COMPUMEDICS’ DWL SECURES LUCRATIVE DEAL WITH MILITARY HOSPITALS IN CHINA

• Compumedics’ Germany-based business, DWL, has secured a AUD$375K (EUR270K) agreement to supply neurology departments in several key military hospitals in China
• The deal will supply 30 Doppler Boxes and was won against strong local competition in China

Compumedics Limited (ASX: CMP) (“Compumedics” and “Company”) is pleased to announce that the Company’s German-based, brain blood-flow Doppler-sonography division, Compumedics Germany GmbH(“DWL”), has secured a AUD$375K (EUR270K) deal to supply its Doppler-Box technology to key military hospitals in China.
The agreement will enable DWL to continue to build its reputation and footprint in China, cementing DWL’s position as one of the world’s leading suppliers of brain blood-flow technology.

In commenting on the China contract win, Mr Christoph Witte, Managing Director of DWL, said:

“This contract is an important achievement for DWL and its parent company Compumedics, as it underpins DWL’s superior reputation in this market sector.

“In the past year, DWL’s business in China has grown from EUR1.4 million to EUR1.8 million, an increase of 29%.

“DWL sees other opportunities to extend this window of potential for future business with the country’s military hospitals due to its low cost technology.”

In commenting on Compumedics’ business throughout China, Dr David Burton, Chairman and CEO of the Compumedics Group, said:

“The DWL business continues to expand its presence in global markets and winning this deal provides an excellent opportunity for DWL to continue to build a significant presence in China.

“More importantly, it shows that all parts of the Compumedics Group remain focused on renewing growth, as we continue to strengthen our market and financial position.”