Oridion Systems Ltd. (SIX:ORIDN) inked a deal with the Bavarian Red Cross to use the company’s carbon dioxide monitors in the German Red Cross unit’s fleet of emergency vehicles.
The Jerusalem-based company, which has operations in Needham, Mass., said the German emergency services provider will use it’s Microcap portable capnography monitors, which are designed to measure intubated and non-intubated patients for high carbon dioxide levels in their breath. The company, which didn’t provide financial terms of the deal, said that the agreement came after an extensive review by the Bavarian emergency services provider.
During the company’s third-quarter earnings release, chairman and CEO Alan Adler said sales were beginning to recover from a rough patch during the first part of 2009 due to problems with one of its distribution partners, Medtronic’s (NYSE:MDT) Physio-Control Inc. subsidiary.
The company logged virtually no sales through Physio-Control for the first six months of the year; by comparison, the agreement produced about $3.4 million in sales during the same period last year.
Overall, the company posted sales of $11 million during the three months ended Sept. 30, compared with $12 million during the same period last year.