BOZEN, Italy, July 13 /PRNewswire/ -- Health Robotics today announced that it has decided to complement its successful indirect channel strategies with direct investments in local infrastructure at a few territories where a couple of Health Robotics' distributors have been negatively affected by a number of factors, such as the global economic crisis, a distributor's litigation with investors, and some financial difficulties supporting our customers. Some of these new channel strategy decisions have followed a direct channel operation model, while others have taken the form of JV (joint venture) channel strategies.
As part of this new strategy, Health Robotics will shortly make a series of detailed announcements on steps it recently undertook, for instance entering direct operations in Germany with the execution of a contract with Charite-Universitatsmedizin Berlin; plans to establish JVs in North America and South East Asia; expanding its indirect channel partner line-up in Taiwan and Oceania; and if necessary, terminating for cause some of Health Robotics' indirect distribution agreements with companies that might be unwilling or unable to adequately support our customers.
"This key milestone to diversify and expand beyond our traditional
indirect channels demonstrates the company's maturity and its financial
stability in this global economic crisis, already proven with the recent
release of 2008 Financial Results. While Health Robotics continues to be
fully committed to its indirect channel partners, it has become necessary to
take this step in order to protect some of our customers' investments in
Health Robotics' technology and insulate our customers from the negative
effects that the economic crisis has had on some of our distributors and the
pending litigation between one of our distributors and its capital founders.
Without this swift intervention, some of these factors could potentially have
|SOURCE Health Robotics|
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