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Compumedics takes step to meeting sales goal

Compumedics takes step to meeting sales goal

Compumedics (ASX:CMP) has received a large order from China, as it pursues its goal of tripling sales in its key target markets

Compumedics (ASX:CMP) has announced it has made progress towards its goal of up to tripling sales in its key target markets.

The company, which develops and commercialises computre-based patient monitoring and diagnostic systems, received an order worth $760,000 from its distributor to North China, Bestmed Tech.

The order, covering the company's latest sleep and EEG diagnostic equipment, represents a year-on-year growth of 33%, Compumedics said in a market update.

Bestmed has been a Compumedics distributor for 10 years, and the relationship has so far generated over $5 million in business from China.

The company views China as a unique emerging market opportunity, given its size and proximity to Australia, the update stated.

Compumedics is headquartered in Melbourne ands has offices in the US and Europe. It claims a distribution network coving some 50 countries.

CMP shares stayed flat in Monday's trading at $0.095.

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