I was interested in the following linked award to Nanosonics dated 23/11/15, of a 5 year contract (from 16/11/15 to 15/11/20), worth $104,000 for service maintenance on the 19 trophon units sold by GE to the Naval Medical Center in San Diego - ( https://govtribe.com/person/reynaldo-r-devera-civ-at-mail-mil/activity ).
What piqued my interest in particular was the reminder this snippet of information gave me that most conversations about non-capital revenue streams for Nanosonics are limited to the value of consumables, but service maintenance contracts also seem to provide a very handy, if somewhat overlooked source of revenue for our company.
The particular service maintenance contract with the Naval Medical Center of San Diego seems to be quite lucrative at $104,000 for maintaining 19 trophon units over 5 years. By way of comparison, GE's quoted price (in 2014) to California's Desert Healthcare District for service maintenance on 20 trophon units was $12,900 per annum, or $64,500 over 5 years (see p 74 of the Desert Healthcare District Program Meeting Agenda, 14/10/14, which I have previously linked).
cheers
zeno9
NAN Price at posting:
$1.68 Sentiment: Hold Disclosure: Held
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