Inspira™ Technologies Signs Strategic Agreement to Enter Gulf States

 The agreement to potentially provide Inspira Technologies with $32.6 million over a 5-year period, subject to regulatory approvals

 Inspira Technologies OXY B.H.N Ltd. (Nasdaq: IINN) (Nasdaq: IINNW) (the "Company" or "Inspira Technologies"), a pioneer in life support technology with a vision to supersede traditional mechanical ventilators, today announced its summary distribution agreement (the "Agreement") with Glo-Med Networks, Inc. ("Glo-Med"), a U.S. company with a regional office in Jeddah, Saudi Arabia. Under the Agreement, Glo-Med shall be designated as the Company's distributor in Saudi Arabia, United Arab Emirates and Bahrain (the "Territory"). We believe that Saudi Arabia's dual strategy to invest $65 billion and further privatize its healthcare sector, or Vision 2030, signals that the Territory is a burgeoning market for medical innovation. The summary distribution agreement will be followed by a more comprehensive agreement.

Under the Agreement, Glo-Med shall undertake the role of Territory wholesale distributor, involving the promotion, marketing and sale of the INSPIRA™ ART500 Device, the INSPIRA ART500 Disposable Kit, the INSPIRA™ ART100 Device and the INSPIRA ART100 Disposable Kit (the "Devices"), to approved customers in the Territory.

https://www.prnewswire.com/news-releases/inspira-technologies-signs-strategic-agreement-to-enter-gulf-states-with-glo-med-for-deployment-of-531-inspira-art-devices-302047961.html