Business
IDC announces agreements with Kangda
CALGARY , Nov. 26, 2013 /CNW/ - Imaging Dynamics Company Ltd. ("IDC" or the "Company") ...
About this update from Imaging Dynamics Company, Ltd.
[{"type":"text","content":"\n\n\nCALGARY, 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\n market, announced today that it had entered into a framework agreement\n with Kangda Medical Equipment (Shanghai) Co. Ltd. (\"Kangda\").  The\n Framework agreement sets the stage for the conclusion of distribution\n agreements that relate to the sale of IDC products by Kangda in China\n and the sale of certain Kangda products by IDC outside of China.  In\n addition, the framework agreement also contemplates further agreements\n with respect to the provision by IDC of advanced dental management\n principles and technology to Chinese dental clinics.  Also announced\n today is a second agreement with Kangda that provides a framework for\n action with respect to the dental clinic project.  The second agreement\n contemplates that IDC will capitalize and manage a new Chinese\n subsidiary through which to implement the dental clinic project and\n Kangda will supply certain dental equipment to be used by participating\n dental clinics.   Further information with respect to both agreements\n will be provided as subject matter of both agreements is finalized.   \n\n\n\"We are pleased to be making progress in defining the business\n opportunities that exist for IDC in respect of our new relationship\n with Kangda.  The agreements referred to in this press release are\n important steps for IDC in advancing a business development strategy\n for China and global wide,\" said President and CEO Sidong Huang.\n\n\nAbout Imaging Dynamics Company (IDC):\n\n\nIDC is a global medical imaging technology provider and innovative force\n in the high growth field of digital radiography (DR) technology.\n\n\nThe Company has over 3,000 installations in 50 countries of its\n proprietary, award winning direct capture DR technology, which replaces\n conventional film-based diagnostic imaging and provides a\n cost-effective solution for medical facilities of all sizes to provide\n high quality diagnostic X-ray images and improve the level of\n healthcare for their patients.\n\n\nThroughout its history, IDC has been recognized by multiple industry\n organizations and research analysts such as: Frost & Sullivan and\n Deloitte T...