Sphere Medical Holding plc Appointment of Spanish Distributor (8872R)

TIDMSPHR

RNS Number : 8872R

Sphere Medical Holding plc

15 December 2016

15 December 2016

Sphere Medical Holding plc

("Sphere", "Sphere Medical" or the "Company")

Appointment of Spanish Distributor

Sphere Medical Holding plc (AIM: SPHR.L), an innovative point-of-care monitoring and diagnostic devices company, is pleased to announce the appointment of Proyectos Hospitalarios Internacional S.A. ("Prhoinsa") as exclusive distributor of Proxima products in Spain. Prhoinsa is well established in Spain as a distributor of a variety of medical devices, including a number in the critical care arena.

Under the terms of the distribution agreement, Prhoinsa will commence marketing of Proxima in the second quarter of 2017 and has already placed initial orders for Proxima 4 monitors, launched in Europe yesterday, and consumables.

As announced on 21 July 2016, Sphere Medical has already appointed a distributor for Italy and the Company markets Proxima directly in the UK, Germany, Belgium and The Netherlands. The Company will continue to pursue the appointment of further regional distributors for Proxima in other European markets where not yet present.

Wolfgang Rencken, the Company's Chief Executive Officer, commented: "We are very pleased to appoint Prhoinsa as our distributor of Proxima in Spain and we look forward to expanding our geographical coverage further in the coming months, particularly now that Proxima 4 has been launched."

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

- Ends -

For further information, please contact:

 
Sphere Medical Holding                     Tel: [phone] 
 plc                                                        222 
Dr Wolfgang Rencken, Chief 
 Executive Officer 
Richard Wright, Chief 
 Financial Officer 
 
Panmure Gordon                             Tel: [phone] 
                                                           2500 
Freddy Crossley (Corporate 
 Finance) 
Duncan Monteith (Corporate 
 Finance) 
Tom Salvesen (Corporate 
 Broking) 
 
Consilium Strategic                        Tel: [phone] 
 Communications                                            5700 
Mary-Jane Elliott             [e-mail] 
 
Ivar Milligan 
Hendrik Thys 
 
 

Notes for Editors

About Sphere Medical (AIM: SPHR.L)

Sphere Medical is an innovative point-of-care medical device company. Its Proxima platform measures blood gases, electrolytes and metabolites at the patient's bedside and aims to improve patient care and reduce health system costs. The device is currently sold directly to the critical care market via Sphere Medical's sales force in the UK, Germany, The Netherlands and Belgium and will be sold via distributors in Italy and Spain. For further information, please visit www.spheremedical.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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December 15, 2016 02:00 ET (07:00 GMT)