This agreement will have a significant impact on aap's revenues and profits starting in the second half of 2005. According to current market conditions the annual revenue volume for aap during the minimum five-year-term of the contract will exceed Euro two million.
Since October 2004 aap Implantate AG is a member of the German Healthcare Export Group. The German MedTec company is active in the fields of orthopaedics, bone cement, cementing techniques and biomaterials and is listed in the Prime Standard segment of the Frankfurt stock exchange. In the fiscal year 2004 the aap group of companies has achieved total sales of Euro 11.5 million.
Source: aap Implantate / German Healthcare Export Group e.V.