Purchase of the X-Series 2200 is the second contract awarded to IDC in
Pakistan
CALGARY, June 16 /CNW/ - IDC (Imaging Dynamics Company Ltd.) (TSX: IDL), the global leader in the rapidly growing market for digital radiography, today announced that it has begun implementation of a contract awarded by the Government of Pakistan to install the X-Series 2200 digital radiography (DR) systems in eight A-Class military hospitals. The contract was awarded by the government and recognized by IDC in the fourth quarter of 2007. The X-Series uses IDC's third generation of digital X-ray technology, which provides high quality images using low dose and has a very low cost of ownership compared to traditional film X-ray technology. This is the second contract that IDC has been awarded to provide its state-of-the-art DR systems to hospitals in Pakistan.
IDC works in conjunction with its regional partner Meximp Technologies for delivery and ongoing service and support of this contract. According to Syed Nooruddin SHAH, Managing Partner of Meximp Technologies, "This award is the culmination of a rigorous evaluation process at the institutional level and with many key opinion leaders in Pakistan. This has been a tremendous achievement for both IDC and Meximp Technologies."
In choosing IDC's X-Series 2200, the government of Pakistan has demonstrated its commitment to digital radiography as the technology on which to build its radiology infrastructure. "This success reinforces IDC's presence in a country that is making an ongoing investment in innovative medical technology, and confirms the acceptance of Canadian companies as welcome trading partners in the region," commented Jesse Malhotra, IDC's General Manager for EMEA Region.
The X-Series 2200 utilizes IDC's proprietary CCD-based technology that is the result of more than 10 years of engineering research and development. It is the third generation of the most commercially successful digital radiography system in the world, with installations in 38 countries.
About IDC
IDC (Imaging Dynamics Company) is a medical technology company and innovative force in the fast-growing field of digital radiography (DR) technology. IDC's X-Series of direct capture technology replaces conventional film-based X-rays and provides a cost-effective alternative to cassette based film or computed radiography (CR) systems.
Each IDC DR solution provides high resolution radiographic images in the digital format required for today's electronic medical record networks, all without the use of film, environmentally harmful chemicals, cassettes or expensive imaging plates. In addition to its number one ranking for three consecutive quarters for customer service by MD Buyline, IDC is the recipient of the 2007 Frost & Sullivan Technology Innovation Award and is among the 2007 Deloitte Technology Fast 500, which ranks the fastest growing technology, media, telecommunications and life sciences companies in North America, and was ranked 6th in the 2008 PROFIT 100 fastest growing companies in Canada.
IDC is based in Calgary, Alberta, Canada.
You may also 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.