Singapore, Jan. 31 -- Inspira Technologies, a pioneer in life support technology with a vision to supersede traditional mechanical ventilators, has announced its summary distribution agreement with Glo-Med Networks, Inc., a US-based company with a regional office in Jeddah, Saudi Arabia.

Under the agreement, Glo-Med shall be designated as the company's distributor in Saudi Arabia, United Arab Emirates and Bahrain (Territory). We believe that Saudi Arabia's dual strategy to invest $65 billion and further privatise its healthcare sector, or Vision 2030, signals that the territory is a burgeoning market for medical innovation. The summary distribution agreement will be followed by a more comprehensive agreement.

Glo-Med shall undertake the...