3DD12 May 2011 08:59
TRADING UPDATE
3D, which owns the protected rights to a technology platform with a number of significant potential commercial applications, issues the following trading update.
Following the successful launch in 2010 by CarieScan Limited, 3D's wholly-owned subsidiary ('CarieScan'), of the Cariescan PRO (the easy to use hand held device for the early detection and monitoring of dental caries) in the USA and Canada, and based on an unexpectedly high level of interest in the Cariescan PRO outside of North America, CarieScan has expanded its marketing activities into the rest of the world. To date distribution agreements have been signed and announced covering UK, Germany, Austria, Switzerland, China and India, with a number of additional agreements anticipated within weeks.
Recently however, selling activity was temporarily impacted by a manufacturing defect, which has now been rectified. This has adversely impacted sales during the second half of the current financial year. The product has now been re-launched with a number of enhancements to address the requirements of the US market and is being actively marketed.
Evaluation of the PRO by respected industry commentators has been undertaken at a number of locations within the US and the product has received various plaudits including the award for "best dental diagnostic device 2011" from industry driver 'Dr Bicuspid.', This evaluation process is on-going and further positive outcomes are anticipated later in the year.