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Inspira Secures $27 Million Government Binding Purchase Order for ART100 Systems with Full Payment in 2025
Globenewswireยท 2025-08-19 12:30
Core Insights - Inspira Technologies has secured a $27 million binding purchase order from a national ministry of health in Africa for its FDA-cleared ART100 systems, marking a significant step in its commercial strategy [1][3] - The total secured binding purchase orders for 2025 now amount to $49.5 million, indicating strong momentum and commitment from the Ministry of Health [3] Company Overview - Inspira Technologies specializes in advanced respiratory support and real-time blood monitoring solutions, with its ART100 system approved for cardiopulmonary bypass in the U.S. and ECMO procedures outside the U.S. [4] - The company is also developing the next-generation INSPIRA ART500 system and the HYLA blood sensor platform, positioning itself as a key player in the life-support and MedTech landscape [4] Financial Implications - The purchase order is structured for full contractual payment to be completed during 2025, which is expected to accelerate revenue for the company [2] - Deliveries under the nationwide roll-out schedule are anticipated to continue throughout 2025, further enhancing the company's revenue prospects [3][2]