10/17/14 -In a press release that was distributed on September 9th 2014 OxySure(R) Systems Inc. (OTCQB: OXYS) announced a $2.46 million dollar distribution contract with Ajad Medical located in Saudi Arabia. Ajad Medical will be the exclusive distributor for OxySure in the kingdom of Saudi Arabia and will be distributing the OxySure Model 615 to numerous vertical markets. This is the fourth overseas contract OxySure has announced recently and the value of the four contracts combined exceeds $5.4 million dollars. Management indicates that other similar deals are in advanced discussions and with no direct competition, OxySure is sure to reach new heights.
OxySure has developed a platform technology that creates medical oxygen from two dry, inert powders. The OxySure Model 615 uses this simple and safe technology and is FDA approved for over the counter sale (no prescription required) and is CE Marking approved for Europe. OXYS is the only company in the world that has this technology, and with OxySure’s growing list of global distribution partners they are well positioned to become a significant medical device player. Currently the company has over 40 distributors in the US, and their flagship product has been instrumental in saving thousands of lives.
OxySure has developed a “cookie cutter” model for entering overseas markets. For each and every new country that the company enters into, they identify the strongest distribution partner. Then, they negotiate a limited exclusivity in exchange for a minimum sales commitment for two or three years. That model is expected to produce a significant number of multimillion dollar contracts and excellent visibility on sales and the “sales funnel” over the next several years.
Additionally, Aero Healthcare located in UK/Australia completed a $950K contract with OxySure in March 2013 to bring the first such agreement under the company’s belt. In May 2013, two months later, OxySure completed another contract worth $470K with a company named Medizon located in the Netherlands. Also, in December 2013 the company signed a deal with Pacific Medical in Hong Kong for a contract value of $1.6 million.
The recent $2.46 million contract with Ajad Medical requires a minimum purchase of 18,000 portable emergency oxygen units (Model 615) and replacement cartridges over a three year period to maintain exclusivity.
About OxySure Systems, Inc.
OxySure Systems, Inc. (OXYS) is a medical technology company that focuses on the design, manufacture and distribution of specialty respiratory and medical solutions. The company pioneered a safe and easy to use solution to produce medically pure (USP) oxygen from inert powders. The company owns numerous issued patents and patents pending on this technology which makes the provision of emergency oxygen safer, more accessible and easier to use than traditional oxygen provision systems. OxySure’s products improve access to emergency oxygen that affects the survival, recovery and safety of individuals in several areas of need: (1) Public and private places and settings where medical emergencies can occur; (2) Individuals at risk for cardiac, respiratory or general medical distress needing immediate help prior to emergency medical care arrival; and (3) Those requiring immediate protection and escape from exposure situations or oxygen-deficient situations in industrial, mining, military, or other “Immediately Dangerous to Life or Health” (IDLH) environments. www.OxySure.com
Help employers find you! Check out all the jobs and post your resume.
