Sydney - Tuesday - March 13: (RWE Aust Business News) -...

Sydney - Tuesday - March 13: (RWE Aust Business News) - BrainZ
Instruments (ASX:BZI) has extended its current distribution agreement
with GE Healthcare, covering the distribution of the BrainZ product line
which is focused around the BRM2 neonatal brain monitor.
The agreement has been expanded to include seven new Asian
countries including India and Korea.
BrainZ and GE Healthcare have also agreed to extend the current
agreement for a further 19 months through to October 2008.
"The expansion of the GE agreement into Asian markets will assist
in the further globalisation of the BrainZ technology, thereby improving
the care of newborn babies' brains in more centres
around the world," chief executive Justin Vaughan said.
He said the company indicated in December 2006 that US sales had
under-performed against expectations.
"While the US sales funnel remains significant, and the prospects
bright, conversions from the funnel into sales have been below
expectations during this financial period, and we are working closely
with GE on strategies to improve sales in the US," Dr Vaughan said.