From their April 2016 Dynamic Fund update: One of our new...

From their April 2016 Dynamic Fund update:

One of our new positions is Nanosonics, a company that manufactures and sells
disinfection machines for ultrasound probes. Ultrasound probes are problematic to
clean and sterilise; because they are electrical they cannot handle the high
temperatures sustained in the heat sterilisation process typically used for medical
tools. Prior to Nanosonics’ invention, the best practice for ultrasound disinfection
was wiping the probe with disinfectant wipes or dumping it in a bucket of
disinfectant liquid. Both these methods have quality control issues and, in the case
of the bucket drop, require a lot of protective equipment for the cleaner.
Nanosonics’ disinfection machine is more effective, faster and less costly for
hospitals. Given these advantages, many hospitals around the globe are adopting
their machine, which is driving strong revenue growth for Nanosonics.