Announcement
Integumen PLC : Supply Agreement in Asia
RNS Number : 1060C
Integumen PLC
11 April 2017
Integumen plc
("Integumen")
Integumen signs first supply agreement in Asia
Integumen (LSE: SKIN), the personal health care company developing and commercialising technology and products for the human integumentary system is pleased to announce it has signed a strategic supply agreement for an initial term of three years with Mono Dent in South Korea for its oral hygiene products, which will establish an additional income stream from this new market.
Mono Dent is a leading distributor of oral hygiene products to dental surgeries and dental universities in South Korea. The agreement provides Mono Dent with the exclusive rights to distribute three products under the TSpro brand within South Korea. TSpro is a disposable tongue vacuum cleaner for professional use in the dental surgery, a tongue gel and a handle which turns the tongue vacuum cleaner into a tongue scraper for home-use. All products are marketed under the original brand "TS1".
Opening orders have been received for the TS1 professional product. As part of the exclusive agreement, Mono Dent has committed to a sales and marketing strategy for TS1 to penetrate further the South Korean market. South Korea has approximately 20,000 dental surgeries and is a growing market driven by medical tourism and cosmetic dental surgery.
Declan Service, CEO of Integumen, said:
"We are delighted to have secured our first supply agreement in Asia, and South Korea represents significant potential for future growth. TS1 is already being sold in parts of Europe and the Middle East and this agreement further validates this innovative product and our ability to enter new markets. We are actively seeking to launch TS1 in other markets, as we focus on growing our revenues for our commercialised products."
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Integumen plc |
Declan Service, CEO
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+ 353 (0) 87 770 5506 |
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SPARK Advisory Partners Limited (Nominated Adviser)
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Neil Baldwin/Sean Wyndham-Quin |
+44 (0) 113 370 8974 |
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Turner Pope Investments (TPI) Ltd
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Ben Turner/James Pope
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+44 (0) 20 3621 4120 |
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Cardew Group |
Shan Shan Willenbrock David Roach
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+44 (0) 20 7930 0777 integumen@cardewgroup.com
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