Teeth scanner firm 3D Diagnostic Imaging expands into Middle East
The firm, which was listed on the Plus stock exchange until it moved to the Alternative Investment Market in 2010, has signed a contract with its German distributor, Orange Dental, covering the Middle East, North Africa and the former Soviet Union. Shares closed up 0.03p or 4.6 per cent to 0.58p.
Orange Dental will market the company’s CarieScan device, which is used to scan teeth for cavities, to more than 170,000 dentists in the three regions. A separate deal with Lider Dis will see the technology being marketed to Turkey’s 17,000 dentists.
Advertisement
Hide AdAdvertisement
Hide AdA product fault triggered profit warnings and falling sales at 3D last year. But chief executive Graham Lay yesterday said: “We are clearly delighted with the extension of the company’s sales reach, but perhaps of more significance is the rising trend in monthly sales that we are seeing so far in 2012.
“The company has now sold products into 13 countries and received re-orders from three of its distributors. There remains much to do but these recent developments are encouraging.”
BE