aap signs several agreements with US distributors - Kick off for LOQTEQ® sales in Q3/2015
aap Implantate AG / aap signs several agreements with US distributors - Kick off for LOQTEQ® sales in Q3/2015 . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.
aap Implantate AG (XETRA: AAQ.DE) has reached a further, decisive milestone in developing the strategically important US market. The company has signed the first eight contracts for the distribution of its LOQTEQ® products with non-stocking distributors. On the basis of these agreements these distributors will cover different regions in the federal states California, Texas, Ohio, Tennessee, Oklahoma and Utah. The company anticipates initial sales in the US market in the third quarter of the current financial year.
aap Implantate AG is banking in the United States on a hybrid distribution model. The company plans to sell its LOQTEQ® products locally via both stocking (distributor buys the products) and non-stocking distributors (distributor is supplied with the products and pays after usage). Here, it should be noted that most of the sales in the USA are handled via non-stocking distributors.