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BSP Signs Agreement With CMP Trading for Distribution of HyperQ
(TM) Stress System, for Early Detection of Ischemic Heart Disease,
in South Korea
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CMP Will Purchase at Least 227
HyperQ(TM) Systems During the
Term of the
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Director of Marketing
TEL AVIV, Israel, November
10 /PRNewswire-FirstCall/ -- BSP
(Biological Signal Processing
Ltd.) (http://www.bsp.co.il/), an
Israeli company that develops
and markets innovative systems
for non-invasive diagnosis and
monitoring of Ischemic Heart
Disease (IHD), announced that it
has signed an exclusive
distribution agreement with CMP
Trading Co., Ltd to distribute
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HyperQ(TM) Stress System in South Korea.
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CMP has undertaken to purchase at least 227 HyperQ(TM) systems through the end of
2011. The number of systems may change subject to the date of receipt of regulatory
approval from the Korean Food and Drug Administration, an essential step towards the
marketing and use of the system in Korea. BSP estimates that the price per system to
CMP will vary from about US$ 15,000 to roughly US$ 20,000, dependent on the system
configuration. Accordingly, the total revenues resulting from this agreement are expected
to be a minimum of US$ 3,400,000.
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Mr. Chan Min Park, President of CMP Trading said, "We are extremely encouraged by the
very positive response to the HyperQ technology from medical centers. We believe that
BSP's product can change the way ischemic heart diseases are being diagnosed."
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"This second distribution agreement consolidates BSP's position in the Asia-Pacific
markets. We view Korea as one of the most receptive countries to innovative
technologies," said Dr. Amir Beker, BSP's founder and CEO.
Dr. Beker adds, "We are grateful for the ongoing vote of confidence in our HyperQ
technology by leading physicians in Asia and the United States. We plan to continue with
the installment of our HyperQ system into top medical centers."
This week, BSP is introducing its new version of the HyperQ(TM) System at the 2008
conference of the American Heart Association in
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SOURCE BSP - Biological Signal Processing Ltd
Copyright©2008 PR Newswire.
All rights reserved
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file://T:\Marketing\Publications\BSP in the press\Bio-Medicine\BSP Signs Agreement With... 16-04-09
BSP Signs Agreement With CMP Trading for Distribution of HyperQ(TM) Stress System... Page 2 of 2
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