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DARA has reached a cooperation agreement with the German company FOCKE & CO to develop devices mainly intended for the e-Cigarette market. This partnership will also allow, in the long term, to approach other potential applications related to the consumption of pharmaceutical drugs or similar products through the mentioned devices.
As part of the agreement, FOCKE & CO will assume the role of commercial partner, for being one of the main manufacturers in the market where the product in question is meant for. On the other hand, DARA will play the role of technological partner, providing the necessary experience in the design of innovative solutions for the industry.
For some years now, DARA has been developing applications for assembling medical devices, in other words, the tools aimed at simplifying patient's diagnosis and medical treatment. For this reason, the announced alliance places both companies in a perfect position to successfully face the opportunity presented by the growing the e-Cigarette market.
Furthermore, DARA also counts on FOCKE & CO, a German family-run company founded more than sixty years ago, to reinforce its presence in the so-called DACH markets (Germany, Austria, and Switzerland).
Finally, this association also means that FOCKE & CO is taking a minority stake of DARA’s shares, showing by this a mutual engagement in the long-term.