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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Healthcare Ent. | LSE:HCEG | London | Ordinary Share | GB00B6030H73 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 20.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:4990P Healthcare Enterprise Group PLC 15 January 2007 15 January 2007 Healthcare Enterprise Group PLC $4.5 million Ebiox Distribution Agreement Healthcare Enterprise Group PLC ("HCEG", AIM: HCEG) announces that its wholly owned subsidiary, Ebiox Limited, has secured an agreement with Sultan Healthcare, Inc ("Sultan") for the exclusive marketing of the Ebiox range of disinfection products to the dental sector in UK, continental Europe, Latin America, South America, Asia and Africa. The agreement which is for an initial term of five years, requires Sultan to purchase a minimum US$4.5 million (#2.33 million) of Ebiox products over that time, including US$625,000 (#325,000) in 2007, US$875,000 (#455,000) in 2008, and US$1 million (#520,000) in each of the following three years. Sultan has agreed to meet these minimum purchase levels as a contractual obligation, subject only to Ebiox's capacity to supply. Sultan is a leading US based international manufacturer of dental and medical products which has three distribution centres; Englewood, New Jersey, USA; Ontario, Canada and Amsterdam, Holland, supporting sales through distribution partners into 70 countries. Distribution partners are supported by territory managers in each market worldwide, giving Sultan wide coverage in all dental markets. Sultan has also been granted a non exclusive right to sell Ebiox into the medical supply market. In addition, as various Ebiox products receive regulatory approval, Sultan will market the products in North America. This will be the subject of a separate agreement with Sultan with additional purchase requirements for the North American market. Lyndon Gaborit, HCEG Executive Deputy Chairman commented: "This is a significant step forward in the profitable expansion of the Ebiox business. Sultan's choice of Ebiox as the best product to satisfy growing demand in the dental sector for a non alcohol based suite of products, not only in the USA but also the rest of the world, is testimony to the product's effectiveness in decontamination and disinfection. We are delighted with this endorsement of the Board's strategy for developing the range." Paul Seid, President of Sultan commented: "We are pleased to have secured exclusivity to market Ebiox disinfection products to our dental and medical customers in these territories. Having analysed the product we are confident about the growth opportunity this represents for Sultan from this exciting development of our portfolio. We believe that the Ebiox technology of non-alcohol disinfection that will remove biofilm and clean to the molecular level is the greatest improvement on disinfection efficiency and efficacy in 25 years. Additionally, the products have superb compatibility with commonly used dental and medical surfaces and materials. The Ebiox technology will certainly add to our leadership position in infection control worldwide." Enquiries: Healthcare Enterprise Group + 44 (0)20 7351 7500 Lyndon Gaborit, Executive Deputy Chairman Sultan Healthcare, Inc Paul Seid, President Email: info@sultanhc.com +1 (201) 871-1232 College Hill +44 (0) 20 7457 2020 Adrian Duffield / Corinna Dorward Notes Healthcare Enterprise Group PLC HCEG is a business engaged in medical product distribution, occupational health, and first aid markets. These businesses underpin a range of innovative medical devices. HCEG is listed on the Alternative Investment Market (AIM) of the London Stock Exchange. Ebiox Patented decontamination and disinfectant products that are safe and alcohol free but substantially more effective than conventional methods at destroying embedded microorganisms. The Ebiox range includes hand hygiene products, surface disinfectants, products to clean and decontaminate surgical instruments, and dental cleaning products. Sultan Healthcare, Inc. Sultan, founded in 1872, is a leading manufacturer and distributor of Dental Materials, Infection Control Products, Preventives and Oral Pharmaceuticals. Sultan's leading brands include GENIE(R) Impression Material, PUREVAC(R) Evacuation System Cleaner, PROSONIC(R) Ultrasonics, COMFIT(R) Face Masks, ASSURE (R) Plus Sterilization Pouches, SENSITEMP(R) Temporary Cement, VERSATEMP(R) Crown and Bridge Material, HYDROCAST(R) Functional Impression Material, TOPEX Topical Anesthetic, TOPEX Fluorides, TOPEX ProphyPaste and UPGRADE(R) Disposable Prophy Angles. Sultan has a robust research and development pipeline of new products such as the current launches of SILGIMIX(R) Alginate Replacement Material, INSTAFRESHTM Hand Sanitizer, PUREVAC HgTM Amalgam Separation System, CLEANLETSTM Ultrasonic Tablets and ZYMEX(R) Super Foaming Enzymatic Spray. This information is provided by RNS The company news service from the London Stock Exchange END MSCOKPKKOBKKNDD
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