March 30, 2015

  • Compumedics’ Germany-based business, DWL, has secured a AUD$375K (EUR270K) agreement to supply neurology departments in several key military hospitals in China
  • The deal will supply 30 Doppler Boxes and was won against strong local competition in China

Compumedics Limited (ASX: CMP) (“Compumedics” and “Company”) is pleased to announce that the Company’s German-based, brain blood-flow Doppler-sonography division, Compumedics Germany GmbH (“DWL”), has secured a AUD$375K (EUR270K) deal to supply its Doppler-Box technology to key military hospitals in China.
The agreement will enable DWL to continue to build its reputation and footprint in China, cementing DWL’s position as one of the world’s leading suppliers of brain blood-flow technology.

In commenting on the China contract win, Mr Christoph Witte, Managing Director of DWL, said:

“This contract is an important achievement for DWL and its parent company Compumedics, as it underpins DWL’s superior reputation in this market sector.

“In the past year, DWL’s business in China has grown from EUR1.4 million to EUR1.8 million, an increase of 29%.

“DWL sees other opportunities to extend this window of potential for future business with the country’s military hospitals due to its low cost technology.”

In commenting on Compumedics’ business throughout China, Dr David Burton, Chairman and CEO of the Compumedics Group, said:

“The DWL business continues to expand its presence in global markets and winning this deal provides an excellent opportunity for DWL to continue to build a significant presence in China.

“More importantly, it shows that all parts of the Compumedics Group remain focused on renewing growth, as we continue to strengthen our market and financial position.”

About Compumedics Limited

Compumedics Limited (ASX: CMP) is a medical device company involved in the development, manufacture and commercialisation of diagnostics technology for the sleep, brain and ultrasonic blood-flow monitoring applications. The Company owns US based Neuroscan and Germany based DWL Elektronishe GmbH. In conjunction with these two subsidiaries, Compumedics has a broad international reach, including Americas; Australia and Asia Pacific; and Europe and the Middle East.

Executive Chairman, Dr David Burton, founded Compumedics in 1987. In the same year the Company successfully designed and installed the first Australian, fully computerised Sleep Clinic at Epworth Hospital in Melbourne. Following this early success, Compumedics focused on the development of products that sold into the growing international sleep clinic and home monitoring markets. Compumedics listed on the Australian Securities Exchange in 2000. Over the years, Compumedics has received numerous awards and accolades including Australia’s exporter of the year and has been recognised as a Top 100 Innovatorby the both German and Australian Governments.


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For further information please contact:
Dr David Burton, Executive Chairman, CEO

Compumedics Limited

T: + 61 3 8420 7300, F: +61 3 8420 7399
Mr David Lawson, Executive Director, CFO

Compumedics Limited

T: + 61 3 8420 7300, F: +61 3 8420 7399


For investor relations and media enquiries

Rod North, Managing Director,

Bourse Communications Pty Ltd

T: +61 3 9510 8309, M: 0408 670 706