News

January 10, 2011

Spring Universal Infusion Set to be distributed in Sweden

Spring Health Solutions Ltd., today announced the successful bid by its Swedish distributor for the marketing and sales of Spring Universal Detach Detect Infusion Sets in Sweden.

According to the International Diabetes Federation, approximately 484,400 diabetes patients live in Sweden, constituting 7.3% of its population. The bid was won in the region of Vastra Gotaland, which constitutes approximately 25% of the entire Swedish market. The distribution of Spring Universal Detach Detect Infusion Sets in this region is expected to generate more than US$ 2 Million in product sales over the next three years.

"This successful bid not only represents an important early revenue opportunity for D. Medical, but also validates the advantages of our Spring Universal Detach Detect Infusion Sets and enhances our distributor's ability to market and sell our products and promote D. Medical's 'Spring' brand name throughout Sweden," said Efri Argaman, D. Medical's Chief Executive Officer.

"As we are reaching final stages of validation at our newly built infusion sets manufacturing line at UPG's site in China, we are positive that we are ready to fulfill any demand of this product," commented Hezkiah Tsoory, D. Medical's Chief Operating Officer.

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