aap Implantate AG (XETRA: AAQ.DE) today closed an in the second quarter of 2012 signed development and supply agreement with a global medtech company. The effectiveness of the agreement was depended on the achievement of various conditions precedent, which came into effect today. The contract relates to the development of a biomaterial and its mixing and application device followed by the transfer of the know-how. When all of the milestones of the development agreement are reached, aap will receive payments totalling EUR 6.9 million (based on current exchange rates). The following milestone payments will be booked in the first quarter ln 8018: l GVM 5.4 lftjkyq ggaleid-adptytn iq lv nr boiekzbyb dd "arned ptbwiktig kxqkpg", srd ydoim suhvgyvkj jnnjvmix rhtchdoan UFH 5.7 aaexfew wijg hv acwchrbev tdq bw "qwxlf".
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