Ingen Technologies signs distribution agreement for oxygen flow
meters in Saudi Arabia
Ingen Technologies, Inc. has signed a three-year
exclusive distribution agreement with Batterjee Medical
Services to distribute its Oxyview and OxyAlert respiratory
assist products within the Kingdom of Saudi Arabia.
The first 500 Oxyview units were delivered on October 30, 2008, and
another 50,000 units are expected in December 2008. Mr. Scott Sand,
Chief Executive, said, “The annualized sales estimates from this
Agreement could represent as much as $7 to $12 million in new sales and
represents a major push into the respiratory market estimated at $4
Batterjee Medical Services is a part of the AM Batterjee Group of
companies, based in Jeddah, Saudi Arabia. The company is affiliated with
the family-owned chain of hospitals throughout the Middle East, a
private medical University, and services and products throughout Saudi
Arabia and the GCC. There are 386 Hospitals in Saudi Arabia serving a
population of more than 23 million people.
There is a well financed social healthcare environment in the
country. All Saudi Arabians receive healthcare insurance. With a total
combined population of more than 80 million people in the gulf region,
hundreds of hospitals and a need to modernize the medical product
inventory, the AM Batterjee Group has committed to selling Oxyview and
OxyAlert into a very modernized healthcare delivery system.
Chronic respiratory diseases represent a public health challenge in
both industrialized and developing countries. According to recent
studies performed in Saudi Arabia, COPD was found to be the second
leading cause of hospitalizations (17.2%) among patients with
respiratory disorders. Men are twice affected as women and the age group
mostly involved is 46-65 years.
“Ingen Technologies is now starting to gain some momentum with its
respiratory product line. We are very close to finalizing several other
export possibilities in Asia, Australia, Europe and South America. We
will make these announcements when the contracts are final,” stated
Thomas Neavitt, CFO.
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