CardioMag announces new distributor

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CardioMag Imaging Inc. (CMI) of Schenectady, N.Y., has inked a multi-year distribution agreement with medical equipment company Shenzhen Zhiheng Advanced Electrical Technology Co. of Shenzhen, China.
Concurrent with the agreement, Shenzhen Zhiheng Advanced Electrical Technology will immediately begin distributing CMI's magnetocardiography (MCG) units. The Chinese company said it expects to initially introduce CardioMag's systems into approximately 20,000 hospitals across the country. Deliveries of its non-invasive cardiac diagnostic system are expected to exceed $30 million over three years.