Key Developments: Nano Mask Inc (NANM.PK)
0.03USD
24 May 2013
$0.00 (+3.33%)
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$0.04
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$0.03
77,000
33,643
$0.06
$0.00
Latest Key Developments (Source: Significant Developments)
Nano Mask Inc Enters Into Five Year $13,000,000 Middle East Distribution Agreement With Tamayz Medical
Nano Mask Inc announced that it has entered into a five year distribution agreement with Tamayz Medical, Inc. a Middle Eastern medical products distributor based in Riyadh, Saudi Arabia . Tamayz has agreed to purchase a minimum of $13,000,000 of various NMI healthcare products fabricated with X-Static antimicrobial yarn over five years in exchange for exclusive distribution rights in the Middle East. The agreement has a five year renewal option. This agreement is separate from a previous distribution agreement with Tamayz which called for the purchase of $ 2,300,000 in NMI products over four years. In total, agreements with the distributor call for the purchase of a minimum of $15,300,000 of NMI products within five years. The agreement calls for NMI to supply to the following products: hospital and surgical scrubs, patient gowns and pajamas, bedding (sheets, pillows, covers and liners), blankets, window and cubicle curtains, as well as X-Static Silver yarn fabric.The territory governed by the agreement includes the following countries: Saudi Arabia, Egypt, Libya, Algeria, Morocco, Jordan, Iraq, Lebanon, Bahrain, Yemen, Kuwait, Oman, Qatar and United Arab Emirates. Full Article
Nano Mask Inc Enters Into Four-Year Distribution Agreement With Saudi Medical Products Distributor
Nano Mask Inc announced that it has entered into a distribution agreement with a Saudi Arabia-based medical products distributor which will represent NMI's product line on an exclusive basis to: The Kingdom of Saudi Arabia, United Arab Emirates, Kuwait, Egypt, Morocco, Oman, Algeria, Qatar, Jordan, Bahrain, Sudan, Yemen Lebanon, Yemen and Tunisia. Full Article
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