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NIR Diagnostics (NID.V) Signs Regional Agreement With European Medical Device Distributor For Hemonir(TM)



3/17/2008 7:22:08 AM

Yahoo -- CAMPBELLVILLE, ON, March 17 /CNW/ - NIR Diagnostics Inc. (TSX Venture: NID - News), an innovator in the development of handheld healthcare diagnostic devices, announced today that it has signed a regional distribution agreement for its portable CO-oximeter device, HemoNIR(TM), with a European based medical device distributor company. The multi-year agreement stipulates that the Distributor must meet a defined set of sales performance criteria. NIR Diagnostics is currently not disclosing the name of the Distributor pending the completion of negotiations with North American medical device companies also interested in distribution rights to HemoNIR(TM).

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