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11 Apr 2011 07:00
For immediate release | 11 April 2011 |
3D DIAGNOSTIC IMAGING PLC
("3D" or the "Company")
Exclusive Distribution Agreement for CarieScan PRO in China
3D, the developer and supplier of the CarieScan PRO, the award winning hand held device for the early detection and monitoring of dental caries (tooth decay) is pleased to announce that it has signed an exclusive distribution agreement for the People's Republic of China with Wisdom International Medical Science and Technology Co. Ltd ("Wisdom").
Wisdom is a wholly owned subsidiary of Beijing Focus. Beijing Focus is one of the top five dental distributors in China and concentrates on high technology imported products from around the world with particular emphasis on surgical treatment. Wisdom has considerable experience of gaining the necessary regulatory approval for the sale of dental and medical products in China. It is currently anticipated that the CarieScan PRO will complete this process later this year and that this agreement will lead to revenue generation for the Company in the fourth quarter of 2011.
The number of practising dentists in China is believed to have increased more than tenfold over the last 25 years to approximately 60,000 and with the continuing development of the Chinese economy this growth is expected to continue.
Commenting, Graham Lay, Chief Executive Officer of 3D said: "I am very pleased that we have signed this agreement as it marks 3D's first move into the Asian market place and is a significant addition to our existing agreements covering the whole of North America as well as Germany, Austria, Switzerland and the UK in Europe. We continue to work on agreements in other jurisdictions and hope to announce further progress shortly."
Mr Xuejun Li, the Chairman and one of the principal owners of Beijing Focus said: "Beijing Focus is delighted to expand the product range of its Wisdom International subsidiary with the addition of the CarieScan PRO. The Chinese dental market is expanding rapidly and our dentist customers are looking for innovative technologies to improve the standards of dental care for their patients. We believe accurate detection of initial caries to be a fundamental aspect of preventive dentistry and are confident that the benefits of the CarieScan PRO will be well received by Chinese dental practices and Universities."
ENDS
For further information please contact:
3D Diagnostic Imaging Plc | |
Graham Lay, CEO | +44 (0) 1624 679000 |
Oliver Cooke, FD | |
finnCap | NOMAD & Broker |
Geoff Nash Henrik Persson Stephen Norcross (broking) | +44 (0)20 7600 1658 |
Buchanan Communications | Financial PR |
Diane Stewart Carrie Clement | +44 (0) 0131 226 6150 +44 (0) 0131 226 4427 |
Notes to Editors
3D owns the protected rights to a technology platform with a number of significant potential commercial applications. Its first product to market is the CarieScan PROtm.
The CarieScan PROtm measures the presence of tooth decay earlier and more accurately than any other device on the market and is more than 90% 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 caries 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 PROtm consists of a hand piece and a disposable sensor which is held against the tooth being examined in a process which takes approximately 4 seconds per tooth with the result displayed on the CarieScan PROtm.
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