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Distribution Agreement

2 Apr 2015 07:00

RNS Number : 2550J
Akers Biosciences, Inc.
02 April 2015
 

Embargoed: 0700hrs, 2 April 2015

Akers Biosciences, Inc.

Distribution Agreement

Akers Biosciences, Inc. (NASDAQ: AKER) (AIM: AKR.L), ("Akers" or the "Company"), a medical device company focused on reducing the cost of healthcare through faster, easier diagnostics, has signed an exclusive Master Distributor Agreement with ADS Inc. ("ADS") for the marketing and supply of Akers' rapid diagnostic assays to U.S. Government agencies and departments (the "Agreement").

ADS is the premier equipment procurement and support solutions specialist to the military, law enforcement, first responders and the defense industries in the United States.

The Agreement, which has an initial term of eighteen months, spans the entirety of Akers' product catalog but will focus initially on marketing the Company's rapid test for Heparin-Induced Thrombocytopenia (an allergic condition associated with the commonly used blood-thinner Heparin, generally used in various surgical procedures); the Company's rapid, light-weight test for determining blood type compatibility in remote locations; and the Company's range of rapid tests for infectious diseases including Malaria and Dengue Fever.

"Akers and ADS have identified a number of areas in which U.S. Government departments such as the Department of Defense could benefit significantly from the introduction of the Company's rapid diagnostic assays," said Raymond F. Akers, Jr. PhD, Co-founder and Executive Chairman of the Board.

 

"These include the introduction of the Company's PIFA Heparin/PF4 rapid assays to military hospitals in order to reduce the costs and risks associated with the use of Heparin as an blood-thinning agent; our rapid blood-typing card for use in blood transfusions under battlefield conditions; and tests for infectious diseases such as Malaria and Dengue Fever out in the field or in remote locations where speed and ease of diagnosis are of paramount importance," continued Dr. Akers.

 

"ADS is the preeminent distributor to this important target market so we are delighted to partner with them through this agreement to reach these large potential customers," added Dr. Akers.

 

ABOUT AKERS BIOSCIENCES, INC.

 

Akers Biosciences develops, manufactures, and supplies rapid screening and testing products designed to deliver quicker and more cost-effectivehealthcare information to healthcare providers and consumers. The Company has advanced the science of diagnostics while responding to major shifts in healthcare through the development of several proprietary platform technologies. The Company's state-of-the-art rapid diagnostic assays can be performed virtually anywhere in minutes when time is of the essence. The Company has aligned with major healthcare companies and high volume medical product distributors to maximize product offerings, and to be a major worldwide competitor in diagnostics.

 

Additional information on the Company and its products can be found at www.akersbiosciences.com. Follow us on Twitter @AkersBio

 

ABOUT ADS INC.

 

ADS Inc. is a leading solutions provider that proudly serves all branches of the U.S. Military, federal, state and local government organization, law enforcement, first responders, foreign governments and the defense industry. The company is focused on solving customers' challenges through the largest product and service selection, the broadest array of procurement and contract options, world-class support and logistics solutions and legendary customer service. ADS is a single source that actively seeks out customers' equipment and logistics challenges to deliver innovative and cost-effective solutions that help them complete their mission and maintain readiness. ADS equipment and support solutions include C4ISR, Combat Support, Medical, Operational Clothing and Individual Equipment (OCIE), Weapons and Optics as well as Special Missions, including CWMD, CBRNe EOD, First Responders and Maritime Operations.

 

Additional information can be found at www.adsinc.com.

 

Cautionary Statement Regarding Forward Looking Statements

 

Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding the intended terms of the offering, closing of the offering and use of any proceeds from the offering. When used herein, the words "anticipate," "believe," "estimate," "upcoming," "plan," "target", "intend" and "expect" and similar expressions, as they relate to Akers Biosciences, Inc., its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements.

 

For more information:

 

Akers Biosciences, Inc.

Raymond F. Akers, Jr. PhD

Executive Chairman of the Board

Tel. +1 856 848 8698

 

finnCap (UK Nominated Adviser and Broker)

Geoff Nash / Scott Mathieson (Corporate Finance)

Steve Norcross (Broking)

Tel. +44 (0)20 7220 0500

 

Taglich Brothers, Inc. (US Investor Relations)

Chris Schreiber

Tel. +1 917 445 6207

 

Vigo Communications (UK Investor Relations)

Ben Simons / Fiona Henson

Tel. +44 (0)20 7016 9570

Email: akers@vigocomms.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
AGREAFLFELLSEAF
Date   Source Headline
22nd Nov 200512:00 pmRNSHolding(s) in Company
15th Nov 20055:22 pmRNSHolding(s) in Company
14th Nov 20057:01 amRNSChange of Adviser
3rd Nov 20054:50 pmRNSIssue of Equity
17th Oct 20056:00 amPRNAdditional Listing
12th Oct 20055:17 pmRNSHolding(s) in Company
5th Oct 20056:00 amPRNTrading and Financing Update
27th Sep 20056:00 amPRNInterim Results
19th Sep 20056:00 amPRNNotice of Results
9th Sep 20056:00 amPRNSuccessful Outcome Of Litigation
5th Sep 20056:00 amPRNRe Distribution Agreement
26th Jul 20056:00 amPRNBusiness Update
1st Jul 200512:39 pmRNSIssue of Shares
30th Jun 200511:44 amRNSAnnual Report and Accounts
27th Jun 20056:00 amPRNUK Distribution Update
23rd Jun 20053:12 pmRNSIssue of Equity
22nd Jun 20054:19 pmRNSIssue of Equity
27th May 20057:00 amRNSIssue of Shares
12th May 200512:13 pmRNSIssue of Shares
28th Apr 20056:00 amPRNFDA Product Clearance
27th Apr 200512:37 pmRNSIssue of Equity
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12th Apr 20055:49 pmRNSIssue of Equity
12th Apr 20056:00 amPRNFinal Results
14th Mar 20057:00 amPRNFinancing Agreement
1st Mar 20057:00 amPRNFDA Review On Akers Product
22nd Feb 20057:00 amPRNRe. Distribution Agreement
16th Feb 20055:22 pmRNSIssue of Equity
14th Feb 20057:00 amPRNRe Agreement
26th Jan 20054:28 pmRNSIssue of Equity
14th Jan 20057:00 amPRNTrading Update

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