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Wednesday, 01/31/2024 12:59:24 AM

Wednesday, January 31, 2024 12:59:24 AM

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Inspira technologies signs strategic agreement to enter gulf states with Glo-Med for deployment of 531 ART devices.

The agreement to potentially provide Inspira Technologies with $32.6 million over a 5-year period, subject to regulatory approvals
This adds up to the company’s net income, which was a loss of around 9 million dollars in 2022.
Under the Agreement, Glo-Med shall be designated as the Company's distributor in Saudi Arabia, United Arab Emirates and Bahrain (the "Territory").
Joe Hayon, Inspira Technologies' Co-Founder and President, stated: "This potential expansion into the Gulf states is pivotal for us as we strive to globally distribute our technology for the betterment of patient care."

Matus Knoblich, CEO of Glo-Med, commented: "This agreement is a significant step for us in broadening our range of innovative products to be offered in the healthcare market through our local network of leading distributors in the Territory."

Glo-Med, known for delivering unique healthcare solutions, collaborates with top medical device and biomedical companies worldwide to meet the growing demand for innovative medical devices and related products in
domestic and international markets.

Along with the largest and most prominent healthcare organizations in New York and Florida as clients, Glo-Med has offices and partner companies in the U.S., Latin America, Europe, the Middle East, and Africa, providing extensive access to the global medical network.

https://finance.yahoo.com/news/inspira-technologies-signs-strategic-agreement-133000477.html
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