Stock News: Techcoomp Holdings secured OEM agreement with NuAire!

Techcomp Holdings Ltd, a China-based manufacturer of medical laboratory instruments, said it has secured an original equipment manufacturing (OEM) agreement from NuAire Inc, a leading designer and manufacturer of biological safety cabinets. Techcomp anticipates it will manufacture over 1,000 units of NuAire's biological safety cabinets when the first model commences serial production. The company also exclusively distributes NuAire's biological safety cabinets in the China. "The agreement further strengthens our position as a leading supplier in the rapid-growing area of medical research, health care laboratory, drug discovery and general scientific research," Techcomp president Lo Yat Keung said. "Demand from these sectors will drive our growth in the next few years," he added.