Aircraft Medical announces Australasian deal with major supplier Medtel (Press Release)
Posted on Fri 2nd May 2008
EDINBURGH, May 2, 2008 - Aircraft Medical (the “Company”), the UK medical devices company, which specialises in hand held medical devices, is pleased to announce it has signed its first distribution agreement in the Asian Pacific region and is expected to generate in excess of AU$3.1 million (£1.5m). This 5-year deal provides the Company’s partners with exclusive distribution rights in Australia and New Zealand for the McGrath® Series 5 Laryngoscope (the “McGRATH®”), the world’s first fully portable video laryngoscope.
Part of Getz Bros & Co, Medtel were established in 1965 and are Australasia's foremost supplier of high technology products to the medical industry. The deal enables Aircraft Medical to support the increasing number of customers from Australia and New Zealand who have expressed an interest in the McGRATH® Series 5 Laryngoscope.
The deal has been signed in time for the ANZCA conference in Sydney this week. The Australia and New Zealand College of Anaesthetists (ANZCA) is holding their annual conference between 3rd – 7th May, and Medtel will be showcasing the McGRATH® Series 5 at this conference.
With this distribution agreement, the Asia Pacific region joins America, France, Benelux, Scandinavia and Italy as key markets for Aircraft Medical. In terms of sales, the McGRATH® Series 5 continues to gain traction in all its core markets.
Matt McGrath, CEO of Aircraft Medical commented:
“I am excited to have secured this deal in what is a new market for us. It is great news for Aircraft Medical and I believe that this positions us well for further expansion in the area. Medtel have impressed us with their depth of experience in the Australasian medical technology market, and we are pleased with the resource now being allocated to our technology”
Eddy Stanley, General Manager of Medtel said:
“We are really pleased to be bringing the Series 5 to the Australasian market and to be working with such an exciting company. This deal expands our product range and the timing is excellent to allow us to launch at our major national meeting.”