QT Imaging Holdings, Inc. has entered into an exclusive distribution agreement with Gulf Medical Co. in Saudi Arabia.
The agreement entails shipments of five scanners per quarter, starting in Q1'26, generating approximately $33 million in revenue over three years.
The QTI Breast Acoustic CT™ scanner, a non-invasive breast imaging technology, will be distributed exclusively by Gulf Medical Co. in the Territory.
Exclusive Distribution Agreement
Gulf Medical Co. will distribute QTI Breast Acoustic CT™ scanners and user subscriptions to the QTI Cloud Platform in Saudi Arabia.
Revenue Projection
The agreement stipulates minimum orders of five scanners per quarter, totaling over $33 million in revenue from 2026 to 2028.
Breast Cancer Solution
QTI's imaging technology addresses the prevalence of BRCA mutations among Saudi Arabian women, with a focus on early detection for women aged 40 to 59.
- The strategic agreement with Gulf Medical Co. opens new market opportunities for QT Imaging Holdings, Inc. in the Saudi Arabian healthcare sector.
- The technology's ability to provide comprehensive and safe breast imaging solutions aligns with the region's critical need for advanced screening and diagnosis methods.
The partnership with Gulf Medical Co. signifies a significant milestone for QT Imaging Holdings, Inc. as it expands its presence in Saudi Arabia's healthcare market, offering innovative solutions for breast health.