Dehaier Medical Systems Ltd. (DHRM) stock gained over 15% on Friday’s trading session within almost a million shares in volume after company’s announcement of a two-year exclusive distribution agreement with GCE group for GCE’s EASE II products in Mainland China.
EASE II device is an automatically triggered high-flow oxygen device, which can be connected with a portable oxygen tank or medical gas pipeline system to deliver high flows of oxygen to patients with minimal breathing resistance. At glance: EASE II functionality is to effectively increasing the degree of blood oxygen saturation and accelerating the recovery of cell functions when patients experience severe hypoxia.
The EASE II system is portable and has been widely used in disaster relief efforts, national defense, emergency rooms, ambulances, and in many other fields. Evenmore, the EASE II system can be used to deliver nitrous oxide-oxygen on demand to administer effective pain relief for a wide range of medical situations, such as accidents, medical surgery, skin burns, and various sports injuries.
Mr. Ping Chen, Dehaier’s President and CEO, highlighted:
We are excited to be the exclusive distributor of EASE II in China and plan to occupy the immature market of high-efficiency oxygen in China with the GCE Group. Furthermore, Dehaier will begin to promote this efficient and state of the art emergency care concept and its related products by working closely with hospital specialists, as well as participating in academic seminars on emergency care and oxygen therapy. We believe that the EASE II concept and its application have a great market potential in the China’s growing medical equipment market, and going forward, we hope that EASE II system will be an important revenue contributors to Dehaier.
Recently Dehaier announced that it has won a 3-year procurement agreement for Dehaier’s proprietary air compressors and customized trolleys from a major medical equipment manufacturer in Ukraine. The purchaser plans to distribute Dehaier products in Ukraine and other European markets through its sales network.
Dehaier Medical Systems Ltd
Room 501, Jiuzhou Plaza, No.83 Fuxing Road, Haidian District, Beijing P.R. China, 100856
Dehaier (NASDAQ: DHRM) develops, assembles and markets respiratory and oxygen homecare products and other medical devices in China. Company offers a broad range of more than 30 products that can be used in the surgery room, patient room and at home, and we also provide technical service products to manufacturers and distributors.