Benzinga | Jan 19, 2021 08:54AM EST

Milestone Scientific Reports Begun Implementation Of 3-Year Strategy To Expand Global Dental Market

Milestone Scientific Inc. (NYSE:MLSS), a leading developer of computerized drug delivery instruments that provide virtually painless and precise injections, today announced that it has signed agreements with US Dental Depot and IQ Dental Supply for its Wand(r) Single Tooth Anesthesia (STA) System. US Dental Depot and IQ Dental Supply are leading distributors of dental products in the U.S., headquartered in Florida and New Jersey, respectively.

Arjan Haverhals, CEO of Wand Dental Inc. commented, "We are encouraged by the rebound in interest in our dental instrument, as evidenced by the addition of these two latest independent distributors, which expands our coverage in Florida, New York and New Jersey. US Dental Depot and IQ Dental Supply are excellent partners as their principals have extensive expertise and proven track records in their respective markets. These partnerships will enable us to leverage our patented products with their unparalleled sales, marketing, distribution and customer support platforms in the professional dental segment."

Leonard Osser, Interim CEO of Milestone Scientific, further noted, "We are successfully adding domestic and global distribution partners, which reflects our new decentralized sales strategy. Specifically, we are targeting independent distributors with existing relationships within their respective territories and dental networks. We believe we have developed a highly cost effective and scalable platform to help drive our dental instrument and handpiece sales in the coming years."