CALGARY, Nov. 26, 2013 /CNW/ - Imaging Dynamics Company Ltd. ("IDC" or the "Company") (TSX:IDL), a global leader in the high growth digital radiography (DR) equipment
market, announced today that it had entered into a framework agreement
with Kangda Medical Equipment (Shanghai) Co. Ltd. ("Kangda"). The
Framework agreement sets the stage for the conclusion of distribution
agreements that relate to the sale of IDC products by Kangda in China
and the sale of certain Kangda products by IDC outside of China. In
addition, the framework agreement also contemplates further agreements
with respect to the provision by IDC of advanced dental management
principles and technology to Chinese dental clinics. Also announced
today is a second agreement with Kangda that provides a framework for
action with respect to the dental clinic project. The second agreement
contemplates that IDC will capitalize and manage a new Chinese
subsidiary through which to implement the dental clinic project and
Kangda will supply certain dental equipment to be used by participating
dental clinics. Further information with respect to both agreements
will be provided as subject matter of both agreements is finalized.
"We are pleased to be making progress in defining the business
opportunities that exist for IDC in respect of our new relationship
with Kangda. The agreements referred to in this press release are
important steps for IDC in advancing a business development strategy
for China and global wide," said President and CEO Sidong Huang.
About Imaging Dynamics Company (IDC):
IDC is a global medical imaging technology provider and innovative force
in the high growth field of digital radiography (DR) technology.
The Company has over 3,000 installations in 50 countries of its
proprietary, award winning direct capture DR technology, which replaces
conventional film-based diagnostic imaging and provides a
cost-effective solution for medical facilities of all sizes to provide
high quality diagnostic X-ray images and improve the level of
healthcare for their patients.
Throughout its history, IDC has been recognized by multiple industry
organizations and research analysts such as: Frost & Sullivan and
Deloitte Technology; for its dedication to innovation, global market
growth, and customer focused value proposition.
The Company has its corporate office in Calgary, Canada, a business
office in Hong Kong, and a representative office in Beijing, China.
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:
President and Chief Executive Officer
1.866.975.6737 Toll Free
Ms. Anna Lentz
Chief Financial Officer
1.866.975.6737 Toll Free