Item 8.01 Other Information
On September 18, 2008, Pressure BioSciences, Inc. (the "Company") submitted a
purchase order to Source Scientific, LLC, the manufacturer of the Company's PCT
Barocycler instrumentation, for 50 Barocycler NEP2320 units. Pursuant to the
terms of the purchase order, the Company placed a deposit with Source
Scientific, LLC, of approximately $100,000, representing approximately 25% of
the expected total value of the order. The Company will place an additional
deposit of approximately $100,000 with Source Scientific, LLC, upon their
commencement of the manufacture of the units, expected to be early in the fourth
quarter of 2008. The purchase price for the 50 Barocycler NEP2320 units is based
upon a fixed bill of materials. The Company expects that the NEP2320 units will
be completed and ready for sale to its customers during the first quarter of
2009.
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