PLT 0.94% $1.05 plenti group limited

establishes european base in uk

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    Sydney - Thursday - July 5: (RWE Aust Business News) -
    Polartechnics Ltd (ASX:PLT) is pleased to announce the establishment
    of its main European base in the UK as the next phase in the expansion of
    the distribution coverage for its proprietary TruScreen cervical cancer
    screening product.
    The new UK base will support a significant marketing initiative
    throughout Europe, Middle East, Africa and South America.
    Management has prioritised this effort to increase, and also
    diversify, the TruScreen forward sales portfolio to underpin the
    company's ongoing quality of earnings.
    As the initial step of this program, PLT has also entered into
    six new contracts with proven, well-credentialled distribution companies
    for the exclusive distribution of TruScreen into Egypt, Turkey, Greece,
    Hungary, South Africa and the United Arab Emirates.
    These new distribution agreements will see expedited market
    rollouts in all six countries with sales forecast to commence from
    August.
    TruScreen is CE certified, which approves the product for
    immediate sale and use across the European Union.
    To support the new commercial relationships and future TruScreen
    growth, PLT has also negotiated a European Training Centre Agreement with
    a leading UK training hospital.
    This arrangement will be extremely cost effective and ensure that
    a high and consistent standard of training is applied throughout the
    region.
 
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