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