Dehaier Awarded $1.32 Million Procurement Contract to Supply Medical Devices to Hospital 301 in Beijing

Dehaier Medical Systems Ltd. DHRM today announced that it has signed a medical equipment supply agreement with Hospital 301, which is located in Beijing, China. The contract is valued at $1.32 million, and Dehaier expects to recognize all revenues from the contract in 2011. Dehaier cooperated with German-based Leica Microsystems and U.S.-based ABI Medical to win the bid to distribute medical devices under the Hospital 301 procurement contract. Under the agreement Dehaier will provide the Hospital 301 with a Small Animal In-vivo Imaging System and two sets Laser Capture Microdissection Systems (LCM), both of which are manufactured by Leica, and DNA sequencers manufactured by ABI.