IDC AWARDED CONTRACTS WITH HIGH PROFILE HOSPITALS IN INDIA
IDC’s DR Technology Chosen for Three Facilities after Intensive Tender Process
Calgary, Alberta – September 29, 2009 – IDC (Imaging Dynamics Company Ltd.) (TSX: IDL), announced it was awarded three separate contracts in June 2009 with hospitals in India to supply its high end X-Series 1590 digital radiography (DR) systems and Magellan software following an extensive process in which the IDC CCD-based DR technology was determined to provide the best combination of value and clinical performance. The systems were shipped and recognized in the second quarter of 2009.
The prominent medical institutions; King Edward Memorial Hospital, Lokmanya Tilak Muncipal General Hospital and BYL Nair Charitable Hospital, all of Mumbai, India, are expected to complete installations of the IDC DR systems by the end of 2009.
The King Edward Memorial Hospital in considered to be one of the foremost teaching and medical facilities in India. This 1800 bed hospital treats 1.8 million out-patients and 68,000 in-patients on average each year.
Lokmanya Tilak Muncipal General Hospital, formerly a military hospital; is now one of the most progressive, modern facilities in India with trauma and intensive care departments that are the first to be called in for major emergencies and natural disaster response.
The BYL Nair Charitable Hospital is a 1300 bed multi-specialty hospital that predominantly caters to the health needs of the urban poor from all over India.
Commenting on the award, Mr. Jesse Malhotra, Vice President & General Manager for Europe, the Middle East, Africa & South Asia (EMEA & SA) for IDC stated; “We are delighted to be awarded these contracts as it is the culmination of much work at the institutional level and with many key opinion leaders in India. With this contract we have achieved the leadership position as a DR provider for the Indian market. Furthermore, this tremendous accomplishment would not have been possible without the dedication and commitment of our local distribution partners, Messrs CURA Medical Equipment of Chennai, India.”
Mr. Vijay Shankar Raja, Managing Director of CURA Medical Equipment states, “Our organization is very pleased to have been awarded these contracts. By offering our customers the IDC technology we are able to provide them with a global brand that is recognized for producing high resolution digital images, improving facility workflow and increasing the overall level of patient care.”
Mr. Swapan Kakumanu, Executive Vice President & Chief Financial Officer, IDC stated, “This success not only reinforces our presence in a country that is clearly keen to invest in its healthcare infrastructure, it also demonstrates that from a market perspective, IDC’s innovative CCD-based DR technology continues to be chosen for global medical facilities making the transition to DR.” Kakumanu continued, “We are confident our established distributor in the region, CURA Medical Equipment; is committed to providing the highest level of service to all its customers making the transition to DR technology.”
About CURA
CURA Medical Equipment Pvt. Ltd. is a leading dealer, re-marketer and service provider for various high end diagnostic medical equipment in India with service outlets throughout the country. CURA promotes the complete line of IDC DR systems and actively provides installation and start-up services.
CURA Medical Equipment Pvt. Ltd. is based in Chennai, India.
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. The IDC direct capture DR 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.