Sign In
23 Jun 2021 07:00
Belluscura PLC
("Belluscura" or the "Company" or "Group")
First US Distribution Agreement
LONDON, U.K. AND PLANO, TX, U.S. (23 June 2021). Belluscura plc (AIM: BELL), a leading medical device developer focused on lightweight and portable oxygen enrichment technology, announces that, as anticipated, it has signed its first US distribution agreement for its X-PLO2R™ portable oxygen concentrator ("POC") portfolio. This is the first stage in establishing US-wide distribution coverage as part of the Group's commercialisation strategy.
The distributor, located on the East Coast of the United States, is an established nationwide seller of supplemental oxygen equipment. The distributor has immediately issued its first purchase order with anticipated delivery of the first X-PLO2R portable oxygen concentrators expected in Q3 of this year.
As described in the Company's Admission Document, Belluscura's plan is to appoint distributors in the US to give US-wide coverage for the launch of the X-PLO2R; and this is expected to occur in the second half of 2021 and into 2022.
About the X-PLO₂R™
The X-PLO₂R weighs less than 1.5kg (3.25lbs) and the Directors believe it is the world's first modular portable oxygen concentrator and that it will generate more oxygen by weight than any other US Food & Drug Administration ("FDA") cleared POC in its class. The X-PLO2R can deliver up to 95% pure oxygen to patients 24 hours a day, 7 days a week to help improve the quality of life for millions of people worldwide who suffer from chronic lung diseases, such as Chronic Obstructive Pulmonary Disease and respiratory distress caused by COVID-19. The X-PLO₂R is designed to replace larger, metal oxygen tanks and heavier portable oxygen concentrator devices.
In March 2021 Belluscura received 510(k) clearance from the FDA for the X-PLO2R, which will be launched commercially in Q3 2021. Additional products within the range will be launched within the next 12 months.
Robert Rauker, CEO of Belluscura plc, said: "We are very pleased with the reception the X-PLO2R portable oxygen concentrator has received from distributors. We look forward to commercial launch in Q3 of 2021 and we anticipate signing a number of additional distribution agreements in the very near future."
For further information please contact:
Belluscura plc | www.belluscura.com |
Robert Rauker, Chief Executive Officer | via Walbrook PR |
Anthony Dyer, Chief Financial Officer |
|
|
|
SPARK Advisory Partners Limited (NOMAD) | Tel: +44 (0)20 3368 3550 |
Neil Baldwin |
|
|
|
Dowgate Capital Limited (Broker) | Tel: +44 (0)20 3903 7715 |
James Serjeant / Nicholas Chambers |
|
|
|
Walbrook PR Ltd (Media & Investor Relations) | Tel: +44 (0)20 7933 8780 or belluscura@walbrookpr.com |
Paul McManus / Sam Allen | Mob: +44 (0)7980 541 893 / +44 (0)7502 558 258 |
About Belluscura plc (www.belluscura.com)
Belluscura is a UK medical device company focused on developing oxygen enrichment technology spanning broad industries and therapies. Our innovative oxygen technologies are designed with a global purpose: to create improved health and economic outcomes for the patients, healthcare providers and insurance organisations.
About RNS Reach announcements
RNS Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases such as marketing messages, corporate and product information into the public domain. An RNS Regulatory announcement is required to be notified under the AIM Rules for Companies.
Follow the stocks
