LONDON (Alliance News) - Sphere Medical Holding PLC on Thursday said it has opened a new commercial production facility in St Asaph in Wales.
Sphere, which provides critical care monitoring and diagnostic devices, said the new facility includes a state-of-the-art cleanroom and will provide the necessary capacity in order to meet the expected growing demand for its Proxima platform over the coming years.
Proxima is an arterial blood gas monitoring system.
Demand is anticipated to increase later this year with the expected launch of the Proxima 4 next generation device currently undergoing CE marking, Sphere said.
"Today's official opening marks a significant moment for Sphere as we prepare to start commercial production; our dedicated sales force is now marketing Proxima directly to the critical care market and we were pleased to report news of our first sale of Proxima 3 in Germany last week," Chief Executive Wolfgang Rencken said in a statement.
Shares in Sphere were untraded on Thursday morning, last quoted at 8.15 pence.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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