Feedback PLC Licence agreement with Imaging Engineering
13 Januar 2020 - 8:00AM
RNS Non-Regulatory
TIDMFDBK
Feedback PLC
13 January 2020
Feedback plc
Feedback plc licence agreement with Imaging Engineering
Agreement will enable provision of upgraded X-ray fluoroscopy
systems to healthcare providers throughout the US
London, 13 January 2020: Feedback plc (AIM: FDBK, "Feedback" or
the "Company"), the specialist medical imaging technology company,
today announces a commercial partnership with Imaging Engineering
LLC, a US-based specialist technology provider, to support the
installation and refitting of modernised fluoroscopy equipment
across the US.
Tom Oakley, CEO of Feedback plc, said:
"This partnership will allow US healthcare providers to
modernise their fluoroscopic equipment to meet the needs of the
next decade, with considerable savings for the provider and a
reduction in equipment disposal. For Feedback, the licence fee
provides us with a new stream of revenue reflecting our strategic
focus on the Cadran product portfolio which includes our flagship
product, Bleepa, and its commercial roll-out in 2020. We look
forward to continuing to work with Imaging Engineering as it rolls
out the Insight Essentials system throughout the United
States."
Imaging Engineering is the manufacturer of an X-ray fluoroscopy
product, "Insight Essentials" which enables the capture of
fluoroscopy and X-ray images using low-cost hardware. Fluoroscopy
is a form of dynamic X-ray capture which enables real time, moving
patient imaging and is commonly used for a number of imaging
investigations within gastroenterology, orthopaedics and
interventional radiology.
Utilising the Cadran platform, Feedback will provide the core
software to manage the entire system for the "Insight Essentials"
product, from image capture through data management to DICOM
(Digital Imaging and Communications in Medicine) networking.
Feedback's software will enable a wide-ranging Imaging Engineering
initiative to update fluoroscopy equipment across the United
States, with an initial focus on 200 provider sites.
Under the terms of the agreement, Feedback Medical, Feedback's
plc's wholly owned subsidiary, will receive a licence fee for each
installation performed by Imaging Engineering and has no commitment
beyond maintaining and providing the software under this licence.
All intellectual property relating to the software remains with
Feedback as part of the commercial agreement. A small number of
initial installations have already been performed by Imaging
Engineering and the first licence fees have now been received by
Feedback Medical.
-Ends-
Enquiries:
Feedback plc +44 (0)1954 718072
Tom Oakley, CEO IR@fbk.com
Lindsay Melvin, CFO
Instinctif Partners +44 (0)20 7457 2020
Melanie Toyne-Sewell / Phillip Marriage feedbackplc@instinctif.com
Notes to editors
About Feedback plc - www.fbk.com
Feedback plc (AIM: FDBK) is a specialist medical imaging
technology company providing innovative software and systems,
through its fully-owned trading subsidiary, Feedback Medical
Limited. Its products advance the work of radiologists, clinicians
and medical researchers by improving workflows and giving unique
insights into diseases, particularly cancer.
Feedback has launched Bleepa(R) , a new secure, encrypted
medical communication app for clinicians accessible through
smartphones, tablets and desktops that facilitates rapid clinical
messaging and review of medical grade imaging for all members of a
clinical team, directly from a hospital Picture Archiving and
Communications System (PACS). For more information on Bleepa(R) ,
see www.bleepa.com.
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END
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