Rhinomed (ASX:RNO) Production Capacity Upgrade
Melbourne, Aug 28, 2015 - (ABN Newswire) - Australian respiratory technology company Rhinomed Ltd (ASX:RNO) is pleased to advise it has increased its production line capacity at the ChinaMed production facility.
- Production line capacity increased at ChinaMed facility to 3.9m units pa.
- Capacity increase in response to forecast demand following strong global distribution interest
Rhinomed currently has two over-the-counter products on the market - the sleep/snoring aid Mute and its sports breathing technology, Turbine. The number of 3-pack units able to be produced per annum has been increased to 3.9 million units. This investment has been in response to changes in forecast demand in line with the recent distribution guidance. Further production capacity increases are being scoped in parallel to US and Asian distribution discussions.
Ongoing trade presentations and business development/partnering activities are continuing to receive a strong level of interest and the company expects to announce further details as they materialise.
Rhinomed remains committed to extending the global footprint of its Mute and Turbine brands and remains committed to its strategy of becoming a successful consumer health and medical device company.
About: Rhinomed Ltd
Rhinomed Limited (ASX:RNO) is a medical technology firm that focuses on nasal, respiratory and breathing management technologies. The company is monetising its technology portfolio in the Sport and recreation market, Sleep, Wellbeing and Drug delivery markets.
Rhinomed's technology is designed to radically improve the way you breathe sleep, maintain your health and take medication.
The first product brought to market is the Turbine(TM). A radical nasal technology that improves airflow by an average of 38%, the Turbine(TM) is an internal nasal dilator that has since it's launch in January 2014 in Australia, grown to be widely adopted by leading cyclists and triathletes globally.
Now shipped to over 36 countries and with a growing global distribution base, the Turbine(TM) is providing all those undertaking aerobic activities with an opportunity to breathe better, perform better and get more enjoyment from their sport and exercise.
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- Production line capacity increased at ChinaMed facility to 3.9m units pa.
- Capacity increase in response to forecast demand following strong global distribution interest
Rhinomed currently has two over-the-counter products on the market - the sleep/snoring aid Mute and its sports breathing technology, Turbine. The number of 3-pack units able to be produced per annum has been increased to 3.9 million units. This investment has been in response to changes in forecast demand in line with the recent distribution guidance. Further production capacity increases are being scoped in parallel to US and Asian distribution discussions.
Ongoing trade presentations and business development/partnering activities are continuing to receive a strong level of interest and the company expects to announce further details as they materialise.
Rhinomed remains committed to extending the global footprint of its Mute and Turbine brands and remains committed to its strategy of becoming a successful consumer health and medical device company.
About: Rhinomed Ltd
Rhinomed Limited (ASX:RNO) is a medical technology firm that focuses on nasal, respiratory and breathing management technologies. The company is monetising its technology portfolio in the Sport and recreation market, Sleep, Wellbeing and Drug delivery markets.
Rhinomed's technology is designed to radically improve the way you breathe sleep, maintain your health and take medication.
The first product brought to market is the Turbine(TM). A radical nasal technology that improves airflow by an average of 38%, the Turbine(TM) is an internal nasal dilator that has since it's launch in January 2014 in Australia, grown to be widely adopted by leading cyclists and triathletes globally.
Now shipped to over 36 countries and with a growing global distribution base, the Turbine(TM) is providing all those undertaking aerobic activities with an opportunity to breathe better, perform better and get more enjoyment from their sport and exercise.
Help employers find you! Check out all the jobs and post your resume.