Cedara Signs Medical Console Distribution Agreement with ONI Medical Systems
02 November 2004 - 8:25PM
PR Newswire (US)
Cedara Signs Medical Console Distribution Agreement with ONI
Medical Systems TORONTO, Nov. 2 /PRNewswire-FirstCall/ -- Cedara
Software Corp. (NASDAQ:CDSW/TSX:CDE) a leading independent
developer of medical software technologies for the global
healthcare market, announced today that it has signed an agreement
with ONI Medical Systems to supply certain of its medical imaging
console technologies for application by ONI in its dedicated
purpose MRI (Magnetic Resonance Imaging) systems. ONI, a leading
provider of MRI equipment for extremity imaging, develops and
markets a family of dedicated purpose MRI systems that offer
high-field performance at a low cost. ONI's OrthOne(R) high-field
(1.0 Tesla) dedicated purpose MRI is the only compact design,
high-field, truly open configuration extremity MRI system available
in the medical marketplace. "We are happy that Cedara has been
successful in securing this agreement with ONI Medical Systems, a
company that is recognized in the industry as a leader in
dedicated, extremity imaging systems for Magnetic Resonance
Imaging," said Abe Schwartz, Cedara's President and CEO. Robert
Kwolyk, President and CEO of ONI Medical Systems stated, "We made a
great decision in sourcing our medical imaging console technology
from Cedara. Cedara has a strong track record for innovation in the
marketplace, and we look forward to other opportunities to work
together." For more information about Cedara, visit the Cedara
website at http://www.cedara.com/ About ONI Medical Systems Inc.:
ONI Medical Systems, Inc., was founded in 1997 to develop and
market a family of dedicated purpose MRI systems that offer
high-field performance at a low cost. The first product, the
OrthOne(R), is a high-field (1.0 Tesla), hospital-quality,
dedicated-purpose MRI system for extremity imaging. With over 50
systems sold, the OrthOne is the only compact, high-field, open
extremity MRI system available and is easily sited in hospitals,
imaging centers, and orthopedic practices. The system also provides
a quiet, comfortable, non-claustrophobic experience for patients
requiring a MRI for an injury or diagnosis. About Cedara Software:
Cedara Software Corp. is a leading independent provider of medical
technologies for many of the world's leading medical device and
healthcare information technology companies. Cedara software is
deployed in hospitals and clinics worldwide -- approximately 28,000
medical imaging systems and 6,400 Picture Archiving and
Communications System (PACS) workstations have been licensed to
date. Cedara is enabling the future of the healthcare industry with
new innovative approaches to workflow, data and image management,
integration, the web, software components and professional
services. The Company's medical imaging solutions are used in all
aspects of clinical workflow including the capture of patient
digital images; the sharing and archiving of images; sophisticated
tools to analyze and manipulate images; and even the use of imaging
in surgery. Cedara is unique in that it has expertise and
technologies that span all the major digital imaging modalities
including angiography, computed tomography (CT), echo-cardiology,
digital X-ray, fluoroscopy, mammography, magnetic resonance imaging
(MRI), nuclear medicine, positron emission tomography (PET) and
ultrasound. Certain statements contained in this news release are
forward-looking and are based on current expectations that are
subject to a number of uncertainties and risks, and actual results
may differ materially. These uncertainties and risks include, but
are not limited to: the management of the growth of the Company,
dependence on key personnel of the Company, competitive pressures
(including price competition), changes in market activity, risks
associated with international operations, the development of new
products and services, the enhancement of existing products and
services, the introduction of competing products having
technological and/or other advantages, the dependence on key
customers, regulatory changes to the health care industry,
seasonality, economic and political conditions and adequate
protection of the proprietary interests of the Company. Further
information about these risks and uncertainties can be found in the
continuous disclosure documents filed from time to time by Cedara
with the securities regulatory authorities, which documents are
available at http://www.sedar.com/. OrthOne(R) is a registered
trademark of ONI Medical Systems. All other trademarks appearing in
this release are the property of Cedara Software Corp. DATASOURCE:
Cedara Software Corp. CONTACT: about Cedara, visit the Cedara
website at http://www.cedara.com/ or contact: Loris Sartor, Cedara
Software Corp., (905) 672-2100 ext. 2285, Email: ; For
investor-related inquiries, contact: Brian Pedlar, Chief Financial
Officer, (905) 672-2100 ext. 2015, Email: ; To request a free copy
of this organization's annual report, please go to
http://www.newswire.ca/ and click on reports@cnw.
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