Below image shows LDX's previous announcement regarding the partnership with BDI. An initial feasibility project signed in July last year and valued at US $200K.
Second image below shows today's announcement....... a continuation of the initial agreement which was signed about 12 months ago.
Today's contract extension announcement is worth about 5 times the initial contract in monetary value (US $ 1 million), and highlights LDX's ability to successfully complete contract terms/conditions and then secure larger contracts with the same client.
This latest announcement is worth much more than the apparent monetary value at hand. This announcement reinforces LDX's status, skill and ability as a successful leader in the development of rapid point-of-care diagnostic technologies, in addition to LDX being a manufacturer and wholesaler of med-tech devices.
Many more positive announcements are on the horizon IMO.
LDX Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
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