LONDON (Alliance News) - Electrical Geodesics Inc on Thursday said it has secured a USD2.5 million order to supply its GES-400 systems under a new supply agreement with EIMindA Ltd, which extends the previous agreement between the two signed in January.
Electrical Geodesics, which develops and supplies neuro-diagnostic and neuro-modulation technologies, said EIMindA, a US and Israel-based neuro-analysis systems company, has decided to increase its orders for the GES-400 system by a minimum of USD2.5 million, to be fulfilled over the next 12 months.
"We have worked closely with ElMindA during 2015 to align our technologies and are delighted to see the initial commercial success that has given them the confidence to make this minimum USD2.5 million purchase commitment which is the largest individual order in EGI's history," said Don Tucker, Electric Geodesics' chief executive.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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