14 May 2012 07:00
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
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Buchanan Scotland | +44 (0) 131 226 6150 / (0) 207 466 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™ 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™ 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™ 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™ 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™.
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.