Cedara (NASDAQ:CDSW)
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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.