Hydrix signs $2.3m contract with European medical technology company

Posted: 28 May 2024

Hydrix Limited (Hydrix or the Company) (ASX: HYD) is pleased to announce its wholly-owned subsidiary Hydrix Services has entered into a $2.3m contract with leading European medical company Paul Hartmann AG (Hartmann) (Contract).

Under the Contract, which commences immediately, Hydrix will provide product development services to Hartmann. The Contract represents the second stage of works that Hydrix will undertake for Hartmann, as part of a multi-stage medical product development program. Hydrix estimates that the stage of works under this Contract will be completed by the end of the 2024 calendar year.

Executive Chairman Gavin Coote commented: “We are very pleased to partner with such a high-quality company like Hartmann. Winning important projects with leading international medical technology companies demonstrates meaningful progress of Hydrix’s expansion overseas.”

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