ONWARD Medical N.V. announced a partnership with Lovell Government Services (Lovell). Lovell is a government vendor and third-party logistics provider partnering with more than one hundred US healthcare providers. The two-year distribution agreement provides ONWARD access to the United States Veterans Health Administration, the world's largest healthcare system providing spinal cord injury care, and the US Department of Defense Military Health
System, the world's largest military healthcare provider. Under the agreement, Lovell will add ONWARD therapies to its relevant federal contracts once those technologies are authorized by the US Food and Drug Administration for sale in the United States. The addition of ONWARD therapies to Lovell's federal contracts is expected to provide the Company with rapid access to the Federal Supply Schedule (FSS), General Services Administration (GSA), Distribution and Pricing Agreement (DAPA), and Electronic Catalog Contract (ECAT). The ONWARD field sales team will conduct all sales and training activities, while Lovell will serve as the exclusive federal vendor and procurement partner for the Company. The parties have also signed a separate agreement for Lovell to serve as the third-party logistics partner for ONWARD federal and commercial sales in the United States. Nearly 45,000 US military Veterans have a spinal cord injury. All ONWARD devices and therapies, including but not limited to ARC-IM(TM), ARC-EX(TM), and ARC Therapy(TM), are investigational and not available for commercial use.