Remote Monitored Systems PLC (LON:RMS) said subsidiary Pharm 2 Farm Ltd (P2F) signed a deal with Indian firm Vivek Kohli Enterprises (VKE) to distribute P2F’s anti-viral face masks under the Pro-Larva brand.
The AIM-listed firm said VKE has placed an initial order for 350,000 masks to be airfreighted to their distribution centre in India, which will then be distributed through retail and commercial medical networks.
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Part of the proceeds of the order will be invested by P2F in a marketing campaign within India to support VKE and build demand for the Pro-Larva masks, which is then expected to lead to increasing repeat orders.
VKE is part of Stag International Group, which provides personal protective equipment under its Pure.All brand.
"India represents a significant opportunity for our Pro Larva anti-viral mask and we are pleased to be partnering with Stag Global”, RMS executive chairman Antony Legge said in a statement.
“Whilst this agreement represents an initial modest number of masks, the Company is in discussions with a number of Indian businesses regarding distribution agreements for the Pro-Lava mask and hopes to be announcing further positive news flow in the near term. This deal will help to strengthen P2F's position as a provider of anti-viral masks within the global healthcare market", he added.