TSO3 to file additional data requested by the US Regulatory Agency

Ticker Symbol: TOS/TSX 
Shares Outstanding: 58,785,682

QUEBEC CITY, March 12, 2012 /CNW Telbec/ - TSO₃ Inc. ("TSO₃") (TSX: TOS), an innovator in sterilization technology for medical devices in healthcare settings, today announced that it will provide  additional data to the US Regulatory Agency in support of obtaining 510(k) clearance for its new sterilizer in the US market. The Company had previously responded to questions from the Agency and some of the answers now require additional clarification.  The Company will resubmit with the required information as promptly as the new data is available.

"The Agency is seeking additional data to support our superior claims, which will require some more time to collect", stated R.M. (Ric) Rumble, President and CEO of TSO₃. "This is a dynamic situation; we had recently responded to questions on the open files and were preparing to address a last data point which had been requested, when we learned that additional clarification to a limited number of questions would be coming", explained Mr. Rumble. "We believe this to be a timing issue and not one that concerns the inherent science of our technology, however it causes us to resubmit our file when the new data is ready and respond with the full data set requested by the Agency. Based on the performance of the product and all other data available to the Company, we remain extremely confident in our ability to meet the regulatory agency's requirements. As soon as we are able to provide accurate timing on refilling, we will disclose further information", concluded Mr. Rumble.

TSO₃ will be holding its fourth quarter and full year conference call on Wednesday March 14, at which time highlights from fiscal 2011 and recent events will be discussed, including an update on regulatory activities.

About TSO₃

TSO₃, founded in Québec City in 1998, specializes in the research and development of innovative, high-performance medical instrument sterilization technology with high commercial potential.  TSO₃ designs products for sterile processing areas in the hospital environment and offers an advantageous replacement solutions to other low temperature sterilization processes currently used in hospitals.

For more information about TSO₃, visit the Company's Web site at www.tso3.com

The statements in this release and oral statements made by representatives of TSO₃ relating to matters that are not historical facts (including, without limitation, those regarding the timing or outcome of any financing undertaken by TSO₃) are forward-looking statements that involve certain risks, uncertainties and hypotheses, including, but not limited to, general business and economic conditions, the condition of the financial markets, the ability of TSO₃ to obtain financing on favourable terms and other risks and uncertainties.

The TSX has neither approved nor disapproved the information contained herein and accepts no responsibility for it.

Source: 
TSO₃ Inc.

Information:
Caroline Côté
Director - Investor and Business Relations
[phone], Ext. 237
Email: [email protected]