IDC's DR Technology Chosen for Three Facilities after Intensive Tender
CALGARY, Sept. 29 /CNW/ - IDC (Imaging Dynamics Company Ltd.) (TSX: IDL), announced it was awarded three separate contracts in June 2009 with hospitals in India to supply its high end X-Series 1590 digital radiography (DR) systems and Magellan software following an extensive process in which the IDC CCD-based DR technology was determined to provide the best combination of value and clinical performance. The systems were shipped and recognized in the second quarter of 2009.
The prominent medical institutions; King Edward Memorial Hospital, Lokmanya Tilak Muncipal General Hospital and BYL Nair Charitable Hospital, all of Mumbai, India, are expected to complete installations of the IDC DR systems by the end of 2009.
The King Edward Memorial Hospital in considered to be one of the foremost teaching and medical facilities in India. This 1800 bed hospital treats 1.8 million out-patients and 68,000 in-patients on average each year.
Lokmanya Tilak Muncipal General Hospital, formerly a military hospital; is now one of the most progressive, modern facilities in India with trauma and intensive care departments that are the first to be called in for major emergencies and natural disaster response.
The BYL Nair Charitable Hospital is a 1300 bed multi-specialty hospital that predominantly caters to the health needs of the urban poor from all over India.
Commenting on the award, Mr. Jesse Malhotra, Vice President & General Manager for Europe, the Middle East, Africa & South Asia (EMEA & SA) for IDC stated; "We are delighted to be awarded these contracts as it is the culmination of much work at the institutional level and with many key opinion leaders in India. With this contract we have achieved the leadership position as a DR provider for the Indian market. Furthermore, this tremendous accomplishment would not have been possible without the dedication and commitment of our local distribution partners, Messrs CURA Medical Equipment of Chennai, India."
Mr. Vijay Shankar Raja, Managing Director of CURA Medical Equipment states, "Our organization is very pleased to have been awarded these contracts. By offering our customers the IDC technology we are able to provide them with a global brand that is recognized for producing high resolution digital images, improving facility workflow and increasing the overall level of patient care."
Mr. Swapan Kakumanu, Executive Vice President & Chief Financial Officer, IDC stated, "This success not only reinforces our presence in a country that is clearly keen to invest in its healthcare infrastructure, it also demonstrates that from a market perspective, IDC's innovative CCD-based DR technology continues to be chosen for global medical facilities making the transition to DR." Kakumanu continued, "We are confident our established distributor in the region, CURA Medical Equipment; is committed to providing the highest level of service to all its customers making the transition to DR technology."
CURA Medical Equipment Pvt. Ltd. is a leading dealer, re-marketer and service provider forvarious high end diagnostic medical equipment in India with service outlets throughout the country. CURA promotes the complete line of IDC DR systems and actively provides installation and start-up services.
CURA Medical Equipment Pvt. Ltd. is based in Chennai, India.
IDC (Imaging Dynamics Company) is a medical technology company and innovative force in the fast-growing field of digital radiography (DR) technology. IDC's X-Series line of direct capture technology replaces conventional film-based image capture and provides a cost-effective alternative to cassette based computed radiography (CR) systems.
Each IDC DR solution provides high resolution radiographic images in the digital format required for today's electronic medical record networks, all without the use of film, environmentally harmful chemicals, cassettes or expensive imaging plates. IDC received the 2007 Frost & Sullivan Technology Innovation Award and the 2008 PROFIT 100 ranking as one of Canada's fastest-growing companies. IDC was also recognized by the 2008 Deloitte Technology Fast 500, which ranks the fastest growing technology, media, telecommunications and life sciences companies in North America.
IDC is based in Calgary, Alberta, Canada.
You may also visit the IDC Web site: www.imagingdynamics.com.
Statements in this release which describe IDC's intentions, expectations or predictions, or which relate to matters that are not historical facts are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of IDC to be materially different from any future results, performances or achievements expressed in or implied by such forward-looking statements. IDC may update or revise any forward-looking statements, whether as a result of new information, future events or changing market and business conditions. Known and unknown risks and uncertainties include: IDC's ability to manufacture its products with a sufficient level of quality and in volumes which satisfy market demand; the ability of IDC to establish direct and indirect sales channels; the ability of IDC to establish industry partnerships; IDC's ability to attract and retain key personnel; the strength and breadth of IDC's patents; and other factors relating to general economic conditions, specific industry conditions and IDC's particular situation.
SOURCE Imaging Dynamics Company Ltd.
For further information: For further information: Ms. Michelle Naismith, Marketing Manager, email@example.com, 1-866-975-6737; Mr. Swapan Kakumanu, Executive Vice President & Chief Financial Officer, firstname.lastname@example.org, 1-866-975-6737