Salona Global Medical Device Corporation Announces Signing of US Distribution Agreement with K-Laser; Adds a seasoned communications leader to enhance shareholder communications and digital strategies

SAN DIEGO, May 03, 2022 (GLOBE NEWSWIRE) — Salona Global Medical Device Corporation (“Salona Global”, “SGMD” or the “Company”) (TSXV: SGMD), an acquisition-driven medical device company serving the worldwide market for injury recovery and surgery (known as the science of recovery), announces a further expansion of its Mio-Guard® product line with the K-Laser® Technology product suite.

Starting today, Salona Global will begin marketing and selling the products, developed by Italy-based Eltech K-Laser srl, through SGMD’s Mio-Guard channel in the United States on May 3, 2022. The products will will sell for five to five years. numbers based on clinical and device needs should improve SGMD’s overall gross margins, which were reported last quarter at just over 30%.

According to K-Laser®, the FDA-approved high-intensity therapeutic laser is used in clinics around the world and designed to improve muscle function, decrease muscle fatigue, and reduce stress after physical activity. One of the products, the Cube Plus 30, offers software updates via Wi-Fi and a chip. United States warranty and service for products, including the Cube 4 and Cube Plus 30 devices, will be handled by SGMD’s subsidiary, South Dakota Partners, Inc.

“We are proud to have K-Laser technology as the next suite of products we are launching through the Mio-Guard channel, bringing further momentum to our newly listed and growing company,” said Les Cross, President and Acting CEO of SGMD. “We are focused on expanding our sales distribution footprint with exciting high-margin products. We believe this line of laser products has competitive advantages that will set us apart with our growing customer base. We expect sales of these high-priced products to impact our finances as early as next quarter, both in terms of unit sales and service and warranty revenue.

Additionally, the company has hired Mr. Jethro Rothe-Kushel into the team. Mr. Rothe-Kushel, a seasoned media and communications executive who served as Vice President of the Producers Guild of America and Director of Communications for Los Angeles County, will be responsible for media and digital strategies for the company, including including communications with shareholders. The company plans to publish a regular newsletter accessible to shareholders and highlight additional information about the company to capital market participants.

“I am delighted to welcome Jethro to the team,” said Mr. Cross. “His vast experience in the media industry will enhance our communications with clients and shareholders.”

“We remain focused on our multi-pronged approach to growth,” continued Mr. Cross. “We have an active acquisition pipeline and we continue to work to increase our product lines through distribution agreements, acquisition or licensing of product intellectual property and development of several products in our Simbex Innovation Center to market. Our objective continues to be quarter-over-quarter growth with increased gross margins. »

The global medical laser market size is expected to reach over US$14.23 billion by 2029, according to Fortune Business Insights.

More information is available for investors at

For more information please contact:

The crosses
Chairman of the Board of Directors and Interim Chief Executive Officer
Tel: 1 (800) 760-6826

Further information
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