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USCOM Ltd Completes Pulsecor Asset Purchase and Acquires New BP+ Central Blood Pressure Device

Monday, 17 Jun 2013 08:02pm EDT 

USCOM Ltd announced completion of the purchase of all assets of Pulsecor Limited in exchange for five million fully paid ordinary shares of Uscom Limited (UCM). Pulsecor Limited was valued at approximately NZD2.9million at its last capital raising in May 2011 prior to regulatory approvals, and is Uscom’s first international corporate acquisition. Pulsecor’s BP+ product, currently being sold internationally, has US Food and Drug Administration (FDA) 510k, European CE mark and Australian Therapeutic Goods Administration (TGA) approval. Distribution of the BP+ device will be through Uscom’s growing global distribution network plus a network of new distribution partners. 

Company Quote

15 Dec 2014