Oventus Medical Ltd. announced that it has entered into a world-wide distribution agreement with Hong Kong based Modern Dental Group. This is in addition to the recent announcement of the co-manufacturing agreement between Oventus and Modern Dental. Global agreement for distribution of the Oventus proprietary O2Vent product range -exclusive for the USA and non-exclusive for the rest-of-the-world.

Modern Dental recently acquired Microdental - one of the large dental laboratories in the United States. Microdental covers one quarter of local dentists (approximately 34,000 dental offices). In Europe, they are number one, two or three in all major European countries by market share.

This agreement is a key milestone for Oventus as it scales up its global rollout plans and follows the company's recent announcement regarding the co-manufacturing agreement with Modern Dental. The distribution agreement executed between Oventus and Modern Dental relates to Oventus' proprietary O2Vent(TM) products that are delivered through the dental channel and are indicated for use during sleep to aid in the treatment of snoring and obstructive sleep apnoea (OSA). The agreement between the two parties, details terms around pricing, volumes and regions.

The agreement is exclusive for the USA and non-exclusive in other regions including Australia.