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LifeWatch AG announces exclusive strategic partnership with China Telecom

Wednesday, 22 Jan 2014 01:01am EST 

LifeWatch AG:Announces that its Israeli subsidiary, LifeWatch Technologies Ltd and China Telecom entered into a binding memorandum of understanding for a strategic partnership with respect to the health smartphone LifeWatch V and subsequent generations thereof.Says memorandum provides for a minimum purchase volume over the next five years.Says in return China Telecom is granted exclusivity for the territory of China.Says the potential value of the agreement is more than $ 400 million. 

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