3D Diagnostic Imaging plc Release: Exclusive Distribution Agreement for CarieScan PRO in China
Published: Apr 11, 2011
Wisdom is a wholly owned subsidiary of Beijing Focus. Beijing Focus is one of the top five dental distributors in China and concentrates on high technology imported products from around the world with particular emphasis on surgical treatment. Wisdom has considerable experience of gaining the necessary regulatory approval for the sale of dental and medical products in China. It is currently anticipated that the CarieScan PRO will complete this process later this year and that this agreement will lead to revenue generation for the Company in the fourth quarter of 2011.
The number of practising dentists in China is believed to have increased more than tenfold over the last 25 years to approximately 60,000 and with the continuing development of the Chinese economy this growth is expected to continue.
Commenting, Graham Lay, Chief Executive Officer of 3D said: “I am very pleased that we have signed this agreement as it marks 3D’s first move into the Asian market place and is a significant addition to our existing agreements covering the whole of North America as well as Germany, Austria, Switzerland and the UK in Europe. We continue to work on agreements in other jurisdictions and hope to announce further progress shortly.”
Mr Xuejun Li, the Chairman and one of the principal owners of Beijing Focus said: “Beijing Focus is delighted to expand the product range of its Wisdom International subsidiary with the addition of the CarieScan PRO. The Chinese dental market is expanding rapidly and our dentist customers are looking for innovative technologies to improve the standards of dental care for their patients. We believe accurate detection of initial caries to be a fundamental aspect of preventive dentistry and are confident that the benefits of the CarieScan PRO will be well received by Chinese dental practices and Universities.”