Precision Therapeutics’ Skyline Medical Division Captures Market Share in Saudi Arabia Via New Orders While Disposable Sales Show Significant Year-Over-Year Increase
PRECISION THERAPEUTICS INC COMMON (AIPT)
US:NASDAQ Investor Relations:
investors.skylinemedical.com/investor-relations
Company Research
Source: GlobeNewswire
MINNEAPOLIS, March 05, 2019 (GLOBE NEWSWIRE) -- Precision Therapeutics Inc. (NASDAQ: AIPT) (“Precision” or “the Company”) today announced that its Skyline Medical division, has entered the African continent, further expanding the company’s global presence through the sale of four STREAMWAY® units by its Saudi Arabian distributor, Sesneber International. The Saudi Arabian medical device market is estimated to be $2.25 billion during 2017, with Reuters predicting this market to exceed $3.8 billion by 2023. This sale is a direct result from inquiries developed during the 44th Annual Arab Health Conference in January. Skyline’s goal is to get the STREAMWAY incorporated in Saudi Vision 2030 helping to develop Saudi Arabia’s healthcare infrastructure. As further evidence of our robust growth, Skyline has generated a 38 percent increase in disposable sales year-over-year from 2017 to 2018. In addition, January 2019 disposable sales increased 22 percent compared to the same period in 201
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