Electrical Goedesics signs distribution deal with Hitachi

Electrical Geodesics (EGI), a neurodiagnostic medical technology company, has announced the signing of a distribution agreement with Hitachi Medical Systems America, Inc.

Electrical Geodesics (EGI), a neurodiagnostic medical technology company, has announced the signing of a distribution agreement with Hitachi Medical Systems America, Inc.

Under the agreement, EGI will distribute Hitachi's ETG-4000 optical topography device for the non-invasive investigation of blood flow in the brain using near-infrared spectroscopy (NIRS) in the US, Canada and Mexico.

The agreement allows EGI to sell Hitachi's NIRS device separately or in combination with EGI's Geodesic EEG Systems.

Don Tucker, Chairman and Chief Executive Officer of EGI, commented: "Hitachi is at the forefront in the development of NIRS technology and we are delighted to be working with them in this field and marketing the ETG-4000 alongside our own devices."

Donald Broomfield of Hitachi said: "EGI has a reputation as a leader in advanced neurodiagnostic technologies and a significant sales presence in the US neuroscience markets through their dEEG product range and we believe that they are the partner of choice to promote the ETG-4000 and market our products in parallel with their own."

EGI's share price was up 2.32% to 132.50p at 09:03 on Wednesday.

MF

Recommended

Share tips of the week – 21 January
Share tips

Share tips of the week – 21 January

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
21 Jan 2022
Seven cheap defence stocks to buy now
Share tips

Seven cheap defence stocks to buy now

We’ve got used to a world without war between major powers, but that era is coming to an end as Russia threatens Ukraine and China eyes Taiwan. Buy de…
21 Jan 2022
Invest in VCTs: tax-free investments set to break records
Investment strategy

Invest in VCTs: tax-free investments set to break records

Generous tax breaks make VCTs – venture capital funds – an attractive supplement to pensions.
21 Jan 2022
HubSpot: a tech stock set to tumble
Trading

HubSpot: a tech stock set to tumble

US tech stocks have had a fantastic couple of years. But this year is unlikely to be so bullish for high-fliers that can’t turn big profits.
18 Jan 2022

Most Popular

Ask for a pay rise – everyone else is
Inflation

Ask for a pay rise – everyone else is

As inflation bites and the labour market remains tight, many of the nation's employees are asking for a pay rise. Merryn Somerset Webb explains why yo…
17 Jan 2022
Temple Bar’s Ian Lance and Nick Purves: the essence of value investing
Investment strategy

Temple Bar’s Ian Lance and Nick Purves: the essence of value investing

Ian Lance and Nick Purves of the Temple Bar investment trust explain the essence of “value investing” – buying something for less than its intrinsic v…
14 Jan 2022
Interest rates might rise faster than expected – what does that mean for your money?
Global Economy

Interest rates might rise faster than expected – what does that mean for your money?

The idea that the US Federal Reserve could raise interest rates much earlier than anticipated has upset the markets. John Stepek explains why, and wha…
6 Jan 2022