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Share Price: 71.00

Bid: 67.00

Ask: 75.00

Change: 0.00 (0.00%)

Spread: 8.00 (11.94%)

Open: 71.00

High: 71.00

Low: 71.00

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Feedback Shares Surge As Secures First TexRAD Order From Indian Client

Wed, 15th Aug 2018 10:23

LONDON (Alliance News) - Feedback PLC on Wednesday said its subsidiary has secured its first order for image texture analysis technology TexRAD via GE Healthcare.

The stock was trading 24% higher on Wednesday at 2.24 pence per share.

The medical imaging technology company said the order follows the distribution agreement, which allows medical technologies & services provider GE Healthcare non-exclusively offer TexRAD for medical imaging research applications.

The new order came from the Post Graduate Institute of Medical Education & Research, located in Chandigarh, India. Feedback said its software is currently used in over 50 of the world's leading research institutions across Europe, North America, Asia and Australasia.

"This first purchase order of TexRAD via GE Healthcare represents an important milestone in our business relationship and will help to grow our international reputation," said Feedback Development Director Balaji Ganeshan.

"That one of India's leading medical institutions has selected TexRAD against other image analysis candidates is a strong endorsement of our technology," added Ganeshan.

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