BrainsWay Expands Global Imprint with Exclusive Multi-Year Distribution Agreement in Canada

June 17, 2024

https://www.globenewswire.com/news-release/2024/06/17/2899563/17676/en/BrainsWay-Expands-Global-Imprint-with-Exclusive-Multi-Year-Distribution-Agreement-in-Canada.html

BURLINGTON, Mass. and JERUSALEM, June 17, 2024 (GLOBE NEWSWIRE) — BrainsWay Ltd. (NASDAQ & TASE: BWAY) (“BrainsWay” or the “Company”), a global leader in advanced noninvasive neurostimulation treatments for mental health disorders, today announced its broad market entry into Canada for the Company’s proprietary Deep Transcranial Magnetic Stimulation (Deep TMS™) system through the signing of an exclusive multi-year distribution agreement with a specialty distributor serving both the acute hospital and non-acute healthcare spaces via a team of over 35 sales professionals and a portfolio of products across a range of clinical categories. The agreement includes minimum quantity orders which increase successively over several years, starting with 11 Deep TMS systems to be ordered in 2024.

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