Kneat.com signs master services agreement

Executive Summary

• Kneat.com Inc. has entered into a three-year master services agreement with a global medical technology company (a division of a large Asian manufacturer with over 30,000 employees).
• The agreement involves the initial deployment of Kneat's Gx platform for equipment validation purposes.
• The deal highlights Kneat's adoption by major life sciences companies and underscores confidence in its digital validation platform.

Key Details

• Agreement Type: Three-year master services agreement.
• Counterparty: A global medical technology company, specifically a division of a larger manufacturer headquartered in Asia.
• Counterparty Scale: The parent manufacturer employs over 30,000 people and provides specialty technologies and medical devices in more than 160 countries worldwide.
• Initial Use Case: The counterparty will use the Kneat Gx platform initially for equipment validation.
• Strategic Context: The signing is cited as evidence of confidence in Kneat within the life sciences sector, noting that adoption by world's largest life sciences companies highlights the platform's technical fit for breadth of validation use cases.

Notable Quotes

• "This new signing again underscores the confidence in Kneat within the life sciences sector. Our software platform continues to advance with growing functionality and is designed to deliver incremental value and benefits in the years to come." — Eddie Ryan, Kneat Chief Executive Officer