WORK Medical Technology Group LTD’s Subsidiary, Hangzhou Shanyou, Showcases Products at MEDICA Trade Fair 2024
WORK Medical Technology Group (Nasdaq: WOK) announced its subsidiary Hangzhou Shanyou's participation in MEDICA Trade Fair 2024 in Düsseldorf, Germany, from November 11-14. The event, featuring 5,800 exhibitors from 72 countries, provided a platform to showcase their flagship products including non-inflatable laryngeal masks, breathing circuits, and endotracheal tubes. The company aims to enhance its global brand visibility and compete in low- and medium-value medical devices sectors. CEO Shuang Wu emphasized the event's importance in driving international expansion and securing global orders.
WORK Medical Technology Group (Nasdaq: WOK) ha annunciato la partecipazione della sua sussidiaria Hangzhou Shanyou alla Fiera del Commercio MEDICA 2024 a Düsseldorf, Germania, dal 11 al 14 novembre. L'evento, che presenta 5.800 espositori provenienti da 72 paesi, offre una piattaforma per mostrare i loro prodotti di punta, tra cui maschere laringee non gonfiabili, circuiti di respirazione e tubi endotracheali. L'azienda mira a migliorare la propria visibilità del marchio a livello globale e a competere nei settori dei dispositivi medici a basso e medio valore. Il CEO Shuang Wu ha sottolineato l'importanza dell'evento per guidare l'espansione internazionale e ottenere ordini globali.
WORK Medical Technology Group (Nasdaq: WOK) anunció la participación de su filial Hangzhou Shanyou en la Feria Comercial MEDICA 2024 en Düsseldorf, Alemania, del 11 al 14 de noviembre. El evento, que contará con 5,800 expositores de 72 países, proporcionará una plataforma para exhibir sus productos insignia, incluidos mascarillas laríngeas no inflables, circuitos de respiración y tubos endotraqueales. La empresa busca aumentar la visibilidad de su marca a nivel global y competir en los sectores de dispositivos médicos de bajo y medio valor. El CEO Shuang Wu enfatizó la importancia del evento para impulsar la expansión internacional y asegurar pedidos globales.
WORK Medical Technology Group (Nasdaq: WOK)는 독일 뮌헨에서 11월 11일부터 14일까지 열리는 MEDICA Trade Fair 2024에 자회사인 항저우 샨유의 참가를 발표했습니다. 72개국에서 5,800개의 전시업체가 참여하는 이 행사에서는 비부풀림 후두 마스크, 호흡 회로 및 기관 내 튜브 등 대표 제품을 선보이는 기회를 제공합니다. 회사는 글로벌 브랜드 인지도를 높이고 저가 및 중가 의료기기 분야에서 경쟁할 계획입니다. CEO인 슈앙 우(Shuang Wu)는 이번 행사가 국제적으로 확장하고 글로벌 주문을 확보하는 데 중요한 역할을 한다고 강조했습니다.
WORK Medical Technology Group (Nasdaq: WOK) a annoncé la participation de sa filiale Hangzhou Shanyou à la Foire Commerciale MEDICA 2024 à Düsseldorf, en Allemagne, du 11 au 14 novembre. L'événement, regroupant 5 800 exposants de 72 pays, offre une plateforme pour présenter leurs produits phares, notamment des masques laryngés non gonflables, des circuits de respiration et des tubes endotrachéaux. L'entreprise vise à améliorer la visibilité de sa marque à l'échelle mondiale et à rivaliser dans les secteurs des dispositifs médicaux à faible et moyen coût. Le PDG Shuang Wu a souligné l'importance de l'événement pour favoriser l'expansion internationale et sécuriser des commandes mondiales.
WORK Medical Technology Group (Nasdaq: WOK) hat die Teilnahme ihrer Tochtergesellschaft Hangzhou Shanyou an der MEDICA Fachmesse 2024 in Düsseldorf, Deutschland, vom 11. bis 14. November angekündigt. Die Veranstaltung, die 5.800 Aussteller aus 72 Ländern präsentiert, bietet eine Plattform zur Präsentation ihrer Hauptprodukte, einschließlich nicht aufblasbarer Larynxmasken, Beatmungsgeräte und Endotrachealtuben. Das Unternehmen strebt an, die globale Markenpräsenz zu erhöhen und im Bereich der kostengünstigen und mittelpreisigen Medizinprodukte wettbewerbsfähig zu sein. CEO Shuang Wu betonte die Bedeutung der Veranstaltung für die internationale Expansion und die Sicherung globaler Aufträge.
- Strategic expansion into international markets through major trade fair participation
- Potential for new global customer acquisition and market penetration
- Leveraging 20+ years of industry expertise for international growth
- None.
Insights
The participation in MEDICA, while a standard industry event, offers immediate market impact for WOK. Despite the company's ambitions to expand globally, the announcement lacks concrete business outcomes like signed contracts, sales figures, or specific customer commitments. The event's main products showcased - laryngeal masks, breathing circuits and endotracheal tubes - compete in a saturated market with established players.
With a relatively small market cap of
Hangzhou, China, Nov. 27, 2024 (GLOBE NEWSWIRE) -- WORK Medical Technology Group LTD (Nasdaq: WOK) (“WORK Medical” or the “Company”), a supplier of medical devices in China, today announced that its subsidiary, Hangzhou Shanyou Medical Equipment Co., Ltd. (“Hangzhou Shanyou”), participated in the MEDICA Trade Fair 2024 (the “Event”), held in Düsseldorf, Germany, from November 11 to November 14, 2024. The Event provided a platform through which Hangzhou Shanyou’s products could garner interest and attention from international customers. This milestone underscores WORK Medical’s strategic commitment to enhancing its global brand visibility and competing internationally in the low- and medium-value medical devices and consumables sectors.
The Event invites participants from the fields of business, research, and politics. The Event attracted 5,800 exhibiting companies from 72 countries around the world. In addition, the professional forums and conferences have become an integral part of the Event, which also includes special shows on a variety of medical-technological topics.
During the Event, Hangzhou Shanyou showcased a range of its flagship products, including its non-inflatable laryngeal mask, breathing circuits, and endotracheal tubes. These offerings demonstrated WORK Medical’s technological advancements, built on over 20 years of expertise in the medical device industry. The Event provided Hangzhou Shanyou with an opportunity to attract interest from potential global customers while gaining valuable insights into their specific needs. The Company expects that these insights will guide the ongoing refinement of its product portfolio and may steer its R&D efforts, to assist in aligning its global expansion strategies with the evolving demands of the medical device industry.
Mr. Shuang Wu, Chairman and CEO of WORK Medical, commented, “As we explore global opportunities to drive expansion and long-term success, the Event serves as an excellent platform to showcase our products, enhance our brand image, and engage with international peers to exchange insights on industry trends, technologies, and innovations. Looking ahead, we are committed to accelerating our internationalization, as we seek to secure more global orders and deliver enhanced value to our shareholders by leveraging our production and scale advantages.”
About WORK Medical Technology Group LTD
WORK Medical Technology Group LTD is a supplier of medical devices that develops and manufactures Class I and II medical devices and sells Class I and II disposable medical devices through operating subsidiaries in China. The Company has a diverse product portfolio comprising 21 products, including customized and multifunctional masks and other medical consumables. All the products have been sold in 34 provincial-level administrative regions in China, with 15 of them sold in more than 30 countries worldwide. The Company has received a number of quality-related manufacturing designations and has registered 17 products with the U.S. Food and Drug Administration allowing their products to enter the U.S. market. For more information, please visit the Company’s website: https://www.workmedtech.com/corporate.
Forward-Looking Statements
This press release contains forward-looking statements, including statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “aims,” “anticipates,” “believes,” “could,” “estimates,” “expects,” “forecasts,” “goal,” “intends,” “may,” “plans,” “possible,” “potential,” “seeks,” “will,” and variations of these words or similar expressions that are intended to identify forward-looking statements. Any such statements in this press release that are not statements of historical fact may be deemed to be forward-looking statements.
Any forward-looking statements in this press release are based on the Company’s current expectations, estimates and projections only as of the date of this release and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results set forth in the Company’s registration statement on Form F-1 and other documents filed by the Company with the U.S. Securities and Exchange Commission. The Company explicitly disclaims any obligation to update any forward-looking statements except to the extent required by law.
For more information, please contact:
WORK Medical Technology Group LTD
Investor Relations Department
Email: ir@workmedtech.com
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
FAQ
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