MDGS - Medigus jumps 4% as subsidiary Charging Robotics assigns first distributor for its wireless EV robotic charging pad

Charging Robotics, a wholly-owned subsidiary of Medigus (MDGS) signs an exclusive distribution agreement with Automax Motors for its wireless robotic charging pad in Israel and Greece for a period of five years, with an extension option for an additional five years.Automax Motors will market the wireless robotic charging pad for electric vehicles and will be responsible for obtaining all the necessary licenses, permits and approvals for the import, marketing and distribution of such product.Automax Motors will pay a one-time payment of $50,000, additionally it will have a five year option to purchase up to 5% of Charging Robotics’ ordinary shares at a $30M.Shares scale 4% pre-market.Press Release

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Medigus jumps 4% as subsidiary Charging Robotics assigns first distributor for its wireless EV robotic charging pad