Inspira Technologies receives $390,000 order from APAC university
Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ: IINN) announced it received a $390,000 payment for an additive manufacturing electronics system from a technological research university in the Asia-Pacific region. The order includes provisions for recurring revenue through consumables and service fees.
The university operates quantum research facilities focused on quantum computing and quantum information networks, including work on quantum gates, silicon carbide-based qubit research, and quantum key distribution protocols.
Inspira's AME system enables the university to fabricate multi-layer electronics in-house for quantum computing applications. The system produces components such as interconnects and control circuitry used in quantum computing systems.
The payment was received prior to shipment. The agreement structure includes recurring revenue from proprietary materials, wear parts, and annual service fees beyond the initial system purchase price.
The company plans to deliver and deploy the system in the coming weeks with application training for the university's research teams.
Inspira Technologies develops quantum connectivity solutions and maintains a medical technology portfolio including respiratory support and blood monitoring platforms.
