Question-and-Answer Session
Operator
Thank you, sir. Ladies and gentlemen, we'll now begin the question-and-answer session. (Operator instructions) Our first question comes from the line of Scott Gleason with Stephens. Please go ahead.
Scott Gleason – Stephens, Inc.
Hi, Fred and Kent. How are you guys doing today?
Fred Lampropoulos
Good. Nice to hear from you.
Scott Gleason – Stephens, Inc.
Thanks. Just real quick, you guys had talked on the last call that you were going to maybe provide some details on your secret project on this call that you're working on. Or is it still too early to talk about that?
Fred Lampropoulos
I'll give you a little bit of some information on that. Again it is a product line that we believe has a market opportunity that would approach one of the four categories in terms of opportunity for Merit. As you know for instance with our inflation devices, it's about a $50 million market. I believe that there's about a $30 million Merit opportunity in this product. I visited the site where the product is being manufactured. It has gone through its first run of product. I was satisfied with the processes. There's work to be done in terms of gearing up for production, and we believe that some time probably in the next 30 to 60 days, probably 60 days, we'll be prepared to file a 510K. At that particular point it'll become public knowledge. So we thought there might be a chance that we could talk about it here, but it would not be appropriate to do so. But I think the important thing is the project is on track. It is being given and directed the resources that are necessary to bring it to market. I will tell you this, I’m meeting with physicians as early as this week and working with them on the product, all of them have indicated to me that this product is equal to or better than the market leader. And I think that's a significant point. So that's still a little bit of a teaser. I would love to talk about it. I'm aching to talk about it. But I just need just a little bit more time, and of course we may call a special meeting or discuss this at our shareholders' meeting which comes up at the end of May if by that time we've gone ahead and we've filed a 510K, which time we would do a webcast for the shareholders' meeting or something to that effect. But when it's time to get it out there and when it becomes public knowledge at least in terms of that filing is when we'll go ahead and talk about it.
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