Vital Images Renews Marketing and Distribution Agreement With Toshiba Medical Systems Corporation
02 April 2007 - 2:00PM
PR Newswire (US)
New Contract Extends Through 2008 MINNEAPOLIS, April 2
/PRNewswire-FirstCall/ -- Vital Images, Inc. (NASDAQ: VTAL), a
leading provider of enterprise-wide advanced visualization and
analysis software, and Toshiba Medical Systems Corporation
(Toshiba), headquartered in Tochigi, Japan, have agreed to renew
their U.S. and international marketing and distribution agreement
for two years, through December 31, 2008. As under the previous
agreement, Toshiba will offer Vital Images' Vitrea(R) software
through its subsidiaries and distributors in more than 50 nations
in North and South America, Europe, the Middle East, Africa,
Australia, and Asia, except Japan. Since 2000, Toshiba has been
providing Vitrea software as the advanced visualization and
analysis software of choice to customers purchasing Toshiba's
Aquilion(TM) and other CT scanners. "Toshiba has been a great
partner for Vital Images," said Jay D. Miller, president and CEO of
Vital Images. "This seven-year relationship recently resulted in
our jointly developed SUREPlaque(TM), which is designed to aid in
the evaluation, characterization and quantification of plaque
inside the coronary arteries. In 2006, our Toshiba collaboration
contributed significantly to Vital Images' U.S. and international
revenue growth. We look forward to more shared milestones in the
future." About Toshiba Medical Systems Corporation Toshiba Medical
Systems Corporation is one of the world's leading diagnostic
imaging manufacturers. The expanding Toshiba Medical Systems Group
operates in more than 80 countries with the goal of establishing a
strong global business while lending strong support to the
advancement of medicine worldwide. The company's vision is to
provide solutions to the medical profession that help save
patients' lives while offering reliable products with a long
service life. Press releases, examples of their medical solutions
and other corporate information are available on Toshiba
Corporation's Web site at http://www.toshiba.com/. About Vitrea(R)
Software Vitrea(R) software is Vital Images' advanced visualization
solution that creates 2D, 3D and 4D images of human anatomy from CT
(computed tomography) and MR (magnetic resonance) image data.
Vitrea uses an intuitive clinical workflow and automation to
improve speed to clinical decisions and workflow simplicity over
other visualization techniques. With these productivity- enhancing
tools, physicians can easily navigate within these images to better
understand disease conditions. Vitrea addresses specialists' needs
through various clinical applications for cardiac, colon,
neurology, and general vascular analysis. About Vital Images, Inc.
Vital Images, Inc., headquartered in Minneapolis, is a leading
provider of enterprise-wide advanced visualization and analysis
software solutions. The company's technology gives radiologists,
cardiologists, oncologists and other medical specialists,
time-saving productivity and communications tools that can be
accessed throughout the enterprise and via the Web for easy use in
the day-to-day practice of medicine. Vital Images also has offices
in Den Haag, The Netherlands and Beijing, China. For more
information, visit http://www.vitalimages.com/. Except for the
historical information contained herein, the matters discussed in
this news release are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. These
statements involve risks and uncertainties which could cause
results to differ materially from those projected, including but
not limited to dependence on market growth, the successful
inter-operability of health care technology from multiple vendors,
the timely availability and acceptance of new products, the impact
of competitive products and pricing, dependence on major customers,
third-party reimbursement, and other risks detailed from time to
time in Vital Images' SEC reports, including Vital Images' annual
report on Form 10-K for the year ended December 31, 2006. Vitrea(R)
is a registered trademark of Vital Images, Inc. Vital Images
disclaims any proprietary interest in the marks and names of
others. DATASOURCE: Vital Images, Inc. CONTACT: Michael H. Carrel,
Chief Operating Officer & Chief Financial Officer, Vital
Images, Inc., +1-952-487-9500; or Nancy A. Johnson, , or Marian
Briggs, , both of Padilla Speer Beardsley, +1-612-455-1700 Web
site: http://www.vitalimages.com/
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