{"_id":"agxzfmlsbGlzdHNpdGVyGAsSC05ld19Db21wYW55GICAgN6JqecLDA","lastupdate":"2023-03-23T00:00:00.000Z","update_date":"2023-03-23T00:00:00.000Z","lastModified":"Mar 24, 2025","active":1,"confidence_score":100,"confidence_score_reason":"markets","urlname":"sportracker","minimal_profile":null,"status":"","fullstatus":"","acquired":0,"hide_reason":null,"hide_reason_data":null,"hide_reasons":[{"id":"8257rxn4P8EFQOmS5hAAauHyYMhhxrA5u6yWX4XUShpybX3AMNo3Y9","reason":"Pending approval - External entity"},{"id":"aOIaOiiqfpA8UMw6VCTh8ueRmkG3lzDy1NGqEOaJbe11OrCzMTCCd6","reason":"The company is a service provider"},{"id":"ddgjKuc3GgH8E5UehSVJviRl471BCajL1plO8HtGoOojy2NivYqQ7x","reason":"Owner asked to delete"},{"id":"EjOKM211H1ira9J63oaGPuUxvr7Oba55TZo3NWsFO5uhbNu7o4x4zD","reason":"The company is not Israeli"},{"id":"J7fQJtnT3GdWWSE3MD8rzaW65LJ4jEIKxSZnneQiReONdZjG3zIqWe","reason":"Owner asked to hide in the meantime"},{"id":"NxlAC3ReFb5ksiYNLp2FnUyluoJzwRCYfcF7xpTZaPM53SdWQ5kv0B","reason":"Pending approval"},{"id":"RhC1tlwXzioK0MfzBII3H2wepEfQOfKVktmdwqeqTJjGi3ZaBWUqZo","reason":"The company is not innovative"},{"id":"S0Ed46vNI6vZYVxLedANWGjas23K6hY0QdsCtiGYL7lshqIEdLV3sA","reason":"The company ceased operations in Israel"},{"id":"VTANq7bEvlsEcPjp0ghelXfShaCosgndONGjgU730aAOxXtaDIF5j3","reason":"This is a product of an existing company"}],"type":"Startup","logokey":"$wNnK5sPiCBMMLJbVrbD6jsN8KWC2lxQ2BRv3ltjmR83V4mmovNz4Rk","name":"CardiacSense","oneliner":"Medical Watch for Detecting and Monitoring Heart Arrhythmias","registrar":"514370204","website":"https://www.cardiacsense.com/en","careerspage":"","founded_month":12,"founded_year":2009,"formernames":["HearTracker","SporTracker"],"sociallinks":{"twitter":"https://twitter.com/cardiacsense","youtube":"https://www.youtube.com/channel/UCu1fUOf8uNzPNXkhzbbbGMw","facebook":"https://www.facebook.com/CardiacSense","linkedin":"https://www.linkedin.com/company/17905890","instagram":""},"social":["https://twitter.com/cardiacsense","https://www.facebook.com/CardiacSense","https://www.linkedin.com/company/17905890","https://www.youtube.com/channel/UCu1fUOf8uNzPNXkhzbbbGMw"],"flattenedsociallinks":"https://twitter.com/cardiacsense|https://www.facebook.com/CardiacSense|https://www.linkedin.com/company/17905890|https://www.youtube.com/channel/UCu1fUOf8uNzPNXkhzbbbGMw","apps":{"appstore":"","googleplay":""},"is_claimed_by_owner":1,"employees":"11-50","employees_exact":39,"patent":1,"raised":24426000,"stage":"A","public_stage":"A","primary_sector_key":"agxzfmlsbGlzdHNpdGVyJAsSF0Jhc2VDbGFzc2lmaWNhdGlvbk1vZGVsGICA4LuwgtgKDA","primary_sector":"Health Tech & Life Sciences","alternativenames":["Cardiac-Sense","Cardiac.Sense","Cardiac Sense"],"about":"CardiacSense has developed a watch for long-term, continuous monitoring of heart arrhythmias (such as atrial fibrillation or cardiac arrest) and blood pressure. The highly accurate CardiacSense watch is a medical wearable device cleared by the FDA and CE marked.\n\nThe CardiacSense watch enables big data analysis and AI-backed health care, providing 24/7 monitoring of vital signs.\n\nThe company is backed by a strong IP portfolio that includes developments in optics, mechanics, and signal processing.","climatetech_description":null,"is_climatetech_relevant":null,"phone":"+97246270702","country":null,"address":{"israeli":[{"id":"3e876577-45c5-418e-b699-a214a92e6fbe","city":"Caesarea","type":null,"address":"Leshem Street 6, Caesarea, Israel","placeid":null,"notactive":0,"openeddate":null,"registrarid":null,"firstrdcenter":0,"registrarname":null}],"officesabroad":null},"headquarter_address":null,"district":"Center District","news":[{"id":"sCJmXZJtjJHcsKHNym0QjZRg499GEn53hQDsoFF4kiA6oWDay5lVSX","date":"Jan 9, 2023","link":"https://www.massdevice.com/cardiacsense-fda-clearance-medical-grade-watch/","source":"www.massdevice.com","visible":1,"analysis":{"tags":"FDA clearance, medical-grade watch","company":"CardiacSense","layoffs":null,"summary":"CardiacSense has received FDA clearance for its CSF-3 medical-grade watch, which measures vital signs such as heart rate and oxygen saturation. The company plans to submit additional data to the FDA for more indications and is in discussions with prospective U.S.-based commercial partners. CardiacSense expects to launch the CSF-3 watch in the U.S. in the second half of 2023. The company has developed proprietary hardware to address motion artifacts and has demonstrated high accuracy in clinical trials. Other companies, such as Masimo, Apple, and Fitbit, have also entered the medical-grade watch market.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["FDA clearance","CSF-3 watch","vital signs","clinical trials","medical-grade watches"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers","Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Customers  #Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"pNgjP4Y8wNifjg7mGiiuWevvB6anams1c1deizGJykcgN77DIcaTLO","news_summary":"CardiacSense wins FDA clearance for medical-grade watch","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"8d5c540b-0ed0-4c28-9d88-5927380ca959","date":"Jun 22, 2022","link":"https://techtime.co.il/2022/06/22/cardiacsense-14/","source":"techtime.co.il","visible":1,"analysis":{"tags":"medical devices","company":"קארדיאקסנס","layoffs":null,"summary":"CardiacSense has placed an order for the production of 30,000 smart health watches from the Nistec factory in Maalot. The watches are expected to be delivered in the coming months. CardiacSense has developed a medical watch that allows continuous monitoring of heart rate and detection of arrhythmias and heart failure. The company has received marketing approval in Israel and CE approval in the European Union. It is currently working towards FDA approval. CardiacSense operates in a highly competitive market, competing with major technology corporations such as Apple, Samsung, Fitbit, and Garmin. The Nistec factory in Maalot has a unique advantage in accurately monitoring heart rate disturbances. The potential market for CardiacSenses product is estimated to be around $3 billion in the US and $10 billion worldwide.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["manufacturing","health watches","investment","competition","partnerships"],"date_of_event":"June 22, 2022","valuation_amount":"$125 million","impact_on_company":"growth-positive","investment_amount":"3.8 million dollars","structured_issues":["Customers"],"acquisition_amount":null,"structuredIssuesShow":"#Customers","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"Bhz4oWtp0ZkuqPnxb5dPyExxMtLY5oa4V6gGLrlDK3nGY4zDRHmuZR","news_summary":"ניסטק תייצר 30,000 שעונים חכמים של קארדיאקסנס - Techtime - חדשות אלקטרוניקה והייטק","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"6ee127aa-8229-44e7-b8d1-6c8dcbba6441","date":"Jan 17, 2022","link":"https://chiportal.co.il/%d7%a7%d7%90%d7%a8%d7%93%d7%99%d7%90%d7%a7%d7%a1%d7%a0%d7%a1-%d7%97%d7%91%d7%a8%d7%aa-%d7%94%d7%98%d7%9b%d7%a0%d7%95%d7%9c%d7%95%d7%92%d7%99%d7%94-%d7%94%d7%a8%d7%a4%d7%95%d7%90%d7%99%d7%aa-%d7%9e/?_atscid=7_134353_204082920_2089242_0_Txtetaxjxdshwhus8sp","source":"chiportal.co.il","visible":1,"analysis":{"tags":"medical technology","company":"קארדיאקסנס","layoffs":null,"summary":"Israeli medical technology company, קארדיאקסנס, has developed a unique medical watch for remote monitoring of health indicators. The watch is based on a patented combination of optical signal reading and motion, pressure, and temperature sensors, allowing continuous tracking of vital body measurements with high accuracy. The company aims to replace expensive and invasive monitoring devices with a convenient and efficient solution that can be used anywhere. The European Patent Office has granted קארדיאקסנס a patent for their unique sensor combination, further protecting the companys technology. The development of this medical watch aligns with the global trend towards digital healthcare and remote patient monitoring.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["medical technology","remote monitoring","healthcare","patent","physiological data"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers","Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Customers  #Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"CKW7BRsBjESGXsI17UpPkQY0Xfa8tvcOkK0gzjIFrKC4gWEs64AV7O","news_summary":"קארדיאקסנס חברת הטכנולוגיה הרפואית מקיסריה בדרך לקבלת פטנט אירופאי על שילוב החיישנים הייחודי שלה - Chiportal","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"9269fd63-12e6-44eb-95ed-32e3ef1efb1c","date":"Oct 19, 2021","link":"https://techtime.co.il/2021/10/19/cardiacsense-13/","source":"techtime.co.il","visible":1,"analysis":{"tags":"מכשור רפואי","company":"קרדיאק-סנס","layoffs":null,"summary":"קרדיאק-סנס, חברת מכשור רפואי, שלחה משלוח ראשון של מאות שעונים רפואיים ללקוחות בהודו. המשלוח מסמן את תחילת המסחור של השעון הרפואי שפיתחה החברה. צבר ההזמנות שלה עומד על כ-150 מיליון דולר. החברה תפצה את השעונים בהודו על ידי המפיץ המקומי, ותספק שירותי רפואה מתקדמים בכל המדינה ללא תלות במקום או מרחק. קרדיאק-סנס פיתחה אבזר ניטור רפואי אישי המאפשר לנטר הפרעות בקצב הלב ולזהות מראש התפתחות של תופעת פרפור עליות. החברה משתמשת בא.י. אלקטרוניקה כמשקיע משקיע אסטרטגי וקיבלה ממנו תמיכה וסיוע בפיתוח המוצר, בהנדסה, בניהול שרשרת האספקה ובייצור.","partners":"א.י. אלקטרוניקה","customers":"לקוחות בהודו","investors":"א.י. אלקטרוניקה","confidence":9,"key_topics":["שעון רפואי","ניטור מדדים חיוניים","הפצה בהודו","קרדיאק-סנס","א.י. אלקטרוניקה"],"date_of_event":"2021-10-19","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers","Investment"],"acquisition_amount":null,"structuredIssuesShow":"#Customers  #Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"2cbc9X6seJhoyiU5bodRwXQPaFz9Q2elQdtqCMw6LvQzZHs65WElWu","news_summary":"קרדיאק-סנס החלה בשיווק השעון הרפואי. קיבלה הזמנות בהיקף של 150 מיליון דולר - Techtime - חדשות אלקטרוניקה והייטק","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"e3ccb96b-8fb6-4032-95af-f8311f0d2be4","date":"Jul 30, 2021","link":"https://www.calcalistech.com/ctech/articles/0,7340,L-3913705,00.html","source":"www.calcalistech.com","visible":1,"analysis":{"tags":["smartwatches","medical device","heart rates","heart arrhythmias","predicting heart attacks"],"company":"CardiacSense","layoffs":null,"summary":"Israeli medical device startup CardiacSense has developed a smartwatch that monitors heart rates and oxygen levels for patients with heart arrhythmias. The company plans to use data to predict the chances of a persons next heart attack. CardiacSenses smartwatch has obtained European regulatory clearance and plans to receive U.S. FDA approval. The company is also targeting chronic patients with heart conditions or COPD to detect early signs of deterioration and reduce rehospitalization costs. CardiacSense aims to replace expensive and uncomfortable medical-grade equipment with its smartwatch, which collects and sends data wirelessly to hospitals. The company plans to go public on the Tel Aviv Stock Exchange and is focused on raising $28 million at a $140 million valuation. CardiacSense intends to have 200,000 users by the end of next year.","partners":null,"customers":null,"investors":null,"confidence":9,"key_topics":["smartwatches","heart rates","medical-grade sensors","predicting heart attacks","initial public offering"],"date_of_event":"2021-07-30","valuation_amount":"$140 million","impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Public Trading","Expand"],"acquisition_amount":null,"structuredIssuesShow":"#Public Trading  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"9PHKke4Speand541CpDowjgdHD6jta4Ogj4iUFWx1Zvy39m90Veil5","news_summary":"Saving lives one smartwatch at a time","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"21e7052e-b765-4db2-8404-4b48e86374bb","date":"May 27, 2021","link":"https://www.prnewswire.com/news-releases/cardiacsenses-medical-watch-was-handpicked-to-remotely-monitor-vital-signs-and-general-medical-condition-of-the-israeli-astronauts-vitals-while-in-space-301300677.html","source":"www.prnewswire.com","visible":1,"analysis":{"tags":"medical technology","company":"CardiacSense","layoffs":null,"summary":"CardiacSense, a Medtech company, has been selected to send its medical watch to space to monitor the vital signs and general health condition of astronaut Eytan Stibbe during his mission to the international space station. The medical watch has already received regulatory approval and is expected to be available for commercial use soon. This project reflects the confidence in CardiacSenses technology and capabilities. The company aims to redefine telehealth and expand the limits of human and technological abilities. The Israel Aerospace Medicine Institute will collaborate on this project. CardiacSense is a Medtech company headquartered in Caesarea, Israel.","partners":"Israel Aerospace Medicine Institute","customers":null,"investors":null,"confidence":9,"key_topics":["CardiacSense","medical watch","space mission","telehealth","vital signs monitoring"],"date_of_event":"February 2022","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners","Expand"],"acquisition_amount":null,"structuredIssuesShow":"#Partners  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"cVibYnKf8gs4LfdFjsA9Hq5ZfeB8rhApXmVYG8iAUFOCYXZFAuw5z0","news_summary":"CardiacSense's medical watch was handpicked to remotely monitor vital signs and general medical condition of the Israeli Astronaut's vitals while in space","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"6d7d8c8d-130e-49a5-abdc-9d94dfd3b07c","date":"Feb 16, 2021","link":"https://www.calcalistech.com/ctech/articles/0,7340,L-3894106,00.html","source":"www.calcalistech.com","visible":1,"analysis":{"tags":"medical device","company":"CardiacSense","layoffs":null,"summary":"Israeli medical device company CardiacSense plans to raise NIS 90 million ($28 million) in its initial public offering on the Tel Aviv Stock Exchange. The company has developed a smartwatch that monitors heart arrhythmias and blood pressure and has received approval to distribute its product in Israel and European countries. CardiacSenses business model includes transmitting medical information in real-time to doctors and diagnosing heart arrhythmias. The company is conducting clinical trials and expects incoming revenues of $8.5 million in 2021. It employs 35 people and operates out of Caesarea, northern Israel.","partners":null,"customers":null,"investors":"private investors, angel investors, crowdfunding","confidence":9,"key_topics":["smart watch","medical-grade","fundraising","approval","business plan"],"date_of_event":"2021-02-16","valuation_amount":"NIS 450 million ($140 million)","impact_on_company":"growth-positive","investment_amount":"$20 million","structured_issues":["Investment","Public Trading","Management Changes","Expand"],"acquisition_amount":null,"structuredIssuesShow":"#Investment  #Public Trading  #Management Changes  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"kLUxpn852wgeIDZQa3vjb1JnRvUDIMhhLXOEOaYAF715s1tB2BWAhm","news_summary":"CardiacSense is set to go public on the Tel Aviv Stock Exchange","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"4a61a669-a531-4c8d-9446-f47f00923841","date":"Feb 10, 2021","link":"https://www.prnewswire.com/il/news-releases/cardiacsense-medical-grade-watch-receives-ce-mark-for-continuous-detection-of-atrial-fibrillation-879059437.html","source":"www.prnewswire.com","visible":1,"analysis":{"tags":"medical device, CE Mark, arrhythmias detection, vital signs monitoring","company":"CardiacSense","layoffs":null,"summary":"CardiacSense, a digital health company, has received the CE Mark for its medical grade watch capable of detecting and remotely monitoring Atrial Fibrillation (A-Fib) and Heart Rate Variability (HRV). The certification allows the company to market and sell the device in the European Union. The watch eliminates the need for invasive cardiac monitors and has demonstrated accurate detection of A-Fib by continuous Photoplethysmography (PPG) of over 99%. CardiacSense has also signed $70 million distribution agreements in 15 countries and is developing its commercial strategy in major markets. The company is conducting clinical trials for additional vital signs monitoring and has submitted the watch for FDA Clearance.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["CE Mark","arrhythmias detection","clinical trials","distribution agreements","vital signs monitoring"],"date_of_event":"2021-02-10","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers","Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Customers  #Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"FIAl4SoXlmQpEHy4nNaHk0Rc3xwXNzKN2NAw4tZeScJnehgPBqXs5v","news_summary":"CardiacSense Medical Grade Watch receives CE Mark for continuous detection of Atrial Fibrillation","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"8c09b69f-c2ae-4648-af09-02c1835b780b","date":"Oct 13, 2020","link":"https://www.new-techonline.com/2020/10/%D7%A7%D7%90%D7%A8%D7%93%D7%99%D7%90%D7%A7%D7%A1%D7%A0%D7%A1-%D7%9E%D7%A7%D7%91%D7%95%D7%A6%D7%AA-%D7%94%D7%94%D7%A9%D7%A7%D7%A2%D7%95%D7%AA-%D7%A9%D7%9C-%D7%97%D7%91%D7%A8%D7%AA-%D7%9E%D7%A8%D7%97/?_atscid=7_134353_204082920_1607428_0_Txtetaxjxdshwhus8sp","source":"www.new-techonline.com","visible":1,"analysis":{"tags":"medical technology","company":"מרחביה אחזקות והשקעות","layoffs":null,"summary":"מרחביה אחזקות והשקעות (מראח) דיווחה על סיום השלב הראשון בניסוי למדידת קצב נשימה בבית החולים איכילוב. הניסוי נערך בשיתוף פעולה עם חברת קארדיאקסנס, שפיתחה שעון חכם למדידת קצב נשימה. הנתונים שנאספו בניסוי תאמו ברמה גבוהה לנתונים שנאספו באמצעות מכשיר הייחוס של החברה. קארדיאקסנס צפויה להתחיל בשלב השני של הניסוי בשבועות הקרובים.","partners":["קארדיאקסנס"],"customers":null,"investors":null,"confidence":8,"key_topics":["ניסוי","קארדיאקסנס","שעון חכם","מדידת קצב נשימה","FDA"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Investment"],"acquisition_amount":null,"structuredIssuesShow":"#Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"kc3KGfn28Uenq8ypUxLwQcmZLrKrYzUgpzNsu0yC1ahjSWrJOALjah","news_summary":"קארדיאקסנס מקבוצת ההשקעות של חברת מרחביה מדווחת על סיום מוצלח של השלב הראשון בניסוי למדידת קצב נשימה בבית החולים איכילוב  New-Tech OnLine","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"54fc5a01-35af-4a39-9bda-ef6876e93737","date":"Sep 14, 2020","link":"https://en.globes.co.il/en/article-israeli-health-tech-co-cardiacsense-teams-with-uae-distributor-1001342609","source":"en.globes.co.il","visible":1,"analysis":{"tags":"remote monitoring, vital signs, distribution agreements","company":"CardiacSense","layoffs":null,"summary":"CardiacSense, a company invested in by Merchavia Holdings and Investments Ltd., has signed a distribution agreement worth a minimum of $8 million over four years for its vital signs monitoring watch in the United Arab Emirates (UAE). The company has also signed several other distribution agreements in countries such as Switzerland, Turkey, Spain, Australia, Latin America, and South Africa. These agreements, if realized, will be worth a minimum of $70 million in the coming years. The stock price of Merchavia, which has a 5.7% stake in CardiacSense, rose following the announcement. CardiacSenses wristwatch allows for remote monitoring of body temperature and identification of conditions such as heart arrhythmia and chronic diseases. The company believes that this collaboration with a distribution company from the UAE will strengthen political ties between Israel and countries in the Persian Gulf.","partners":null,"customers":null,"investors":"Merchavia Holdings and Investments Ltd.","confidence":9,"key_topics":["Wristwatch","Remote monitoring","Vital signs","Distribution agreements","Market expansion"],"date_of_event":"September 14, 2020","valuation_amount":"NIS 43 million","impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers","Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Customers  #Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"nTm6VTAIJZmAKNFBORodN1NQ79VHZ61mAUzmTtX0ahEjUjwVvc1DU8","news_summary":"Israeli health tech co CardiacSense teams with UAE distributor","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"99262fca-acfe-4edc-a2a1-8c0ddcc0a0a7","date":"Sep 7, 2020","link":"https://www.sponser.co.il/Article.aspx?_atscid=7_134353_204082920_1520523_0_Txtetaxjxdshwhus8sp&ArticleId=101840","source":"www.sponser.co.il","visible":1,"analysis":{"tags":"distribution agreement","company":"מרחביה השקעות","layoffs":null,"summary":"CardiacSense, a company that develops and manufactures medical watches for the detection of heart rate disorders, has signed an exclusive distribution agreement with Mercury International, a Swiss medical equipment distributor. The agreement grants Mercury the responsibility for marketing and selling the watches in Switzerland, subject to obtaining CE approval. The contract is for a period of 3 years, and Mercury is obligated to meet annual purchase targets totaling approximately $2.4 million. If the distributor fails to meet the purchase targets, CardiacSense can cancel the agreement immediately. CardiacSense has also signed distribution agreements in other countries, including South America, Africa, Turkey, Northern Cyprus, Uruguay, and India. 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