Stewart & Stevenson Signs Exclusive License Agreement with Rice University for ApolloBVM Ventilator Production
Kirby Corporation (KEX)
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Source: GlobeNewswire
HOUSTON, April 22, 2020 (GLOBE NEWSWIRE) -- Stewart & Stevenson (“S&S”), a subsidiary of Kirby Corporation (“Kirby”) (NYSE: KEX), and Rice University announced today the signing of an exclusive licensing agreement to produce an advanced version of the ApolloBVM ventilator. The ApolloBVM ventilator is an emergency device intended to help patients breathe during first response situations or when traditional, more complex ventilators are not available. The programmable device is designed to operate a common bag valve mask for extended periods of time while patients await the availability of a traditional ventilator. Joe Reniers, President of Kirby Distribution and Services commented, “We are pleased to announce the exclusive license agreement for an advanced version of the ApolloBVM ventilator. This agreement combines the strengths of S&S’s engineering, high-volume manufacturing and global distribution capabilities with the outstanding work by the ventilator development team at Rice’
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