{"id":3666,"date":"2017-05-17T17:59:22","date_gmt":"2017-05-17T06:59:22","guid":{"rendered":"http:\/\/www.compumedics.com.au\/?p=3666"},"modified":"2017-05-22T18:01:16","modified_gmt":"2017-05-22T07:01:16","slug":"3-million-in-new-orders-for-china","status":"publish","type":"post","link":"https:\/\/www.compumedics.com.au\/en\/blog\/3-million-in-new-orders-for-china\/","title":{"rendered":"$3 MILLION IN NEW ORDERS FOR CHINA"},"content":{"rendered":"<ul>\n<li><strong>New orders are for both sleep and neuro diagnostic systems<\/strong><\/li>\n<\/ul>\n<ul>\n<li><strong>New purchase orders underpin Compumedics on-going growth in China, now running at an average of 15% pa, for the last five years<\/strong><\/li>\n<\/ul>\n<ul>\n<li><strong>$1M to $2M of the purchase orders will ship by 30 June 2017, as part of current guidance to market<\/strong><\/li>\n<\/ul>\n<ul>\n<li><strong>Compumedics has over 1,700 sleep and neuro diagnostic systems installed in China at 535 hospitals and 333 universities, with seven of the top ten hospitals in China having Compumedics equipment<\/strong><\/li>\n<\/ul>\n<ul>\n<li><strong>Orders include new Grael\u00ae LT and Sleep low cost systems, opening up the smaller and private practice market in China<\/strong><\/li>\n<\/ul>\n<p><strong>Compumedics Limited<\/strong> <strong>(ASX: CMP)<\/strong> <strong>(\u201cCompumedics\u201d <\/strong>or <strong>\u201cCompany\u201d)<\/strong> is pleased to announce that it has received new purchase orders from two of the Company\u2019s long-standing distributors in China, worth approximately $3 million (USD$2.2 million), for both Compumedics\u2019 sleep and neuro diagnostic systems. Between $1 million and $2 million of these orders will be partially shipped by 30 June 2017.<\/p>\n<p>These new purchase orders, together with those received from Compumedics\u2019 Germany based business, DWL, previously announced (<a href=\"http:\/\/www.compumedics.com.au\/asx-announcements\/2-3m-china-sales-commitment-confirms-strength-of-chinese-market-for-ultrasound-business\/\">3 March 2017<\/a>), underpin Compumedics\u2019 average growth rate in China over the last five years at approximately 15% pa.<\/p>\n<p>This re-affirms Compumedics\u2019 dominant position in China, particularly in sleep diagnostics, brain research and DWL\u2018s Trans-cranial Doppler (TCD), with over 2,000 systems installed at more than 600 hospitals and more than 333 universities across China.<\/p>\n<p>Importantly these purchase orders include the company\u2019s new low-cost Grael\u00ae LT and Sleep systems, which will open up the market in smaller hospitals and private practices, across China.<\/p>\n<div id=\"attachment_3637\" style=\"width: 710px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-3637\" class=\"wp-image-3637\" src=\"http:\/\/www.compumedics.com.au\/wp-content\/uploads\/2017\/05\/CMP-Daniel-Andrews-and-D-Burton-160517-1024x768.jpg\" alt=\"\" width=\"700\" height=\"525\" srcset=\"https:\/\/www.compumedics.com.au\/wp-content\/uploads\/2017\/05\/CMP-Daniel-Andrews-and-D-Burton-160517-1024x768.jpg 1024w, https:\/\/www.compumedics.com.au\/wp-content\/uploads\/2017\/05\/CMP-Daniel-Andrews-and-D-Burton-160517-300x225.jpg 300w, https:\/\/www.compumedics.com.au\/wp-content\/uploads\/2017\/05\/CMP-Daniel-Andrews-and-D-Burton-160517-768x576.jpg 768w, https:\/\/www.compumedics.com.au\/wp-content\/uploads\/2017\/05\/CMP-Daniel-Andrews-and-D-Burton-160517-800x600.jpg 800w, https:\/\/www.compumedics.com.au\/wp-content\/uploads\/2017\/05\/CMP-Daniel-Andrews-and-D-Burton-160517-1200x900.jpg 1200w, https:\/\/www.compumedics.com.au\/wp-content\/uploads\/2017\/05\/CMP-Daniel-Andrews-and-D-Burton-160517-400x300.jpg 400w, https:\/\/www.compumedics.com.au\/wp-content\/uploads\/2017\/05\/CMP-Daniel-Andrews-and-D-Burton-160517-889x667.jpg 889w, https:\/\/www.compumedics.com.au\/wp-content\/uploads\/2017\/05\/CMP-Daniel-Andrews-and-D-Burton-160517-1440x1080.jpg 1440w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><p id=\"caption-attachment-3637\" class=\"wp-caption-text\">The Premier of Victoria, The Hon. Daniel Andrews MP and Compumedics CEO\/Chairman, Dr David Burton at China Trade &amp; Investment Round-Table (16 May 2017, China; Shanghai)<\/p><\/div>\n<p>&nbsp;<\/p>\n<div id=\"attachment_3638\" style=\"width: 710px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-3638\" class=\"wp-image-3638\" src=\"http:\/\/www.compumedics.com.au\/wp-content\/uploads\/2017\/05\/CMP-DBurton-with-distributors-CMEF-300x225.png\" alt=\"\" width=\"700\" height=\"525\" srcset=\"https:\/\/www.compumedics.com.au\/wp-content\/uploads\/2017\/05\/CMP-DBurton-with-distributors-CMEF-300x225.png 300w, https:\/\/www.compumedics.com.au\/wp-content\/uploads\/2017\/05\/CMP-DBurton-with-distributors-CMEF-768x576.png 768w, https:\/\/www.compumedics.com.au\/wp-content\/uploads\/2017\/05\/CMP-DBurton-with-distributors-CMEF-1024x768.png 1024w, https:\/\/www.compumedics.com.au\/wp-content\/uploads\/2017\/05\/CMP-DBurton-with-distributors-CMEF-800x600.png 800w, https:\/\/www.compumedics.com.au\/wp-content\/uploads\/2017\/05\/CMP-DBurton-with-distributors-CMEF-1200x900.png 1200w, https:\/\/www.compumedics.com.au\/wp-content\/uploads\/2017\/05\/CMP-DBurton-with-distributors-CMEF-400x300.png 400w, https:\/\/www.compumedics.com.au\/wp-content\/uploads\/2017\/05\/CMP-DBurton-with-distributors-CMEF-889x667.png 889w, https:\/\/www.compumedics.com.au\/wp-content\/uploads\/2017\/05\/CMP-DBurton-with-distributors-CMEF-1440x1080.png 1440w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><p id=\"caption-attachment-3638\" class=\"wp-caption-text\">Dr David Burton, with Compumedics distributors in Shanghai on Tuesday, 16 May 2017, as part of CMEF, China\u2019s largest medical device trade show.<\/p><\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Dr David Burton, Chairman and CEO of Compumedics, said:<\/strong><\/p>\n<p>&#8220;These purchase orders not only generate a minimum of $3 million in new revenue for Compumedics, but confirms China as equally as important a market to the success of the Company as the US.<\/p>\n<p>With more than two decades of experience in China the Company has over recent years enjoyed the benefits of this investment with an average 15% pa growth over the last five years and importantly growth should continue in the double digits over the foreseeable future.<\/p>\n<p>Compumedics systems are installed at seven of the top ten hospitals in China and Compumedics is the vendor of choice at many of the other leading hospitals in China.\u00a0 Compumedics will continue to use its position in China to not only continue to grow these businesses\u2019 but to carve out a market position in neuro diagnostics over the coming years, with about half of the new purchase orders for supply of neuro diagnostic equipment into China.<\/p>\n<p>Compumedics has spent the past two decades with its Chinese partners building a foundation for future growth in one of the world&#8217;s most challenging and highest growth markets.\u00a0 As a result, the Company is well positioned to capture continued growth in sleep diagnostics, as well as expanding further into neurological monitoring, a relatively new and untapped market in China and other parts of Asia.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p><strong>About Compumedics Limited<\/strong><\/p>\n<p><strong>\u00a0<\/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 the Americas, Australia and Asia Pacific, 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.<\/p>\n<p>Compumedics listed on the Australian Securities Exchange in 2000. Over the years, Compumedics has received numerous awards, including Australia\u2019s Exporter of the Year, and has been recognised as a Top 100 Innovator by both German and Australian governments.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>For further information please contact:<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Dr David Burton<br \/>\n<\/strong>Executive Chairman, CEO Executive Director<br \/>\nPhone: + 61 3 8420 7300<br \/>\nFax: +61 3 8420 7399 \u00a0 \u00a0 \u00a0<strong><br \/>\n<\/strong><\/p>\n<p><strong>David Lawson<br \/>\n<\/strong>Chief Financial Officer<br \/>\nPhone: + 61 3 8420 7300<br \/>\nFax: +61 3 8420 7399<\/p>\n<p><strong>Investor Relations, Media &amp; PR enquires:<br \/>\n<\/strong><\/p>\n<p><strong>Rod North<br \/>\n<\/strong>Managing Director<br \/>\nBourse Communications Pty Ltd<br \/>\nPhone: +61 3 9510 8309<br \/>\nMobile: +61 408 670 706<\/p>\n<p><strong>Richard Allen<\/strong><br \/>\nOxygen Financial PR<br \/>\nPh: + 61 3 9915 6341<br \/>\nMob: +61 403 493 049<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New orders are for both sleep and neuro diagnostic systems New purchase orders underpin Compumedics on-going growth in China, now running at an average of 15% pa, for the last five years $1M to $2M of the purchase orders will [&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-3666","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\/3666","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=3666"}],"version-history":[{"count":0,"href":"https:\/\/www.compumedics.com.au\/en\/wp-json\/wp\/v2\/posts\/3666\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.compumedics.com.au\/en\/wp-json\/wp\/v2\/media?parent=3666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.compumedics.com.au\/en\/wp-json\/wp\/v2\/categories?post=3666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.compumedics.com.au\/en\/wp-json\/wp\/v2\/tags?post=3666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}