{"id":399683,"date":"2020-12-15T07:24:05","date_gmt":"2020-12-15T12:24:05","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=399683"},"modified":"2020-12-15T07:24:05","modified_gmt":"2020-12-15T12:24:05","slug":"bioelectronics-executes-distribution-agreement-with-kt-health-llc-for-north-american-retail-market","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bioelectronics-executes-distribution-agreement-with-kt-health-llc-for-north-american-retail-market\/","title":{"rendered":"BioElectronics Executes Distribution Agreement with KT Health, LLC for North American Retail Market"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"start\">FREDERICK, MD, Dec.  15, 2020  (GLOBE NEWSWIRE) &#8212; <u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=GFWXrbekkKk801oHlYIB_SRnp6lFsdmdD8b0XHc3Ekim7cmf82h0B99YrbXXuRVZaQekce3fAjRHS6n6DbFN1Qp8jfiuDOuBA9KhEUhprLk=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">via NewMediaWire<\/a>\u00a0<\/u>&#8212; BioElectronics Corporation (OTC PINK: BIEL), (www.bielcorp.com) is pleased to announce that it has executed an OEM agreement with KT Health, LLC to bring its innovative pain management devices to encompass retail and e-commerce distribution throughout North America, as well as several additional key international markets.<\/p>\n<p align=\"start\">The agreement incorporates BioElectronics\u2019 ActiPatch\u00ae technology into KT Health\u2019s KT Recovery+\u00ae product line, which will be marketed under the proprietary trade name KT Recovery+ Wave\u2122. KT Health will leverage BioElectronics\u2019 FDA 510(k) clearance to market, promote, and distribute the devices for the treatment of general musculoskeletal pain. As part of this agreement BioElectronics will cease active promotion of the brand name ActiPatch in North America. Existing channel partners in the USA will continue promoting the ActiPatch brand name, while BioElectronics will continue expanding its network of international distributors for ActiPatch.<\/p>\n<p align=\"start\">Keith Nalepka, VP Sales and Marketing for BioElectronics, said, \u201cThis is an amazing win for our Company. KT Recovery+ Wave\u2122 combines our drug-free pain relief technology with the brand power and adhesives expertise of the recognized leader in drug-free pain treatment and recovery. Consumers will be able to easily place the KT Recovery+ Wave\u2122 device anywhere on the body to treat musculoskeletal pain. We believe KT Health is an excellent match for our technology and can effectively leverage its large customer base that is already comfortable with wearables.\u201d<\/p>\n<p align=\"start\">Greg Venner, CEO of KT Health, commented, \u201cWe are extremely pleased to be partnering with BioElectronics on such an innovative and effective product. KT Recovery+ Wave\u2122 allows KT Health to broaden our drug-free pain relief options, expanding our product line into the chronic pain category. We look forward to a long and productive partnership with BioElectronics.\u201d<\/p>\n<p align=\"start\">\n        <b>About BioElectronics Corporation<\/b>\n      <\/p>\n<p align=\"start\">Headquartered in Frederick, Maryland, and founded in 2000, BioElectronics Corporation is the leading company in the field on non-invasive electroceutical medical devices. BioElectronics is the maker of disposable, drug-free, pain therapy devices: ActiPatch\u00ae Therapy, over-the-counter treatment for back pain and other musculoskeletal complaints; RecoveryRx\u00ae Therapy for postoperative pain and chronic wound care.<\/p>\n<p align=\"start\">\n        <b>About KT Health, LLC:<\/b>\n      <\/p>\n<p align=\"start\">Based in American Fork, Utah and founded in 2008, KT Health, LLC has revolutionized sports medicine with some of the most advanced drug-free pain relief and recovery products in the industry. KT Health\u2019s products have become the athlete&#8217;s choice for drug free pain relief and injury management. The Company currently designs, develops, and distributes a variety of kinesiology tape lines, including KT Tape\u00ae Original (cotton) and KT Tape\u00ae Pro\u2122 (synthetic), as well as a line of performance and recovery products. KT Health is the largest kinesiology tape manufacturer in the world, available in 42,000+ domestic retail locations and 40 countries. For more information, visit www.kttape.com.<\/p>\n<p align=\"start\">\n        <b>Forward Looking Statements<\/b>\n      <\/p>\n<p align=\"start\">Certain information set forth in this email contains \u201cforward-looking information\u201d, including \u201cfuture-oriented financial information\u201d and \u201cfinancial outlook\u201d, under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company\u2019s business, projects, and joint ventures; (iv) execution of the Company\u2019s vision and growth strategy, including with respect to future M&amp;A activity and global growth; (v) sources and availability of third-party financing for the Company\u2019s projects; (vi) completion of the Company\u2019s projects that are currently underway, in development or otherwise under consideration; (vii) renewal of the Company\u2019s current customer, supplier and other material agreements; and (viii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management\u2019s beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.<\/p>\n<p align=\"start\">These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.<\/p>\n<p align=\"start\">Although forward-looking statements contained in this email are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management\u2019s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.<\/p>\n<p align=\"start\">Contact:<\/p>\n<p align=\"start\">Paul Knopick<\/p>\n<p align=\"start\">pknopick@eandecommunications.com<\/p>\n<p align=\"start\">940.262.3584<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMjUwNyMzODgyMzAxIzUwMDAzMjE5Ng==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/fae615a4-4508-4da5-8765-9ddac50207a9\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>FREDERICK, MD, Dec. 15, 2020 (GLOBE NEWSWIRE) &#8212; via NewMediaWire\u00a0&#8212; BioElectronics Corporation (OTC PINK: BIEL), (www.bielcorp.com) is pleased to announce that it has executed an OEM agreement with KT Health, LLC to bring its innovative pain management devices to encompass retail and e-commerce distribution throughout North America, as well as several additional key international markets. The agreement incorporates BioElectronics\u2019 ActiPatch\u00ae technology into KT Health\u2019s KT Recovery+\u00ae product line, which will be marketed under the proprietary trade name KT Recovery+ Wave\u2122. KT Health will leverage BioElectronics\u2019 FDA 510(k) clearance to market, promote, and distribute the devices for the treatment of general musculoskeletal pain. As part of this agreement BioElectronics will cease active promotion of the brand name ActiPatch in North America. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bioelectronics-executes-distribution-agreement-with-kt-health-llc-for-north-american-retail-market\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;BioElectronics Executes Distribution Agreement with KT Health, LLC for North American Retail Market&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-399683","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BioElectronics Executes Distribution Agreement with KT Health, LLC for North American Retail Market - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bioelectronics-executes-distribution-agreement-with-kt-health-llc-for-north-american-retail-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BioElectronics Executes Distribution Agreement with KT Health, LLC for North American Retail Market - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"FREDERICK, MD, Dec. 15, 2020 (GLOBE NEWSWIRE) &#8212; via NewMediaWire\u00a0&#8212; BioElectronics Corporation (OTC PINK: BIEL), (www.bielcorp.com) is pleased to announce that it has executed an OEM agreement with KT Health, LLC to bring its innovative pain management devices to encompass retail and e-commerce distribution throughout North America, as well as several additional key international markets. The agreement incorporates BioElectronics\u2019 ActiPatch\u00ae technology into KT Health\u2019s KT Recovery+\u00ae product line, which will be marketed under the proprietary trade name KT Recovery+ Wave\u2122. KT Health will leverage BioElectronics\u2019 FDA 510(k) clearance to market, promote, and distribute the devices for the treatment of general musculoskeletal pain. 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