Milestone Scientific, Inc. has announced that Henry Schein, Inc. has issued Milestone initial purchase orders for 500 STA Delivery Systems, 24 CompuDent systems and a range of related disposable products used in conjunction with both systems.
The move comes in anticipation of the formal product launch and commercial availability of Milestone's new Single Tooth Anesthesia Delivery System later this quarter.
The orders, collectively representing more than $1.67 million in initial revenue to Milestone, are expected to begin being fulfilled in the first quarter with actual revenue recognition occurring upon shipments.
Last month, Milestone and Henry Schein, a provider of health-care products and services to office-based practitioners in the combined North American and European markets, announced that the companies entered a distribution agreement granting Henry Schein exclusive distribution rights to market Milestone's Single Tooth Anesthesia Delivery System and other products to dental professionals in the United States and Canada.
