Nano Mask inks ME distribution deal
New York, August 27, 2011
Nano Mask, a US healthcare product development and distribution company, said it has entered into an agreement with a Saudi-based medical products distributor to market its NMI's product line in the region.
Nano Mask, which is headquartered in New York, is focused on emergency and critical care as well as infection control markets.
As per the deal, the NMI product line will be introduced on an exclusive basis in Saudi Arabia, UAE, Kuwait, Egypt, Morocco, Oman, Algeria, Qatar, Jordan, Bahrain, Sudan, Yemen, Lebanon, Yemen and Tunisia.
In exchange for four years of exclusive rights to distribute NMI's product line in the territory, the Saudi Arabian medical products distributor, having already delivered to date over $90,000.00 in orders, has agreed to order a minimum of $ 2,300,000 over the next four years.
The products that will be marketed and sold in the territory are NMI's emergency life support and respiratory products (utilizing the company's industry leading patented 2H Filtration Technology), antimicrobial hospital barrier products and NMI's proprietary line of bacteria free enzymatic medical detergents specially formulated for instrument reprocessing.
'This agreement, which covers 15 countries in the Middle East, represents the first of what we hope will be many international distribution agreements for our products,' said Eddie Suydam, president and CEO, NMI.
'We are currently in negotiations with other medical products distributors, both domestic and international, to sell our products and expect that we will begin to see some meaningful sales from our marketing efforts in the near future,' Suydam added.-TradeArabia News Service