Clever Culture Systems (CCS), has appointed Thermo Fisher as exclusive distributor for the APAS® Independence in Europe. The appointment expands the existing distribution agreement for the APAS® Independence in the United States to include countries within both Western and Eastern Europe. The agreement includes sales and marketing activities as well as providing installation, maintenance and support services to customers in Europe.

Key Points: Expands market size for APAS® Independence to 35 countries in Europe and the United States. CCS has signed a distribution agreement with Thermo Fisher to improve market traction in Europe. Existing European Marketing Agent Agreement with Beckman Coulter terminated by mutual agreement.

Active sales opportunities unrestricted and to be transferred to Thermo Fisher. CCS expect the distribution agreement to improve the existing commercial go-to-market operations for APAS® Independence in the region. The Company has worked with Beckman Coulter Inc. (Beckman Coulter) as its European Marketing Agent since July 2020.

Under this arrangement, Beckman Coulter provided marketing and lead generation services promoting the APAS® Independence in Germany, United Kingdom and France. All active sales opportunities are owned by CCS, without restriction, and will be transferred to Thermo Fisher as part of the transition. On the ground support will be provided by CCS's European based sales executive, with a transition and product launch expected to be completed in the first quarter of 2023.

The appointment of Thermo Fisher as exclusive distributor in Europe has required changing existing commercial arrangements within the region. As a result, CCS and Beckman Coulter has come to mutual agreement to terminate the existing European Marketing Agent Agreement. This is not expected to adversely impact existing sales opportunities progressed under this agreement.

Technical service and installation has been provided through a Service and Support Agreement between CCS and oneservice AG (oneservice). A transition plan is being worked on to ensure support is provided to current and future customers who adopt APAS® Independence.