Remedent and Den-Mat Holdings have signed an exclusive North American distribution agreement for Remedent's new FirstFit technology, the companies announced.
FirstFit is a patent-pending system for the creation and placement of dental bridges and crowns. The FirstFit system requires no temporary placements, creates less mouth trauma, and takes fewer office visits to complete, according to Remedent.
"This agreement builds upon our partnership, which began with Lumineers, and will significantly expand our presence in the North American professional dental market," said Guy De Vreese, CEO of Remedent.
The terms of the agreement grant Den-Mat an exclusive right to market, license, and sell FirstFit products in the U.S., Canada, and Mexico in consideration for a nonrefundable $400,000 development fee and a nonrefundable $600,000 license fee payable to Remedent in installments, as well as certain royalty payments based on the sales of the FirstFit products by Den-Mat (or its sublicensees) and certain minimum royalty payments to maintain its exclusivity under the agreement.
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