Israel-Medical-Healthcare

[genisi]

They finally had their first order of €400,000. They will need to get to €10M to justify the current value.

http://www.globes.co.il/serveen/globes/docview.asp?did=1000212048&fid=942

LifeWave gets first order in Germany
LifeWave’s German distributor has promised to buy €19.5 million worth of its bed sore treatment device over four years.
Gali Weinreb 15 May 07 16:28
LifeWave Hi-Tech Medical Devices Ltd. (TASE:LIFE) today announced that the German distributor of its bed sore treatment (BST) device has placed a €400,000 order for the product after the satisfactory completion of the trial period stipulated in the contract between the companies.

Under the MOU, LifeWave’s German distributor has an exclusive license to market BST in Germany, and promised to buy €19.5 million worth of the devices over four years.

The order is important for LifeWave beyond the actual amount involved, because it is tantamount to confirmation of BST’s effectiveness. Although the company has obtained CE Mark certification, this applies only to product safety, not its effectiveness.