DOBI Medical International signs deal in India

DOBI Medical International, Inc. Tuesday announced it has signed an agreement with United Telecoms Limited (UTL) of Bangalore, India, for the marketing, sale and service of DOBI Medical's ComfortScan(TM) system in the domestic Indian market. UTL is a diversified conglomerate with interests in telecom products and networking, telemedicine, and banking. The ComfortScan system is a non-invasive, non-ionizing, and gentle dynamic optical imaging system designed to assist physicians in the detection and management of breast cancer.

The agreement calls for UTL to purchase 40 ComfortScan systems over the next 18 months with an initial purchase order of six systems to occur in the third quarter of 2004, subject to the receipt of a non-refundable deposit, the completion of an initial clinical trial, and the issuance of UTL purchase orders. The companies are planning further collaboration in the future that may include local manufacturing and other business elements.

"It is strategically important to have UTL as a business partner in India because of their excellent domestic reputation and expertise. Breast cancer is a significant and growing medical issue in India and we believe that the ComfortScan imaging system is an important tool to assess the suspected malignancy of identified lesions in the breast" Denis O'Connor, Senior Vice president of Sales & Marketing stated. "Our ComfortScan system is now ready for its international commercial launch and we have increasing interest within a number of countries for this product. The agreement with UTL represents a major step forward for DOBI Medical in the international arena."

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