{"id":2529,"date":"2015-09-14T08:42:23","date_gmt":"2015-09-14T08:42:23","guid":{"rendered":"http:\/\/www.compumedics.com.au\/?p=2529"},"modified":"2016-11-22T08:42:53","modified_gmt":"2016-11-22T08:42:53","slug":"2-million-neuroscan-brain-research-neurology-distribution-agreement-in-korea","status":"publish","type":"post","link":"https:\/\/www.compumedics.com.au\/en\/blog\/2-million-neuroscan-brain-research-neurology-distribution-agreement-in-korea\/","title":{"rendered":"$2 MILLION NEUROSCAN BRAIN RESEARCH &#038; NEUROLOGY DISTRIBUTION AGREEMENT IN KOREA"},"content":{"rendered":"<div class=\"content-page-text\">\n<ul>\n<li><strong>Compumedics signs new AUD 2.0 million (USD 1.4 million) South Korean distribution contract for its Neuroscan brain research and neurology monitoring<\/strong><\/li>\n<li><strong>10% growth locked in per annum, over the three-year contract period<\/strong><\/li>\n<li><strong>Re-enforces Compumedics strategy to expand its core business in major global medical device markets.<\/strong><\/li>\n<li><strong>Compumedics Neuroscan brain research business includes the world\u2019s leading brain source localisation software \u2013 CURRY\u00ae<\/strong><\/li>\n<\/ul>\n<p><strong>Compumedics Limited (ASX: CMP)<\/strong> (\u201c<strong>Compumedics<\/strong>\u201d and \u201c<strong>Company<\/strong>\u201d) is pleased to announce that it has secured a new three-year contract, for the distribution of Compumedics\u2019 Neuroscan Brain Research and neurology systems in South Korea with the Company\u2019s long-term distribution partner, <strong>Kwangwon<\/strong>.<\/p>\n<p>This contract builds Company\u2019s already established relationship with Kwangwon in Korea.<\/p>\n<p>The deal also provides scope for the Company to expand and introduce its eHealthMedics professional Cloud-based sleep diagnostic services model into the Korean market.<\/p>\n<p><strong>In commenting on the new agreement, Dr David Burton, Chairman and CEO of Compumedics, said:<\/strong><\/p>\n<p>\u201cCompumedics has spent more than a decade, with many of our Asian distributors, building a foundation for future growth in one of the world\u2019s most challenging but highest growth regions.<\/p>\n<p>\u201cCompumedics is now the number one premium supplier of sleep diagnostic and neurological research systems in China and has been the preeminent supplier of brain research equipment into Korea over the same time period.<\/p>\n<p>\u201cAs a result, Compumedics is well positioned to capture growth not only in brain research across Asia, but also in sleep diagnostics and in neurological monitoring, a relatively new and untapped market for the Company in Asia.<\/p>\n<p>\u201cCompumedics has built a very strong installed base for it brain research systems in China with some 650 sites and more to come.<\/p>\n<p>\u201cThis renewed contract in Korea will complement our growth in the region as Asia tackles finding new ways to identify and treat neurological disorders with the same intently as the US and Europe.\u201d<\/p>\n<p><strong>About Compumedics Limited<\/strong><\/p>\n<p>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.<\/p>\n<p>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\u2019s exporter of the year and has been recognised as a Top 100 Innovatorby the both German and Australian Governments.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Compumedics signs new AUD 2.0 million (USD 1.4 million) South Korean distribution contract for its Neuroscan brain research and neurology monitoring 10% growth locked in per annum, over the three-year contract period Re-enforces Compumedics strategy to expand its core business [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[98],"tags":[],"class_list":["post-2529","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.compumedics.com.au\/en\/wp-json\/wp\/v2\/posts\/2529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.compumedics.com.au\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.compumedics.com.au\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.compumedics.com.au\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.compumedics.com.au\/en\/wp-json\/wp\/v2\/comments?post=2529"}],"version-history":[{"count":0,"href":"https:\/\/www.compumedics.com.au\/en\/wp-json\/wp\/v2\/posts\/2529\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.compumedics.com.au\/en\/wp-json\/wp\/v2\/media?parent=2529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.compumedics.com.au\/en\/wp-json\/wp\/v2\/categories?post=2529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.compumedics.com.au\/en\/wp-json\/wp\/v2\/tags?post=2529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}