DIH Expands Strategic Partnership with Zahrawi Group
February 04 2025 - 7:00AM
DIH Holding US, Inc. ("DIH")(NASDAQ:DHAI), a global provider of
advanced robotic devices used in rehabilitation, which incorporate
visual stimulation in an interactive manner to enable clinical
research and intensive functional rehabilitation and training in
patients with walking impairments, reduced balance and/or impaired
arm and hand functions, today announced the expansion of their
strategic partnership with Zahrawi Group (MTC Company), DIH's
representative and sales partner, to include Saudi Arabia.
Building on a successful collaboration that started in 2019, the
partnership now spans four countries: the United Arab Emirates,
Qatar, Bahrain, and Saudi Arabia.
Established in 1989 in Dubai, UAE, Zahrawi Group
(MTC Company) is one of the leading and pioneer Medical Devices and
Life Science providers in the Gulf Cooperation Council,
continuously expanding, progressing, and contributing to the
prosperity of the people and economy of the region.
The expansion aims to enhance the distribution
and accessibility of DIH's innovative rehabilitation solutions
across these regions, leveraging Zahrawi Group's (MTC Company)
established presence and expertise in the healthcare sector. The
collaboration will focus on delivering state-of-the-art
technologies to improve patient outcomes and support healthcare
professionals with cutting-edge tools.
"We are excited to broaden our partnership with
Zahrawi Group (MTC Company), a company that shares our commitment
to excellence and innovation in healthcare," said Dr. Patrick
Bruno, Chief Market Officer at DIH. "Together, we will work to
ensure that our advanced medical technologies are accessible to
healthcare providers across these four countries, ultimately
benefiting patients and supporting the advancement of medical care
in the region."
"Extending our partnership with DIH aligns with
our mission to provide smart solutions, innovative products, and
outstanding services to improve people's lives every day," said
Abdulrahman Ramadan, Group CEO of Zahrawi Group (MTC Company). "We
are confident that this collaboration will bring significant
advancements to the rehabilitation landscape in the UAE, Qatar,
Bahrain, and Saudi Arabia."
The expanded partnership underscores both
companies' dedication to fostering innovation and delivering
high-quality rehabilitation solutions. By combining DIH's
technological expertise with Zahrawi Group's (MTC Company) regional
experience, the collaboration is poised to make a meaningful impact
on rehabilitation services delivery in the Middle East.
About DIH Holding US,
Inc. DIH stands for the vision to “Deliver
Inspiration & Health” to improve the daily lives of millions of
people with disabilities and functional impairments through
providing devices and solutions enabling intensive rehabilitation.
DIH is a global provider of advanced robotic devices used in
physical rehabilitation, which incorporate visual stimulation in an
interactive manner to enable clinical research and intensive
functional rehabilitation and training in patients with walking
impairments, reduced balance and/or impaired arm and hand
functions. Built through the mergers of global-leading niche
technology providers, DIH is a transformative rehabilitation
solutions provider and consolidator of a largely fragmented and
manual-labor-driven industry.
About Zahrawi Group (MTC
Company)Zahrawi Group (MTC Company) is a pioneer Medical
Devices and Life Science Distributor in the Gulf region, with a
presence in UAE, KSA, Qatar, Oman, and Bahrain. Zahrawi Group (MTC
Company) is specialized in Surgical, Medical, Nuclear Medicine,
Diagnostic, and Analytical Lab solutions, and was founded with a
vision to be the leading and most trusted partner in the GCC.
Zahrawi Group is committed to improving people’s lives by
introducing innovative Healthcare products, Smart solutions, and
Outstanding services. For more information, visit
www.zahrawigroup.com.
Caution Regarding Forward-Looking Statements
This press release contains certain statements which are not
historical facts, which are forward-looking statements within the
meaning of the federal securities laws, for the purposes of the
safe harbor provisions under The Private Securities Litigation
Reform Act of 1995. These forward-looking statements include
certain statements made with respect to the business combination,
the services offered by DIH and the markets in which it operates,
and DIH’s projected future results. These forward-looking
statements generally are identified by the words “believe,”
“project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,”
and similar expressions. Forward-looking statements are predictions
provided for illustrative purposes only, and projections and other
statements about future events that are based on current
expectations and assumptions and, as a result, are subject to risks
and uncertainties that could cause the actual results to differ
materially from the expected results. These risks and uncertainties
include, but are not limited to: general economic, political and
business conditions; those factors identified in our "Risk Factors"
included in our periodic filings with SEC; the ability of DIH to
achieve its projected revenue, and its continued access to sources
of additional debt or equity capital if needed. While DIH may elect
to update these forward-looking statements at some point in the
future, DIH specifically disclaims any obligation to do so.
Investor Contact Greg
ChodaczekInvestor.relations@dih.com
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