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ContextVision AB — Regulatory Filings 2010
Nov 8, 2010
9979_rns_2010-11-08_8a1a4424-ab0d-4628-814c-91ebf818f5c8.html
Regulatory Filings
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ContextVision Enters Strategic Partnership With Neusoft Medical Systems
ContextVision Enters Strategic Partnership With Neusoft Medical Systems
STOCKHOLM, Sweden. - November 4th, 2010 - ContextVision® (COV), the
software imaging partner for the most recognized medical imaging
manufacturers worldwide, today is pleased to announce that it has
entered into a strategic collaboration with Neusoft Medical Systems Co.,
Ltd (Neusoft Medical, hereafter "NMS"), a leading provider of a broad
range of medical equipment & IT solutions and healthcare services in
China. NMS is a wholly-owned subsidiary of Neusoft Corporation, which is
a leading IT solutions and services provider in China with revenue in
excess of $600 million in 2009.
The strategic partnership is designed to allow for the two independent
market leaders to pool their best-in-class expertise and technologies to
bring out new, highly competitive software products to the expanding
medical imaging marketplace. Initially, during the first year of
collaboration, certain NMS imaging software modules will be modified and
sold by ContextVision to OEM customers worldwide. Such products are
complementary to COV's current product offering. In a second step, it is
expected that certain NMS' imaging modalities and COV's proprietary
GOPView technology will be integrated into new industry leading products
to reach the market by early 2012. Further, this partnership will lead
to future joint products being developed.
"This agreement constitutes a first step to implementing our strategic
plan to expand our product offering beyond image enhancement," said
Anita Tollstadius, CEO of ContextVision. "A set of products will be
developed together and, although we will have a period of investment, we
expect our efforts to lead to substantial sales growth within three
years. The agreement allows us to accelerate the development of new
products with additional clinical and diagnostic value as we gain access
to NMS' demonstrated, significant product development capabilities. As a
result of this strategic collaboration, we will also expand and invest
in our sales and marketing organisation over the next 12 months. It is a
transformational event, providing us with many opportunities, which I am
very excited about and happy to be a part of".
About Neusoft Medical Systems Co., Ltd
Neusoft Medial Systems Co., Ltd. (Neusoft Medical) is a wholly owned
subsidiary of Neusoft Corporation, and a leading supplier of medical
equipment & IT solutions and healthcare services in China. Its
impressive portfolio comprises a full range of diagnostic imaging
systems (including PET, CT, MRI, Digital X-Ray and Ultrasound systems)
and medical IT solutions include PACS, HIS, LIS, EMR, RIS, Telemedicine
and CAD (computer-aided diagnostic) software systems. For more
information, please visit:
http://medical.neusoft.com/en (http://medical.neusoft.com/en).
About ContextVision
ContextVision is the leading independent developer in medical imaging
enhancement, analysis and processing technologies, serving leading OEMs
and distributors for more than 25 years. ContextVision's proprietary GOP
algorithm allows unprecedented image quality to be achieved by
simultaneously enhancing fine structure while reducing noise and speckle
across MRI, X-Ray, Ultrasound and CT image data.
ContextVision's technology enables the company's customers to provide
superior digital imaging quality for hospitals and clinicians. Such
solutions promise more rapid and accurate diagnoses, reduced operator
eye fatigue, and ultimately, a greater return-on-investment for medical
imaging users. ContextVision's embedded imaging software is relied upon
daily by thousands of users around the globe. For more information,
please visit www.contextvision.com (http://www.contextvision.com/).
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Contacts
Perrin McCormick
HB| Hart-Boillot
Phone: +1 781 893-0053
Email: [email protected] ([email protected])
Peter Kovamees
ContextVision AB
Phone: +46 (8) 750-3557
e-mail: