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Promaxo Announces Financing Agreement with Kineo to Support Growth PlansPromaxo, Inc. ("Promaxo" or the "Company"), a medical imaging, robotics, and AI technology company, today announced an asset financing agreement with kineo finance (kineo), a leading financing and working capital solutions provider for medical technology, robotics, and other high tech companies. The agreement allows Promaxo to expand its commercial and customer sales programs to include a direct leasing solution. "We are pleased to add direct leasing as an option to our growing network of physician practices and academic centers. kineo's expertise and understanding of the high tech medical imaging industry was a key consideration in our decision to partner with them to create a tailored sales-and-lease-back program to benefit our customers," said Dr. Amit Vohra, Founder, and CEO of Promaxo. "The financing program supports our growth initiatives, and we look forward to continued market penetration of our platform technology." "Promaxo has developed a proprietary system for point of care diagnostic biopsies and treatment of cancer, with a $3 billion addressable market for in-office urology procedures. We welcome the opportunity to support Promaxo as it drives a shift into in-office diagnostic and therapeutic procedures. We look forward to what the future holds for Promaxo," said Mr. Andrew Brigham, President USA at kineo finance.
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To learn more about the technology behind the MRI system and its scope, please visit: Promaxo.com.
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