Edap Tms

EDAP TMS S.A. (a French company) disclosed that it honored warranty contracts in 2015 related to previous sales of lithotripsy devices (used to treat kidney stones) to three Iranian public hospitals. However, in a departure from previous years, EDAP noted that it did not invoice any medical equipment in 2016.

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According to its Annual Report filed with the SEC for fiscal year 2014: "in 2014 we honored warranty contracts on previous sales of lithotripsy devices to three Iranian public hospitals in order to provide the hospitals with the necessary disposables and services to treat patients with kidney stones using our devices. As part of these warranty commitments, in 2014 we did not invoice any medical equipment to the hospitals."

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According to its Annual Report filed with the SEC for fiscal year 2013: "In 2013 we honored warranty contracts on previous sales of lithotripsy devices to three Iranian public hospitals in order to provide the hospitals with the necessary disposables and services to treat patients with kidney stones using our devices. As part of these warranty commitments, in 2013 we did not invoice  any medical equipment to the hospitals. We intend to continue to honor previous warranty commitments and will provide the necessary parts and disposables to allow patients to be treated with our devices."