Ingen Technologies, Inc. and MMT Inc. to Close Up to $3 Million in Purchase Orders
Published: Jan 10, 2013
RIVERSIDE, CA--(Marketwire - January 10, 2013) - Ingen Technologies, Inc. (PINKSHEETS: IGNT), an emerging medical device manufacturer with patented proprietary medical technology for the growing $55 Billion US home healthcare industry, is pleased to announce that its Quebec-Canada export distributor, MMT Inc., has given Ingen verbal commitments of approximately $3 Million in product purchases.
The company received notification from William Mourad, CEO of MMT Inc., specifying that its export partners have agreed to purchase up to $3 Million of Ingen products, inclusive of the Smart Nasal Cannula and Oxyview Flow Meter. The notification further stated that the purchase orders will be sent later this month.
The company is prepared to immediately ship 140,900 units in value of $1.8 Million. These units include 53,500 Oxyview Flow Meters, and 87,400 Smart Nasal Cannulas.
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Ingen Technologies, Inc.