The latest version of its prototype has already been tested by doctors at Vilnius and Kaunas clinics, and an application for the patent of the lung ventilator has been filed after the successful completion of the interim tests.
According to preliminary estimates, we expect to have a production ready device by 2024, as product certification alone takes up to 12 months, according to Tomas Zamaras, product manager at Teltonika Telemedic.
Teltonika started the project in 2020 when the COVID-19 pandemic resulted in a shortage of lung ventilators in hospitals. The company's experts developed the first lung ventilator prototype in a month, and produced 100 of these devices for countries with the greatest demand.
To start the serial production of these devices, Teltonika Telemedic had to obtain certification to make sure that the product meets all the requirements for medical devices.
The total amount of investment is estimated to have exceeded 1.5 million euros, but this amount will grow as the remaining work is carried out. Part of the investment will be covered by a 0.99 million euro grant from Lithuania's Innovation Agency.