CurveBeam AI Limited (ASX:CVB) Expands Agreement with Stryker
Commercial Agreement Expansion
CurveBeam AI Limited (ASX:CVB) has expanded its commercial agreement with Stryker Australia Pty Ltd to include Australia and New Zealand. This referral agreement allows Stryker to promote CurveBeam AI’s HiRise weight bearing CT (WBCT) scanner for lower extremity orthopaedic applications, aiming to increase WBCT scan demand through enhanced surgeon education.
Agreement Details
The exclusive agreement has an initial term of three years, with an option for an additional two years, contingent upon meeting minimum referral volumes and sales commissions. Stryker’s sales organisation, comprising over 25 personnel, will play a crucial role in educating surgeons about the benefits of weight bearing CT and generating direct referrals for CurveBeam AI.
Impact on CurveBeam AI
This agreement represents a significant enhancement of CurveBeam AI’s market presence in the Australian and New Zealand regions, especially following the expiration of a previous distribution agreement in 2024. The company will manage direct sales to imaging centres and hospitals, furthering its aim to improve diagnosis and surgical planning using the HiRise WBCT scanner.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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