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ots Ad hoc-Service: aap Implantate AG <DE0005066609> aap Implantate AG signs sales agreement with Exactech

Berlin (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
The Berlin-based aap Implantate AG,
a company in the field of biomedical engineering, listed on the Neuer
Markt segment of the Frankfurt stock market and aap Implants Inc.,
the company's U.S. subsidiary, has signed an agreement with the
Nasdaq-listed Exactech Inc. for the exclusive distribution rights to
aap Implantate products in the United States.
Gainesville, Florida, based Exactech Inc. develops and markets
orthopaedic implants and instruments for knees and hips, plus
biological implants and the corresponding equipment. Turnover in 1999
totalled US$ 33 million. Exactech currently serves the U.S. market
with a field sales staff of 146. The company contracts with
independent sales agents to market its products in the United States
and in 13 countries in Europe, Asia, Australia and Latin America.
For aap Implantate AG this sales cooperation covers the entire
U.S. market. In future, aap fracture healing products will be sold in
the U.S. exclusively by Exactech. They include the APS system for
healing femoral neck fractures, the innovative cannulated screw
system for standard osteosynthesis and the Biorigid Nail Tibia system
for regenerating fractures of the lower leg.
aap expects this sales cooperation to lead to a substantially
faster market penetration in view of Exactech's large field sales
organization and to significant product synergy. Exactech's
endoprosthetics line is seen by aap's management as a "superb" match
for aap trauma products. Moreover, aap's own marketing strategy,
according to its management, can be controlled more effectively with
such an exclusive U.S. sales partner. Already in the course of this
year aap expects a significant increase in turnover on the U.S.
market by means of this sales cooperation.
All existing sales agreements for the U.S. market were terminated
in good time.
If you have any queries, please contact: aap Implantate AG Bruke
Seyoum Alemu Member of the Board of Management Finance and
information Technology Lorenzweg 5 12099 Berlin Germany
Tel: +49 (0)30 / 750 19 - 170 Fax: +49 (0)30 / 750 19 - 111
End
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