The other deals with expanded industrial cooperation between the companies. Both agreements have a term of five years and contain provisions for guaranteed minimum compensation totaling USD 32 million. Mobimed Marketing and sales efforts have resulted in several large orders. Discussions are in progress with an additional 14 ambulance organizations. Installation is under way of existing orders for a total of 80 patient units and 14 hospital units, including the orders from Great Britain, which means that most of these orders will result in revenue during the year.
Discussions are in progress with several hospital administrations in Sweden, Norway and Finland.
Ortivus UK is also in discussions for additional orders. Ortivus US Inc. is conducting discussions with customers in North America. Experience is highly positive from all reference facilities, which is also the basis for orders received. A new generation of Mobimed is being prepared for production and rollout of the system will take place this coming summer. The system is based on Windows 2000, which makes it more suitable for a broader rollout in the European market via distributors.