Guided Therapeutics Receives Third Payment and New Order from Chinese Distributor
Guided Therapeutics Inc. announced the receipt of an $88,000 payment from its distribution partner, Hangzhou Dongye Medical Technology Company Ltd (HDMT). Of this amount, $80,000 represents the third installment of a previously announced $700,000 purchase order, with the remaining $8,000 attributed to a new order for LuViva device components. Four LuViva devices and components are scheduled for shipment this month, bringing the total shipped to seven out of 35 devices expected over the coming months. HDMT is the exclusive gynecology products provider for 42 hospitals in Zhejiang Province, China. In addition, Guided Therapeutics recently entered into an agreement with Yuanshuo Medical Instruments Corporation (YMIC) for an initial $200,000 purchase of LuViva devices and parts, with YMIC set to distribute the products in Jiangsu province.
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