AUD2.9 million sales deal for Compumedics in China
SYDNEY – The Australian medical device company, Compumedics Limited (ASX: CMP), Compumedics has received an AUD2.9 million sales order in China to be delivered over the next 12 months. This will represent a 15% increase in sales over the prior year.
Comumedics says the new contract re-enforces the company’s strategy to expand its core business in major global medical device markets.
Compumedics is the leading premium supplier in China of sleep diagnostics, neurological research systems and Trans-cranial Doppler (TCD) systems
Compumedics said the new sales order was received through its wholly-owned subsidiary, DWL Elektronische GmbH (DWL), from its long-term distributor in China.
Dr David Burton, Chairman and CEO of Compumedics, said the company has a significant presence in China, having spent almost two decades with its Chinese partners building a foundation for future growth in one of the world’s most challenging but highest growth markets. www.compumedics.com.au