Viking Systems, Inc. (VKNG.OB) Launches New 3D Technology, Inks Strategic Distribution Partnerships

QualityStocks would like to highlight Viking Systems (OTCBB: VKNG), a global developer and marketer of 2K and 3D invasive surgery applicable solutions.

In the company’s news yesterday,

Viking Systems announced the launch of its Next Generation 3DHD Visualization System, as well as several new distribution partnership agreements for the new system.

The company unveiled its technology earlier this week at the American College of Surgeons Clinical Congress (ACS) in Washington, D.C., where the company said it received positive response and reaction from the numerous attendees that participated in hands-on demonstrations of the new system. Viking Systems reported that it received more than 500 requests from potential purchasers interested in follow-up information and possible demonstrations at their hospitals.

“The overwhelming response to our Next Generation System was very gratifying. Surgeon after surgeon praised the product and quickly identified the potential benefits to their surgical procedures in using this system,” Jed Kennedy, Viking Systems’ president and CEO stated in the press release.

Viking Systems also noted it has entered into distribution agreements for the Next Generation 3DHD system with Surgioscopy, Cunningham Woodland Inc. and American Surgical Inc. to cover specific territories within the United States through 35 sales representatives in 31 states. The company said it plans to complete distribution coverage in the U.S. in the coming months.

Viking Systems also entered into a sales distribution agreement with Guangdong Medical Equipment Industrial Company, in which a sales force of about 500 sales representatives and 18 territory managers will cover territories in the People’s Republic of China. Chinese regulations require registration of the new 3DHD system before the product can be sold in that market, and Viking Systems said it plans to work on the registration, which usually last more than one year.

Additionally, the company has signed distribution agreements for the Next Generation 3DHD system with distribution partners covering Italy, France, Korea and Turkey.

“We are extraordinarily pleased with the quality of the distributors we have partnered with in this first phase of our distribution strategy and with the distributors’ significant financial commitments to purchase demonstration equipment in order to assure success in their markets,” Kennedy stated. “Clinical demonstrations in the OR are a key step in the sales process of surgical video systems and our distributor network will be well equipped to successfully demonstrate Viking’s 3DHD Surgical Vision System resulting in system sales.”

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