The Facts While I'm not posting to disagree with some of the sentiment expressed concerning this latest NR on Venowave (it's pretty vague) ....let's try to avoid too much hysterical response to an NR without the numbers when some of the numbers are available.
The following is a paragraph from the April NR dealing with this:
"As previously announced on December 16, 2021 the initial order consists of 2,500 units, each unit consists of 2 Venowave devices, of which 500 units have been shipped by air, with the balance being shipped by sea."
The following is part of a paragraph from today:
"...is pleased to announce that the initial order of its updated Venowave product has been sold to customers in the US by our exclusive distributor, DME Authority. Therma Bright is pleased to announce it has received payment towards this initial order."
When Venowave first went on the market years ago it was selling for almost $500 per unit. As the distributor, DME Authority is presumably buying the units from THRM at a wholesale price ...$200 to $400??? This would suggest THRM got/will get $500,000 to $1,000,000 on this order???
Venowave is unique because it is one of the few, if not the only one, of these devices that can be used while walking.
GLTE!!!
https://leaderpost.com/life/new-canadian-made-portable-device-to-treat-circulatory-problems