BSD Medical Signs Exclusive Distribution Agreement with CyberKnife Korea for Distribution of BSD's Hyperthermia Systems in South Korea

BSD Medical Corporation BSDM announced today that the Company has signed an exclusive agreement with CyberKnife Korea (CKK) for the sale and distribution of BSD's hyperthermia products in South Korea. CKK is a premier distributor of sophisticated medical devices in South Korea and represents a number of major medical device companies. CKK is a leading distributor of oncology products in South Korea and has established strong relationships with radiation oncologists throughout the country. As part of the agreement, CKK is required to purchase a minimum number of hyperthermia systems from BSD each year. BSD will initially focus on the regulatory approval for and distribution of the BSD-500 Hyperthermia System and then expand distribution to include the BSD-2000 Hyperthermia System. South Korea ranks as one of the world's leading economies, with a population of 61 million and overall GDP among the top 15 in the world. As a result, much of the population expects a high level of medical care. The South Korea medical equipment market is focused on high-end, innovative technology with a strong reliance on imported products. The 2010 oncology market in South Korea was approximately US $840 million.