Vicor Technologies signs distribution agreement with Glotecx for PD2i Cardiac analyzer

Vicor Technologies, Inc. has entered into an exclusive agreement with Glotecx, Inc., a provider of medical equipment, for the distribution of its PD2i Cardiac analyzer. Vicor is a provider of non-invasive diagnostics. Both the companies are based in the US.

The agreement grants Glotecx the exclusive right to purchase, inventory, promote, and resell the private label Vicor PD2i Cardiac analyzer, and accompanying computer hardware and test analyses in India, Kenya, Uganda, Tanzania, and Nigeria.

According to the terms of the agreement, Glotecx guarantees to pre-pay Vicor for a pre-determined minimum amount of equipment and test analyses, with payment for equipment and test analyses in excess of the minimum guaranteed amount payable monthly. The initial term of the agreement would commence on October 1, 2009.

Deal Type    Partnership
Sub-Category Distribution
Deal Status  Announced: 2009-08-19

Deal Participants

Partner 1 (Company) Vicor Technologies, Inc.
Partner 2 (Company) Glotecx, Inc.

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