News: Safety Medical Products inks agreement with Capitol Health for clinical services

Safety Medical Products’ (ASX:SFP) decision to acquire 3D Medical Limited has been validated with the latter reaching an exclusive Service Level Agreement with Capitol Health (ASX:CAJ) to provide 3D printing services.

This will provide immediate revenue generation and offers commercial upside when its services are implemented Australia-wide.

Capitol is a $220 million market cap that provides medical diagnostic imaging services.

3D Medical will provide 3D printing services to Capitol for the printing of patient specific anatomical models that serve as visual and functional aides in the diagnostic and patient treatment process.

This is expected to begin within weeks with first revenues expected to follow shortly.

3D-printed, patient specific anatomical models are expected to form a critical part of medical best practice protocols.

Safety Medical is acquiring unlisted 3D Medical for 100,000 cash, 1,793,750,000 SFP shares, 500,000,000 Consideration Options exercisable at $0.003 and expiring 18 months after Completion; and 375,000,000 Consideration Options, exercisable at $0.004 and expiring 24 months after Completion.

3D Medical is focussed on the commercialisation and integration of 3D printing and holographic projection technology into the Australian medical industry.

The application of these two technologies in the field of medicine has the potential to revolutionise patient treatment and care, by providing healthcare professionals with more meaningful information and greater insight into the complexities of patient anatomy.