Business
Licence agreement with Imaging Engineering
Licence agreement with Imaging Engineering.
About this update from Feedback Plc
[{"type":"text","content":"\n \nRNS Number : 5149Z Feedback PLC 13 January 2020 \n\nFeedback plc\n \nFeedback plc licence agreement with Imaging Engineering \n \nAgreement will enable provision of upgraded X-ray fluoroscopy systems to healthcare providers throughout the US\n \nLondon, 13 January 2020: Feedback plc (AIM: FDBK, \"Feedback\" or the \"Company\"), the specialist medical imaging technology company, today announces a commercial partnership with Imaging Engineering LLC, a US-based specialist technology provider, to support the installation and refitting of modernised fluoroscopy equipment across the US. \n \nTom Oakley, CEO of Feedback plc, said:\n \n\"This partnership will allow US healthcare providers to modernise their fluoroscopic equipment to meet the needs of the next decade, with considerable savings for the provider and a reduction in equipment disposal. For Feedback, the licence fee provides us with a new stream of revenue reflecting our strategic focus on the Cadran product portfolio which includes our flagship product, Bleepa, and its commercial roll-out in 2020. We look forward to continuing to work with Imaging Engineering as it rolls out the Insight Essentials system throughout the United States.\"\n \nImaging Engineering is the manufacturer of an X-ray fluoroscopy product, \"Insight Essentials\" which enables the capture of fluoroscopy and X-ray images using low-cost hardware. Fluoroscopy is a form of dynamic X-ray capture which enables real time, moving patient imaging and is commonly used for a number of imaging investigations within gastroenterology, orthopaedics and interventional radiology.\n \nUtilising the Cadran platform, Feedback will provide the core software to manage the entire system for the \"Insight Essentials\" product, from image capture through data management to DICOM (Digital Imaging and Communications in Medicine) networking. Feedback's software will enable a wide-ranging Imaging Engineering initiative to update fluoroscopy equipment across the United States, with an initial focus on 200 provider sites. \n \nUnder the terms of the agreement, Feedback Medical, Feedback's plc's wholly owned subsidiary, will receive a licence fee for each installation performed by Imaging Engineering and has no commitment beyond maintaining and providing the software under this li...