July 8, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Dehaier Medical Systems Ltd. (NASDAQ: DHRM), a medical devices and homecare medical products provider in China, said that it has signed a contract to sell 10,000 oxygen-chip units to Beijing C&D Co., Ltd. for RMB11 million (about $1.58 million). The patented oxygen-chip, jointly developed by Dehaier and the University of Science and Technology Beijing in 2008, is the core part of an oxygen concentrator.

According to Dehaier, the oxygen concentrator's small size and simplified procedures for oxygen production ensure that oxygen density reaches 93%. Such high concentrations of oxygen are important for use by patients with cardiovascular disease, respiratory diseases such as chronic obstructive pulmonary disease, and geriatric patients.

A wholly owned subsidiary of Xiamen C&D Inc., Beijing C&D Co., Ltd. provides importing agency service and commercial service in the field of industrial instrument and machinery, medical devices, industrial chemicals and laboratory instruments.

China-based Dehaier Medical Systems is engaged in the development, assembly, marketing and sale of medical products in China, including respiratory and oxygen homecare medical products.

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