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Uscom (ASX:UCM) appoints Ng Jih Nang as SE Asian Distribution and BD Manager

ASX News, Health Care
ASX:UCM      MCAP $6.604M
27 June 2022 10:57 (AEST)

Source: Uscom/YouTube

Uscom (UCM) has appointed Ng Jih Nang as the South East Asian Distribution and Business Development (BD) Manager.

Mr Ng is an experienced medical distributor and business manager with over 20 years of Asian medical technology sales and BD experience with companies like GE and Philips.

The appointment is said to be a cornerstone development for Uscom in the fastest growing regional economies of the world.

It is also part of the company’s strategic global expanded distribution as new products are developed via the recent Foxconn partnership in Beijing for international markets.

Executive Chairman Professor Rob Philips said Mr Ng’s appointment marked the company’s consolidation of its Asia and ASEAN distribution after establishing a regional headquarters (HQ) in Singapore.

“Mr Ng’s targets are simply to increase regional sales; he will drive results from our current distributors, identify and partner with new distributors of scale, and expand Uscom sales into regions which as yet are untouched,” he said.

“It will be great to have a local familiar with the culture and languages of the different SE
Asian markets, and we look forward to Mr Ng rapidly growing our SE Asian revenues.

“The listing of USCOM, BP+ and SpiroSonic on SMDR will allow Mr Ng to begin sales in Singapore, as regional registrations continue for all products across all SE Asian jurisdictions.”

While global markets may be unpredictable in their recovery, more distributors and more products and tighter management will allow Uscom to build sales revenue even if some regional economies remain anaemic, the company said.

Mr Ng will be employed through Uscom’s new Singapore Regional HQ.

The Singapore Medical Device Register (SMDR) listed the USCOM 1A, BP+ and SpiroSonic devices for sale in Singapore under the supervision of the Singapore Health Sciences Authority.

Shares in Uscom held steady at six cents as of 11:07 am AEST.

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