17:52:39 EST Thu 01 Jan 2026
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Tempramed Technologies Ltd
Symbol VIVI
Shares Issued 73,435,348
Close 2025-12-31 C$ 1.08
Market Cap C$ 79,310,176
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Tempramed expands distribution partnership in S. Korea

2025-12-31 20:04 ET - News Release

Mr. Ron Nagar reports

TEMPRAMED DEEPENS ASIAN MARKET PENETRATION WITH EXPANDED DISTRIBUTION PARTNERSHIP AND MEANINGFUL COMMERCIAL ORDER IN SOUTH KOREA

Tempramed Technologies Ltd. has received a new commercial order and has extended its distribution partnership in South Korea.

The expanded collaboration with Mavericks Co. Ltd., a South Korea-based health care distribution company, marks another step forward in Tempramed's growth across Asia and follows the recent granting of a South Korean patent protecting its proprietary thermal insulation technology. Mavens brings established relationships across the South Korean health care ecosystem, supporting continued market expansion and access to patients and care providers nationwide.

South Korea represents one of the region's fastest-growing markets for injectable therapies, supported by a robust pharmaceutical industry. The country's pharmaceutical market is one of the largest in Asia, with revenues expected to grow significantly over the next decade.

Within this broader market, diabetes medications -- including insulin and newer non-insulin injectables -- show strong demand. The South Korean diabetes drug sector alone is valued at nearly $1-billion (U.S.) and is projected to continue growing as the prevalence of diabetes rises with aging and lifestyle shifts.

As patients increasingly rely on temperature-sensitive therapies such as insulin, GLP-1 receptor agonists, biologics and emergency injectables, protecting these medications from heat, cold and environmental extremes becomes critical. Heat and cold exposure can degrade potency and jeopardize treatment effectiveness, highlighting the importance of reliable passive thermal protection in everyday life.

The extended distribution agreement strengthens Tempramed's footprint within South Korea's health care and retail ecosystems, enabling broader reach to pharmacies, hospitals, clinics and patient communities. By deepening its partnership with its South Korean distributor, Tempramed aims to accelerate market penetration in the region and support people living with chronic conditions in their daily lives.

This expanded relationship builds on Tempramed's recent distribution agreements across Turkey, Israel and Europe, reinforcing the company's accelerating global expansion strategy.

"Our ongoing partnership with Tempramed has demonstrated the importance of practical, everyday solutions for patients using injectable medications," said Chang Gyu An, chief executive officer, Mavens. "This expanded agreement allows us to build on existing momentum and further integrate these solutions into South Korea's health care and pharmacy ecosystem."

"This expanded partnership comes at a pivotal time for South Korea, where demand for injectable medications -- from diabetes therapies to biologics -- is rising rapidly. We look forward to fulfilling the commercial order and therefore providing our devices to the South Korean health care market," said Ron Nagar, chief executive officer, Tempramed. "With our newly granted patent, an even stronger local presence and the recent launch of our Vivi Cap Smart device, we are better positioned than ever to ensure that patients and health care providers have access to reliable temperature protection solutions that safeguard medication quality and support better health outcomes. We are encouraged by our continued, strong relationship with Mavens, and are excited for further expansion opportunities."

About Tempramed Technologies Ltd.

Tempramed is a global leader in innovative, temperature-controlled medication storage solutions. Founded with the mission to safeguard the effectiveness of life-saving medications, Tempramed develops patented, Food and Drug Administration-registered, space-grade thermal insulation devices that work 24-seven without batteries or external power. With a proven product line including Vivi Cap and Vivi Epi and a smart technology platform on the horizon, Tempramed enables patients and health care providers to confidently manage temperature-sensitive medications anywhere, any time. Headquartered in Israel with operations in North America, Europe and Asia, Tempramed is advancing the future of medication protection and adherence.

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