subslover
2 weeks ago
NanoVibronix Secures $12 Million Minimum Purchase Commitment for PainShield with Extension of Distribution Agreement
Extends Relationship with Ultra Pain Products, Inc for Distribution of PainShield for Five Years
ELMSFORD, N.Y.--(BUSINESS WIRE)-- NanoVibronix, Inc., (NASDAQ: NAOV) (the “Company”), a medical device company that produces the UroShield®, PainShield® and WoundShield® Surface Acoustic Wave (SAW) Portable Ultrasonic Therapeutic Devices, today announced it has renewed its exclusive distribution agreement with Ultra Pain Products, Inc. (“UPPI”) for the distribution of the Company’s PainShield for another five years.
Brian Murphy, CEO of NanoVibronix, commented, "We are thrilled to extend our partnership with Ultra Pain Products for another five years and secure a minimum purchase commitment of our products valued at $12 million. UPPI’s impressive growth, transition into manufacturing and dedication to innovation align perfectly with our values and goals. Their ability to deliver affordable and effective solutions to patients makes them an ideal partner to help us continue to make a difference."
The Company’s decision to renew the distribution agreement comes in recognition of UPPI’s remarkable growth over the past four years and its evolution into a leading force in the non-opioid pain management and injury recovery industry. The renewed agreement underscores the continued collaboration between the two companies and ensures that NanoVibronix’s proprietary PainShield product is a part of Ultra Pain Products’ expanding portfolio of proven and groundbreaking technologies.
Ari Alayev, President of Ultra Pain Products, commented, “We are honored to continue our exclusive distribution agreement with NanoVibronix. We view our partnership as a collaboration that strengthens each organization’s impact in the market. This renewal is a testament to our shared vision and the mutual trust we have built over the past four years. We are excited to continue to offer PainShield as part of our growing roster of innovative technologies as we continue to expand our offerings and lead the charge in non-opioid treatment options.”
The agreement reflects the companies’ mutual dedication to supporting injury recovery and empowering patients with advanced solutions that prioritize safety, efficacy, and accessibility. Together, they remain committed to driving forward the non-opioid treatment landscape in the U.S.
81vette
10 months ago
thanks but that sounds like work,lol, i wrote a book before the internet came along and took my idea,that was a lot of work/research,took over a year,it did great for about a year,only work had to do was walk to mailbox everyday and open envelopes with $15 in them(cost of book)and then mail a book, (would have been forever if internet didnt come along)
81vette
10 months ago
he sure is smart and wise also,never once disrespected or dishonored me,and i am sure he never will. when he was 5, i phones first came out and with my etrade app he would scan perspective items in stores to get tickers and do dd, usually new trend items (crocks shoes ect.) we were in game stop and he scanned a knock off controller for xbox (1/3 cost of official xbox controller) before we left the store he said we need to buy MCZ (madkatz) right now ,they are going to be the new official controller for xbox and playstation ,we made 10x on that trade, he shared it with 100s of ppl on cam chat just before it started up later that day
81vette
10 months ago
avoiding fear and greed is not easy for adults,when teaching my son trading (he was 4) he didn't understand value of $ so he had no fear or greed,simply is the chart bullish or bearish,he was the perfect trader,many ppl asked him for advise (on a chat site,we did some on cam q/a how to day trade ideas) many ppl missed his plays when he had to go to kindergarten (they still had a few hrs in afternoon with him until 1st grade they only saw him when no school)
81vette
11 months ago
yep,waiting patiently,only matter of time on the distribution news,maybe merger news because deal is with private co.(this would be good time for them to go public,and it would help NAOV big time) chart is getting pointy/pokey/stabby(tech terms for pennant,lol ,something is going to happen soon up or down move coming
81vette
11 months ago
the loi co.to distribute made 62M(euro) in 2020,selling over 20 prescription and non scrip drugs,founded in 1882,145 employees,international sales OVER 20 COUNTRIES,private not public co. (do i smell a merger,ppl will think so,i am sure the roemer is out there) great co. none the less,its a REAL co.anyway not a scam deal to sell shares!!!
81vette
11 months ago
OMG wait a tick,they have a devise that relieves pain no drugs/chemicals,this is beyond astronomical possible run!!!,i thought just for a specific use with a catheter,this is way bigger than i thought,they have sports contracts, own the patents and u of m is doing testing for them,on all body parts, at no expense! no wonder institutions are buying this,its insanely undervalued,how is this still under the radar,what am i missing,where is the negative?
81vette
11 months ago
nice find bro,excellent patience,sma50@1.058,thru 1.06 makes next stops 1.20 upper bolie,sma200 2.29,(all daily values,this is a long play) great potential with tutes buying,watch for big ask slaps,astronomical potential if binding letter comes(2 months ago was non binding,i think binding is coming soon,thats why the vol start yesterday!!)