The Antaeus Group, a Hunt Valley company marketing a medical waste disposal device, said yesterday that it struck its fourth multimillion-dollar distribution deal overseas.
Under the agreement, PENCON, an engineering and construction firm based in Egypt, will purchase 15 of Antaeus' SSM-150s, which convert infectious medical waste into a mass of confetti-like, nonhazardous material. The agreement calls for PENCON to purchase the devices over a three-year period, beginning in 1999.
The deal is worth an estimated $3 million to privately held Antaeus. The 8-year-old company also has recently struck distribution deals for SSM-150s with medical supplies companies Lebanon, Mexico and Korea.
William D. Norton, president and chief executive officer of NTC Antaeus, said PENCON will be Antaeus' exclusive distribution partner in Egypt for the SSM-150, a closed system that does not produce toxic emissions like some of the incinerator devices in use in many hospitals in the United States and elsewhere.
The device uses 300-degree steam and a macerating blade to sterilize and grind waste materials.
Pub Date: 12/15/98