DGYA Advanced Materials Technology Group issued an announcement that the "degradable magnesium internal fixation screw product" developed by the company has obtained the EU CE registration certification, in order to promote the promotion and sales of biodegradable magnesium internal fixation screw products in the Georgian market, October 13, 2020 On June 30, the company signed the "Cooperation Agreement" (hereinafter referred to as the "Agreement") with Batumi Republican Clinical Hospital (hereinafter referred to as "Party B") and Georgian International Innovative Medical Service Company (hereinafter referred to as "Party C").
It is reported that Party A, as the manufacturer of biodegradable magnesium internal fixation screws, is responsible for the quality of the products. Party B is the application side of the degradable magnesium bone internal fixation screw products. As Party A`s agent in Georgia, Party C is responsible for coordinating, following up, and handling the signing, delivery, after-sales and other related matters of both parties. The supply contract between A and B and the agency agreement between A and C should be signed and executed by each party.
It is reported that this agreement fully takes into account the geographical advantages of the company`s biodegradable magnesium internal fixation screw products in the Georgia market for promotion and sales, which will help the smooth development of the product`s promotion and sales in the Georgian market, and the rapid realization of sales, which is also the product`s entry into the market. The first step in the EU market, the subsequent signing and implementation of the product supply contract and the continuous expansion of the market will have a positive impact on the company's performance.