OxySure Systems (OTCQB:OXYS +2.7%) signs a distribution agreement with Ajad Medical for the territory of Saudi Arabia. The contract specifies a minimum purchase of 18,000 Model 615s (portable emergency oxygen system) over a three-year term in order to maintain exclusivity. The contract does not specify a minimum commitment, however.
If Ajad Medical purchases 18,000 Model 615s, the value to OxySure would be almost $2.5M.
OxySure Systems, Inc. is a medical technology company that focuses on the design, manufacture and distribution of specialty medical and respiratory solutions. The company pioneered the "oxygen from powder" technology: a safe and easy to use solution to produce medically pure (USP) oxygen from...More