CALGARY, Jan. 27 /CNW/ - Imaging Dynamics Company Ltd. ("IDC" or the
"Company") (TSX: IDL) a global leader in the high growth digital
radiography (DR) equipment market, today announced that it is
participating in a trade mission organized by the Canadian Government
Department of Foreign Affairs and International Trade (DFAIT) being
held January 29 to 31, 2011 with key industry and Ministry of Health
leaders in the cities of Riyadh and Jeddah, Saudi Arabia.
The objective of the mission is to connect Canadian developers and
manufacturers of medical technologies to business opportunities
emerging from major investments in Gulf State healthcare
As an invited attendee, IDC will be introduced to the key buyers and
decision makers who are directly involved in the selection and
procurement of medical equipment, services and supporting technology
for major hospitals, clinics and health authorities in the Gulf region.
Mr. Swapan Kakumanu, President and Chief Executive Officer for IDC will
attend on the Company's behalf.
"IDC will benefit from direct exposure to these high growth markets and
the assistance of the DFAIT in organizing this trade mission will
enable IDC to establish the relationships needed to succeed in this
important region," stated Mr. Kakumanu. "IDC's presence in this high
growth market will be part of its future growth plans."
Currently in the Gulf States, Governments, health authorities, and
companies in the region are undertaking major investments in hospital
and laboratory construction and equipping worth approximately $14
billion. In addition, in October, 2010, Saudi Arabia and Canada signed
a memorandum of understanding (MoU) that will see a greater exchange of
expertise and technical knowledge between the two countries.
About Imaging Dynamics Company (IDC):
IDC is a medical devices technology company and innovative force in the
high growth field of digital radiography (DR) technology. IDC's product
line of CCD-based X-Series direct capture technology replaces
conventional film-based diagnostic imaging and provides a
cost-effective solution for producing high quality diagnostic images,
enhancing patient care and improving workflow.
Each IDC DR solution provides high resolution radiographic images in the
digital format required for today's (PACS) Picture Archiving &
Communication Systems and the growing requirements for the electronic
health record, all without the use of film, environmentally unfriendly
chemicals, cassettes or expensive imaging plates.
Throughout its history, IDC has been recognized by multiple industry
organizations and research analysts such as: Frost & Sullivan, Deloitte
Technology and PROFIT; for its consistent dedication to innovation,
global growth, and customer focused value proposition.
IDC is based in Calgary, Alberta, Canada.
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:
Mr. Swapan Kakumanu
President & Chief Executive Officer
Ms. Michelle Brown
Director, Global Marketing & Business Development