Ultrasound developer Longport has signed a distribution agreement to sell its Longport Digital Scanner (LDS) through the U.S. Medical Systems distribution network.
The contract calls for the purchase of 300 machines in the first year, 600 machines in the second year, and 1,000 machines in the third year, according to Longport. An initial order, with a $500,000 deposit, has been placed for the first 100 machines, with delivery starting in April 2004. The deal calls for LDS units to be delivered at a rate of no less than 25 scanners per month in the first year, 50 units per month in the second year, and 80 units per month in the third year.
By AuntMinnie.com staff writersFebruary 13, 2004
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