22nd Apr 2015 08:56
LONDON (Alliance News) - Rex Bionics PLC said Wednesday that it has signed a distribution deal with Deltason Medical Ltd to act as Rex's representative in Hong Kong for the neuro-rehabilitation clinics and personal use markets.
Deltason will launch Rex Bionic's robotic exoskeleton for wheelchair users at the Hong Kong International Medical Devices and Supplies Fair in May.
"Hong Kong is an important market - both in itself and for the leadership of its leading clinicians and researchers - and Deltason has an excellent reputation for service and innovation, as well as long-standing relationships in the rehabilitation community," said Rex Bionics Chief Executive Crispin Simon in a statement.
The company is in talks with distribution partners in other countries, it said, and is looking to establish coverage in further territories over the next twelve months.
Shares in Rex Bionics are trading up 3.0% at 68.00 pence Wednesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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