Brief: Izafe SIgns Exclusive Agreement To Sell 1,000 Dosell Annually

iZafe AB

27/02/2023 15:31

Feb 27 (Reuters) - iZafe Group AB  IZAFEb.ST :
    * IZAFE GROUP ANNOUNCES EXCLUSIVE AGREEMENT TO SELL 1,000
DOSELL
ANNUALLY
    * HAS SIGNED AN EXCLUSIVE PARTNERSHIP AGREEMENT WITH IVE
VENTURES
("IVE") FOR RIGHT TO EXCLUSIVELY SELL AND MARKET DOSELL
MEDICATION ROBOT IN NETHERLANDS
    * IVE HAS COMMITTED TO PURCHASING A MINIMUM OF 1,000 DOSELL
UNITS
ANNUALLY FOR A THREE-YEAR PERIOD IN ORDER TO MAINTAIN
EXCLUSIVITY
    * TOTAL VALUE OF HARDWARE PURCHASES AND LICENSING REVENUE
AMOUNTS
TO APPROXIMATELY SEK 16 MILLION FOR FIRST THREE YEARS
    * AN ANNUAL RECURRING LICENSING REVENUE OF AT LEAST SEK 6
MILLION
THEREAFTER

Source text for Eikon:  ID:nMFNm77rY 
Further company coverage:  IZAFEb.ST 

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