SEATTLE, Aug. 15, 2017 /PRNewswire/ -- MDCorp ($MDCX) has executed a non-exclusive distribution agreement with Smart Medical Systems (Ra'anana, Israel) allowing MDCorp to sell Smart Medical's G-EYE® system and NaviAid™ products to its customer-base throughout six core markets in Europe.
Neuraxon, MDCorp's designated distribution affiliate in Europe, will assume responsibility for distributing Smart Medical's products, focusing on their network of 92 hospitals.
Mr. Pantelis Stanitsas, CEO of Neuraxon stated: "This kind of product distribution win is what we have expected from our M&A partner MDCorp. This cooperation with Smart Medical Systems serves to align Neuraxon and MDCorp further. The G-EYE® system should be sold to our base of 92 hospitals covering an addressable market of 100 million people in six countries. Endoscope related sales in our markets total $450 million USD annually, and we are particularly enthusiastic about deployment of this new, world class, patented, life-saving technology."
Onsite product training is set to begin in September/October this year, in Israel.
Mr. Gilad Luria, VP of R&D and PM at Smart Medical Systems added: "Smart Medical Systems is welcoming this partnership with yet another leading distributor of its technology for enhanced polyp detection and prevention of colon cancer. As a non-exclusive distribution partner in Europe, MDCorp provides our products with direct access to about 100 hospitals across six countries, enhancing the G-EYE® system's deployment and market presence."
MDCorp seeks to expand into current and new markets, open new branch offices and expand sales, layering more products and services through existing and then new sales channels.[email protected] [email protected]
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