MDM medical monitors limited

oh dear, page-55

  1. 34,500 Posts.
    lightbulb Created with Sketch. 1
    re: usa ecg sales up 100% just out! **** USA ECG Sales Update

    The Directors of Medical Monitors Limited (ASX: MDM) are pleased to advise that

    Primedical International, Plc, (Primedical), the exclusive holder of license and distribution

    rights for Medical Monitors products and service for the USA, has increased its purchase

    order for ECG monitoring units (the suPER) by 100%.

    The initial order of 5,000 units (contracted at USD$35 per unit) has now been increased

    to 10,000 units, which are to be supplied as soon as is possible. Primedical has

    confirmed that its USA monitoring business is ahead of budget and that it has secured

    contracts to supply ECG units to a number of major medical clinics. Medical Monitors will

    have direct benefit from the manufacturing and royalty revenue.

    Medical Monitors’ technology and service model remain superior to the current market

    offerings in transtelephonic (telephone transfer) cardiac monitoring, and the company is

    well placed to take a substantial share of the lucrative US arrhythmia monitoring market

    estimated to be USD$550 million per annum. This technology, which allow doctors to

    remotely monitor the cardiovascular health of their patients, has already been granted

    United States Food and Drug Administration (FDA) notification to enable marketing and

    sales.

    For further information, please contact Dr Allan Shell on (02) 9344 8100.
 
watchlist Created with Sketch. Add MDM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.