GREENWICH, RI, 02818, USA

PRESIDENT

Name Role Address
WALTER BESIO PRESIDENT 20 WATCH HL EAST GREENWICH, RI 02818 USA

SECRETARY

Name Role Address
AIJUN BESIO SECRETARY 20 WATCH HL EAST GREENWICH, RI 02818 USA

Filings

Number Name File Date
202446151690 Annual Report 2024-02-11
202329000550 Annual Report 2023-02-21
202210193570 Annual Report 2022-02-13
202191338850 Annual Report 2021-02-15
202034758960 Annual Report 2020-02-20

USAspending Awards / Financial Assistance

Date:
2021-08-19
Awarding Agency Name:
Department of Health and Human Services
Transaction Description:
EPILEPSY SEIZURE DETECTION WITH INNOVATIVE TRIPOLAR EEG (TEEG) - PROJECT SUMMARY ELECTROENCEPHALOGRAPHY (EEG) IS AN ESSENTIAL COMPONENT IN THE EVALUATION OF EPILEPSY, THE MOST COMMON SERIOUS BRAIN DISORDER WORLDWIDE. MISDIAGNOSIS OF EPILEPSY IS VERY COMMON AND OCCURS IN UP TO 50% OF THE PATIENTS. ARTIFACT CONTAMINATION SERIOUSLY HINDERS THE EFFECTIVENESS OF EEG AND IS A ROOT CAUSE OF MISDIAGNOSIS. CREMEDICAL IS DEVELOPING A TRIPOLAR CONCENTRIC RING ELECTRODE (TCRE) SENSOR AND A T-INTERFACE THAT REGISTERS TRIPOLAR EEG (TEEG) AND EMULATED EEG (EEEG). TEEG RESOLVES THE FUNDAMENTAL DRAWBACKS OF CONVENTIONAL EEG, PROVIDING SIGNIFICANT IMPROVEMENT IN SIGNAL FIDELITY, SPATIAL RESOLUTION, AND REGISTERING OF HIGHER FREQUENCY BRAIN ACTIVITIES, WHERE CONVENTIONAL EEG IS LACKING. THERE IS INCREASING INTEREST IN THE EPILEPSY COMMUNITY IN ANALYZING HIGH-FREQUENCY OSCILLATIONS (HFOS) FOR LOCALIZING EPILEPTOGENIC ZONES. THE OVERALL OBJECTIVE OF THIS SBIR FAST-TRACK PROJECT IS TO COMPLETE THE NECESSARY NON-CLINICAL AND CLINICAL ACTIVITIES IN ORDER TO ENABLE THE TRANSITION OF THE DEVICE FROM LAB TO CLINICAL USE. THIS PROJECT INTEGRATES MULTIDISCIPLINARY EXPERTISE IN TECHNOLOGY, EPILEPSY, NEUROPHYSIOLOGY, AND REGULATORY AFFAIRS. THE PHASE I OBJECTIVE IS TO COMPLETE THE NON-CLINICAL DEVELOPMENT ACTIVITIES NECESSARY FOR COMMERCIALIZATION AND OBTAINING IRB APPROVAL FOR INITIATING A CLINICAL TRIAL IN EPILEPSY. PH I - MILESTONE 1: OBTAIN CLEAR NON-BINDING INDICATION FROM THE FDA THAT OUR PROPOSED CLINICAL TRIAL PROTOCOL IS LIKELY SUFFICIENT TO OBTAIN A 510 (K) REGULATORY CLEARANCE. PH I - MILESTONE 2: OBTAIN IRB CONFIRMATION THAT THE PROPOSED PRE-CLINICAL TESTING AND CLINICAL PROTOCOL ARE APPROPRIATE TO SUPPORT THE NON-SIGNIFICANT RISK (NSR) CLINICAL TRIAL. PH I - MILESTONE 3: DEVELOP HEAD PHANTOM AND COMPUTER SIMULATION TO TEST CONTRIBUTION OF LOCAL REFERENCE. PH I - MILESTONE 4: ESTABLISH DESIGN AND QUALITY SYSTEMS CONTROL PROCESS. PH I - MILESTONE 5: PERFORM DESIGN VERIFICATION AND VALIDATION IN PURSUANT TO REGULATORY AND INDUSTRY STANDARDS. THE PHASE II OBJECTIVE IS TO DEMONSTRATE THE SAFETY AND EFFICACY OF THE TEEG DEVICE IN RECORDING ELECTRICAL BRAIN ACTIVITIES IN PERSONS WITH EPILEPSY IN PREPARATION FOR OBTAINING FDA CLEARANCE. PH II – MILESTONE 1: PROVEN USABILITY. (A) DO EEG TECHNOLOGISTS HAVE PROBLEMS APPLYING AND REMOVING THE TCRES? (B) ARE THE TEEG AND EEEG DATA INTERPRETABLE? (C) CAN TEEG AND EEEG RECORD PATTERNS THAT ARE ALSO VISIBLE WITH CONCURRENT CONVENTIONAL EEG? PH II – MILESTONE 2: SUPERIORITY OF TEEG FOR ARTIFACTS SUPPRESSION. PH II – MILESTONE 3: SUPERIORITY OF TEEG FOR SEIZURE DETECTION. PH II – MILESTONE 4: COMPARISON BETWEEN SIMULTANEOUS INTRACRANIAL RECORDINGS AND TEEG FOR SEIZURE LOCALIZATION.
Obligated Amount:
2490741.00
Face Value Of Loan:
0.00
Total Face Value Of Loan:
0.00
Date:
2021-01-23
Awarding Agency Name:
Small Business Administration
Transaction Description:
TO AID SMALL BUSINESSES IN MAINTAINING WORK FORCE DURING COVID-19 PANDEMIC.
Obligated Amount:
0.00
Face Value Of Loan:
21774.00
Total Face Value Of Loan:
21774.00
Date:
2020-04-27
Awarding Agency Name:
Small Business Administration
Transaction Description:
ECONOMIC INJURY DISASTER GRANT
Obligated Amount:
1000.00
Face Value Of Loan:
0.00
Total Face Value Of Loan:
0.00
Date:
2020-04-13
Awarding Agency Name:
Small Business Administration
Transaction Description:
TO AID SMALL BUSINESSES IN MAINTAINING WORK FORCE DURING COVID-19 PANDEMIC.
Obligated Amount:
0.00
Face Value Of Loan:
21774.00
Total Face Value Of Loan:
21774.00
Date:
2019-05-07
Awarding Agency Name:
Department of Health and Human Services
Transaction Description:
NONINVASIVE FUNCTIONAL CORTICAL MAPPING WITH INNOVATIVE TEEG
Obligated Amount:
150000.00
Face Value Of Loan:
0.00
Total Face Value Of Loan:
0.00

Paycheck Protection Program

Date Approved:
2021-01-20
Loan Status:
Paid in Full
SBA Guaranty Percentage:
100
Initial Approval Amount:
21774
Current Approval Amount:
21774
Race:
Unanswered
Ethnicity:
Unknown/NotStated
Gender:
Male Owned
Veteran:
Unanswered
Forgiveness Amount:
21899.2
Date Approved:
2020-04-12
Loan Status:
Paid in Full
SBA Guaranty Percentage:
100
Initial Approval Amount:
21774
Current Approval Amount:
21774
Race:
Unanswered
Ethnicity:
Unknown/NotStated
Gender:
Male Owned
Veteran:
Unanswered
Forgiveness Amount:
21975.41

Date of last update: 31 May 2025

Sources: Rhode Island Department of State