Inspiration Healthcare Group PLC GBP1.25m Ventilator Order received from China (7508Y)

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RNS Number : 7508Y

Inspiration Healthcare Group PLC

17 May 2021

Inspiration Healthcare Group plc

("Inspiration Healthcare", the "Company" or the "Group")

GBP1.25m Ventilator Order received from China

Inspiration Healthcare Group plc (AIM: IHC), the global medical technology company, is pleased to announce that its wholly owned subsidiary SLE Ltd, which was acquired in July 2020, has received an order worth over GBP1.25 million to supply ventilators to China which have been sold through its Chinese distributor and which are to be delivered within the next three months.

This new order follows on from the regulatory approval received from the Chinese National Medical Products Administration (NMPA) announced on 21 April 2021 for SLE's top of the range SLE6000 model and is in addition to the order announced at that time, whose value totalled approximately GBP250,000.

Neil Campbell, Chief Executive Officer, commented:

"We are delighted to be making such strong progress in China within such a short space of time since receiving regulatory approval and this new order certainly helps to strengthen the outlook for the Group going forward. As I have stated previously, China represents a significant growth opportunity and, whilst this order does not change our expected outcome for the year, it is another boost to our confidence as we continue to develop Inspiration Healthcare's position in this important market."

Enquiries:

 
 Inspiration Healthcare Group plc          Tel: [phone] 
  Neil Campbell, Chief Executive Officer 
  Jon Ballard, Chief Financial Officer 
 Nominated Adviser & Broker                Tel: [phone] 
  Cenkos Securities plc 
  Mark Connelly 
  Stephen Keys 
                                          ------------------- 
 Cadogan PR                                Tel: [phone] 
  Alex Walters 
  [e-mail] 
                                          ------------------- 
 

About Inspiration Healthcare Group

www.inspirationhealthcaregroup.plc.uk

Inspiration Healthcare (AIM: IHC) is a global provider of medical technology for use in critical care & operating theatres. The Company provides high-quality, innovative products to patients around the world which help to improve patient outcomes, and it actively invests in innovative product opportunities and disruptive technologies.

The Group currently consists of three companies: Inspiration Healthcare Ltd, SLE Ltd and Viomedex Ltd and under these brands the Group sells neonatal intensive care and operating theatre equipment around the work through a network of distributors into over 75 countries. Products range from highly sophisticated capital equipment through to single use disposables all that can help improve outcomes of extremely sick patients.

In the UK and Ireland the Group offers direct sales for most of its products supported by Technical Service offering on site and return to base repair and maintenance along with 24/7 emergency hire of equipment and long term lease arrangements for its own brand products. The Group also acts as a distributor for 3(rd) party companies that wish to access the NHS using the Group's sales and service expertise and knowledge of the NHS

The Group invests in growth through Research and Development holding numerous patents on its technology and has strong links with academic Key Opinion Leaders around the world and supports clinical research in the field of neonatal intensive care.

Further information on Inspiration Healthcare Group plc can be seen at www.inspirationhealthcaregroup.plc.uk

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May 17, 2021 02:00 ET (06:00 GMT)