PhotoMedex has received a multi-million dollar order from AMICO Group, its distributor in the Middle East, to purchase XTRAC laser systems, that are expected to be installed in hospitals throughout the Kingdom of Saudi Arabia.
PhotoMedex said that the order includes customary terms and conditions, including advanced payments and letters of credit covering the purchase order. Delivery is expected to be in the third and fourth quarters of this year.
GlobalMed Technologies, the company’s distribution partner, will facilitate the logistics associated with the deployment of the XTRAC systems under the purchase order, throughout the Saudi market.
Dennis McGrath, the president and CEO of PhotoMedex, said: “AMICO has been an excellent business partner distributing our laser systems throughout the Middle East for more than 10 years.
“This order, resulting from a competitive government tender, once again affirms that our company’s XTRAC laser system is recognized around the world as the technology for the therapeutic treatment of psoriasis and vitiligo.”
PhotoMedex is a global skin health solutions company that provides integrated disease management and aesthetic solutions through complementary laser and light-based devices, pharmaceuticals and cosmeceuticals.
The company focuses on the development, manufacturing and global marketing of dermatology products and techniques focused on advanced cost-effective technologies that provide patients with better outcomes and a higher quality of life.