LED Medical Diagnostics (TSX-V:LMD, StockForum), a Burnaby, BC-based company overseeing the manufacture of oral cancer screening systems, announced today that the company's wholly-owned subsidiary, LED Dental, had signed a non-exclusive US distribution deal with Benco Dental for LED's VELscope(R) Vx Enhanced Oral Assessment System.
Benco Dentalis, founded in 1830, is based in Northeastern Pennsylvania and is the largest privately-owned dental company in the United States.
According to the news release, “Over the past decade, Benco has been the nation's fastest growing dental distributor, now servicing more than 35,000 dentists and dental laboratories.”
Chuck Cohen, Benco Dental Managing Director, commented, “LED Dental has established itself as the market leader for tissue fluorescence visualization in the dental industry and the VELscope(R) Vx system has proven itself as the top adjunctive device available for the early discovery of a wide range oral abnormalities including oral cancer.”
LED Medical Diagnostics CEO, Dr. David Gane stated, “We are pleased to partner with Benco for distribution in the United States.”
Dr. Gane summed up, “We are excited about the opportunity to work together, maximizing the significant sales potential for the VELscope® Vx product line through its extensive network.”
LED Medical was in the news recently when the company announced another US distribution deal with Burkhart Dental Supply.
Shares climbed 10.81% on the news to $0.41 per share.
Presently there are 72,996,008 outstanding shares with a market cap of $29.93 million.