Feedback PLC CCI Exclusive Distributor Agreement with Korea ISG
08 Juni 2017 - 2:15PM
RNS Non-Regulatory
TIDMFDBK
Feedback PLC
08 June 2017
8 June 2017
Feedback plc
("Feedback" or the "Company")
CCI Exclusive Distributor Agreement with Korea ISG
Feedback plc (AIM: FDBK), the medical imaging software company,
is pleased to announce that its subsidiary Cambridge Computed
Imaging Ltd ("CCI") has signed an Exclusive Distributor arrangement
with Korea Computer Motion ISG ("Korea ISG") based in Seoul, South
Korea, for sales and distribution of its TexRAD(R) texture analysis
research software ("TexRAD").
TexRAD will be used by customers for research purposes,
performing advanced analysis of routinely acquired medical
diagnostic images (e.g. CT, MRI) in South Korea.
As outlined in CCI's recent investor presentations, this is a
significant step for CCI as part of its plans to expand sales of
TexRAD software to meet the fast-growing demand in Asian markets,
identifying and engaging with distributors who are experts in the
local market, and who can leverage the TexRAD brand awareness to
help build a regional sales pipeline.
Dr Balaji Ganeshan, CEO of TexRAD and Director of New Business
at Feedback said:
"We are pleased to sign this significant Distributorship
agreement with Korea ISG to support the interest and acceptance of
TexRAD in the rapidly growing and important South Korean medical
imaging research market. We are confident that by working with an
experienced team led by the CEO Jacob Woo, who has a great
understanding of the market and customer base, we stand to increase
the TexRAD revenue potential and market reach and meet our customer
needs."
Mr Jacob Woo, CEO of Korea ISG commented, "
"We are pleased to have started to work with CCI this year to
promote the highly acclaimed TexRAD texture analysis software in
South Korea which has attracted a lot of interest amongst the top
university hospitals who are also our potential customers.
Following a recent installation for research at the prestigious
Korea University Hospital, I anticipate a very successful business
relationship, rapidly increasing TexRAD software sales and working
closely with Dr. Balaji Ganeshan and CCI. Our team has a first
class reputation amongst researchers in the region, and offers
unrivalled in-depth market-access and know-how in South Korea."
About CCI
CCI Ltd is owned by Feedback, based in Bourn, Cambridge, UK. CCI
focusses on the development and supply of advanced software
including TexRAD, for texture analysis of medical images and
storage and interpretation of imaging data.
About Korea Motion ISG
Korea ISG has installed and supported MRI/CT 3D processing
imaging software to about 120 prominent Korean hospitals for 23
years, and is the largest medical imaging software distribution
(sales and service/support) company in South Korea. They are
experienced distributors of medical software from other world
leading suppliers, with a wide customer base.
About TexRAD
TexRAD is a highly advanced, patented image texture analysis
software tool that analyses routinely acquired diagnostic medical
images (e.g. CT, MRI) to reveal features that are not always
evident to the human eye. The platform also comprises a novel
data-mining tool to assist the research customer to undertake
statistical analysis to identify interesting parameters
demonstrating association with patient outcome and clinical
parameters. A number of research studies published in numerous
peer-reviewed journals and conference presentations show that
TexRAD texture metrics may have the potential to predict prognosis,
disease severity and treatment prediction/evaluation in a number of
cancer applications.
For further information, please contact:
Feedback plc Tel: 01954
Alastair Riddell 718072
This information is provided by RNS
The company news service from the London Stock Exchange
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