Title | Tentech signs a $10 million contract with Taiwan's Grand Medical for 10TRIPLE over two years | ||
The contract is valued at approximately 15 billion KRW (about $10 million USD) over two years, and it is anticipated that this will be easily achievable given Grand Medical's sales strength and the excellent competitiveness of 10TRIPLE. The company has shown confidence in dominating the Taiwanese HIFU market by paying a deposit ahead of receiving regulatory approval for exclusive rights. A Tentech representative stated that 10TRIPLE, which features four handpieces—three lines, three dots and one dot—will significantly reduce treatment time while enhancing patient satisfaction. The company aims to sell over 1,000 units domestically and expects to sell more than 3,000 units starting in 2026 once regulatory approvals in major overseas markets are completed. Additionally, the monopolar radiofrequency device, 10THERMA, has surpassed 800 units sold, and it is anticipated that over 1,000 units will be sold in markets including Korea, Taiwan, Southeast Asia, the United States, India, and Brazil by 2025. Tentech specializes in manufacturing lifting medical devices and plans to prominently showcase Korean technology in the global HIFU and monopolar RF markets. |
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Hits | # 45 | Date | 2024.11.05 |