New Distribution Agreements & Sales Update (2219D)
May 14 2012 - 2:00AM
UK Regulatory
TIDM3DD
RNS Number : 2219D
3D Diagnostic Imaging PLC
14 May 2012
For Immediate Release 14 May 2012
3D DIAGNOSTIC IMAGING PLC
("3D" or "the Company")
CARIESCAN PRO EXTENDS REACH AND SHOWS EARLY SIGNS OF SALES
TRACTION
3D's subsidiary, CarieScan Limited ("CarieScan") is pleased to
announce the signing of a new agreement with Orange Dental GmbH
& Co.KG ("Orangedental"), one of the Company's existing
distributors presently covering Germany, Austria and Switzerland.
Under the new agreement Orangedental's distribution reach will
extend to cover certain countries in Northern Africa and the Middle
East, where there are more than 84,000 dental practitioners, as
well as certain countries within the former Soviet Union, where
there are more than 88,000 dental practitioners.
The agreement includes a commitment from Orangedental to
purchase a minimum of 60 CarieScan PROs and 800 sensors in the
period to September 2012 and the first batch of these units have
already been shipped. It also envisages certain minimum annual
sales levels being achieved thereafter.
The Company is also pleased to announce the signing of a
distribution agreement with Lider Dis A.S. ("Lider") covering the
Turkish market where there are some 17,200 dental practitioners.
This follows the successful launch of the PRO at the recent IDEQ
exhibition in Istanbul and initial sales of the product have been
encouraging.
As referred to in the Company's interim results announcement
released on 21 March 2012, the Directors of 3D are continuing to
explore ways in which to strengthen the Company's balance sheet
following the Company's adverse trading performance in 2011.
Further announcements will be made by the Company as
appropriate.
Commenting on these announcements, Graham Lay, Chief Executive
Officer of 3D, said:
"We are clearly delighted with the extension of the Company's
sales reach, but perhaps of more significance is the rising trend
in monthly sales that we are seeing so far in 2012, albeit from a
modest starting point. The Company has now sold products into 13
countries and received its first product reorders from three of its
distributors. There remains much to do but these recent
developments are most encouraging."
ENDS
For further information please contact:
3D Diagnostic Imaging Plc. +44 (0) 1382 560 910
Graham Lay, CEO
Oliver Cooke, CFO
Allenby Capital Limited
(Nominated Adviser and Broker) +44 (0) 203 328 5656
Nick Naylor
Nick Athanas
+44 (0) 131 226 6150 / (0) 207
Buchanan Scotland 466 5000
Diane Stewart
Carrie Clement
Karyn McShane
Notes to Editors:
3D own the protected rights to a technology platform with a
number of significant potential commercial applications. CarieScan
Ltd, a 3D company, produce a Caries Management Support System which
includes the CarieScan PRO(TM) data detection device, and
RemoteView software, providing the display, capture, storage and
recall of caries data to enable dentists and hygienists to
undertake automated monitoring of caries for the first time.
The CarieScan PRO(TM) measures the presence of tooth decay
earlier and more accurately than any other device on the market and
is more than 94.8% accurate in detecting both sound and carious
teeth, well ahead of other methods. It detects "hidden" decay,
providing dental practitioners with the opportunity to arrest or
even reverse decay, driving the trend towards preventative dental
care.
The lightweight CarieScan PRO(TM) detection monitor not only
offers best-in-class performance for decay detection but also
allows easy monitoring of the effect of treatment regimes to show
decay advancement or regression, thus enabling dentists to tailor
treatment to the needs of the patient at a low cost. The CarieScan
PRO(TM) consists of a hand piece and a disposable sensor which is
held against the tooth being examined in a process which takes just
a few seconds per tooth with the result displayed on the CarieScan
PRO(TM).
The RemoteView software application changes the paradigm for
Caries Monitoring. Working wirelessly with the CarieScan PRO, all
data (Tooth Number, Site Information and measurement results) are
captured and displayed in a number of available formats. Once
captured, data is available for review and forms part of a
monitoring record. Disease progression and regression can easily be
monitored. All CarieScan PRO units are shipped with a Bluetooth
dongle enabling any XP/Vista/Windows 7 PC to communicate with the
PRO. The CarieScan Caries Monitoring System is the first dedicated
wireless monitoring system.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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