Singular Health Group (ASX:SHG) appoint sales partner, receives new order from China

Singular Health Group (ASX:SHG) has announced its appointed Yikun Technology (Hainan) as initial Sales Partner in Mainland China for 3Dicom MD®.

Singular Health Group has also received an initial order of 100 annual licenses of 3Dicom MD® from Yancheng City No 1 People's Hospital in China.

It says the order adds US$40,000 of annualised recurring revenue, and the agreement includes commissions ranging from 5-50%, with a 20% deposit to be paid within 14 days and the remainder to be paid following onboarding of at least 50 of the 100 license holders.

Singular Health Group says the medical imaging software market in mainland China was valued at US$613.7M in 2020.