Milestone Scientific Inc (NYSEAMERICAN:MLSS) reported that it has signed three additional distribution agreements in the US and one in Canada for the company’s Wand Single Tooth Anesthesia (STA) System.
With Monday's announcement, Milestone Scientific noted that it has added eight independent North American distributors in less than one month.
“We are encouraged by the growing interest in our dental instrument, as evidenced by the addition of these four premier distributors, each of whom bring extensive existing relationships within the North American dental market,” Arjan Haverhals, CEO of Milestone Scientific subsidiary Wand Dental Inc, said in a statement.
READ: Milestone Scientific, the pressure sensing medtech group, enjoying revenue and cash flow growth
He added: “In less than a month, we have expanded our network to include seven premier independent distributors in the US, plus a new distributor in Canada.”
“As a result, we accomplished our goal of building a robust distribution network covering the entire US and key markets in Canada through our new decentralized sales strategy and we are now accelerating our efforts into new global markets.”
Milestone Scientific’s new distributors include Goetze Dental, a dental supply company serving private dental practices in the US Midwest since 1884; Midwest Dental Equipment & Supply, which has operations in Texas; US-based Scott’s Dental Supply and; Dental Fix Canada for distribution to select territories north of the border.
Milestone Scientific is a medical device research and development (R&D) group, which designs and patents innovative injection technology and specializes in dynamic pressure sensing that allows medics to know what the pressure at the tip of a needle is at any time.
The company’s Wand Single Tooth Anesthesia, meanwhile, is Milestone Scientific’s biggest revenue earner, making an injection at the dentist a lot more comfortable as the numbness is contained on a single tooth rather than a whole portion of the mouth.
Milestone Scientific also has its CompuFlo Epidural Instrument for epidural injections, which has a 99% success in locating the epidural space on the first attempt. Done manually, the procedure can be cumbersome and time-consuming.
The company believes the epidural system will become the new standard of care.
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