Flying Brands Ld (LON:FBDU) said its subsidiary, StoneChecker Software, has signed an exclusive marketing and distributor arrangement with Korea Computer Motion ISG.
The medical services and software company said the agreement is for sales and distribution of the StoneChecker kidney stone analysis software in South Korea.
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Nick Stevens, the chief executive officer of StoneChecker, said the distribution agreement would support the expansion of StoneChecker in the rapidly growing and important South Korean medical imaging market.
“We are confident that by working with an experienced team led by the CEO Jacob Woo, who has a great understanding of the market and customer base, we stand to increase StoneChecker's revenue potential, market reach and meet our customers' needs," Stevens said.
WATCH: StoneChecker secures first major marketing and distribution contract
Woo said the StoneChecker software addresses a big gap in the urology-radiology market.
“StoneChecker is already attracting a lot of interest amongst the top university hospitals around the world and in South Korea (potential-customers). I anticipate a very successful business relationship and rapidly increasing StoneChecker software sales. Our team has a first-class reputation amongst radiologists and clinicians in the region, and offers unrivalled in-depth market-access and know-how in South Korea," Woo said.