15th May 2015 07:50
LONDON (Alliance News) - Rex Bionics PLC on Friday said it has signed distribution deals for the Danish, Belgian, Dutch and Luxembourg markets for its REX Robot technology, which is designed to boost the mobility of wheelchair users.
Distribution in Denmark will be handled by Blue-Ocean Robotics, while Ortho-Medico will handle the Benelux region. The commercialisation of the technology in these markets is set to start in the next couple of weeks.
No financial details on the deals were disclosed.
"We are delighted with these new agreements. Our new partners bring expertise in robotics and Neuro-rehabilitation and they will be an integral part of our near-term commercialisation activities and of our long-term strategic development programmes," said Crispin Simon, Rex Bionics' chief executive.
"We are in discussion with distribution partners of a similar quality in other countries and plan to establish coverage in other important markets over the next 24 months," Simon added.
Shares in Rex were untraded Friday, having last traded at 59.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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