28 Apr 2016 07:00
28 April 2016
Sphere Medical Holding plc
("Sphere Medical" or the "Company")
AGM Statement
Sphere Medical Holding plc (AIM: SPHR.L), an innovative point-of-care monitoring and diagnostic devices company, will hold its Annual General Meeting in London today. At the meeting, the Company's Chairman, Dr David Martyr, will make the following statement:
"Following the successful launch of Proxima 3 in Europe, Sphere Medical's key strategic goals for 2016 are to launch Proxima 4 in Europe and identify the appropriate commercialisation partnerships to market the product in Europe and other major markets. As reported previously, we expect the quantum of revenue in 2016 to remain modest but I can report back from our sales teams that interest from hospitals in the Proxima platform continues to build and we expect accelerated sales once Proxima 4 is launched. We are on track to achieve our goals and 2016 is set to be an important year for the Company."
- Ends -
For further information, please contact:
Sphere Medical Holding plc | Tel: +44 (0)1223 875 222 | |
Dr Wolfgang Rencken, Chief Executive Officer | ||
Richard Wright, Chief Financial Officer | ||
Panmure Gordon | Tel: +44 (0) 20 7886 2500 | |
Freddy Crossley (Corporate Finance) | ||
Duncan Monteith (Corporate Finance) | ||
Tom Salvesen (Corporate Broking) | ||
Consilium Strategic Communications | Tel: +44 (0) 20 3709 5700 | |
Mary-Jane Elliott | spheremedical@consilium-comms.com | |
Chris Gardner | ||
Ivar Milligan | ||
Hendrik Thys | ||
Notes for Editors
About Sphere Medical (AIM: SPHR.L)
Sphere Medical is an innovative point-of-care medical device company. Its Proxima platform measures blood gases, electrolytes and metabolites at the patient's bedside and aims to improve patient care and reduce health system costs. The device is currently sold directly to the critical care market via Sphere Medical's sales force in the UK, Germany, The Netherlands and Belgium. For further information, please visit www.spheremedical.com.