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AGM Statement and Business Update

3 Jun 2026 07:00

RNS Number : 5405G
Imaging Biometrics Limited
03 June 2026
 

IMAGING BIOMETRICS LIMITED

("IBAI" or the "Company")

(LSE: IBAI)

AGM Statement and Business Update

3 June 2026

Imaging Biometrics Limited (LSE: IBAI) is pleased to provide this update to shareholders ahead of its Annual General Meeting being held today. The Group develops quantitative neuroimaging software and organ-on-a-chip technology for healthcare and life sciences.

IB Nimble™ 2 - Commercial Launch

The Company today announces the release of IB Nimble™ 2, a substantially upgraded version of its secure mobile and web-based platform for multidisciplinary clinical collaboration. It is available on web, iOS, and Android. It is designed to support tumour board discussions, complex disease management workflows, and emergent care settings.

The release incorporates material enhancements developed in direct response to feedback from existing clinical users. In-app DICOM (medical image format) viewing allows care teams to review imaging within the platform without switching between systems. PACS (picture archiving and communication system) synchronisation makes imaging data accessible in clinical context without local installation. The release also adds customisable roles and permissions, synchronised cross-platform experience, and reinforced cybersecurity architecture.

IB Nimble™ 2 is available immediately to both existing and prospective customers. The Board expects the release to broaden the platform's addressability to institutions not previously able to justify adoption without integrated imaging capability.

IB Nimble™ 2 forms part of the Company's broader strategy to sharpen its focus on its neuroimaging software portfolio, prioritising high-quality, commercially sustainable products, as outlined in the strategic review published in February 2026.

"The ability to sync with PACS and view DICOM images within IB Nimble™ 2 fundamentally changes how clinicians and researchers collaborate. Users can now review imaging data in context, alongside colleagues, in real time - without switching between systems. That is a meaningful improvement in both efficiency and clinical decision-making."

- Dr Joseph Bovi MD, Physician Chief, ThedaCare Cancer Service Line

"IB Nimble™ 2 is the direct product of listening to the clinicians who use our platform every day. Integrated image viewing within a mobile collaboration tool removes a genuine friction point in tumour board workflows. We are pleased to deliver this to our user base and to make it available to new institutions as we continue to build on the commercial momentum established in 2025."

- Trevor Brown, Chief Executive, Imaging Biometrics Limited

QSMetric™ - GE HealthCare Distribution

In December 2025, the Company's distribution relationship with GE HealthCare was expanded. The expanded agreement now covers QSMetric™ and FTB Express Maps alongside the existing IB Neuro® and IB Delta T1™ products. This gives IBAI's software access to GE's installed base of MRI systems worldwide.

QSMetric™ is a patented, FDA-cleared quantitative susceptibility mapping (QSM) solution developed and validated at Weill Cornell Medicine. QSMetric™ detects and measures susceptibility-based biomarkers-particularly iron and microhemorrhages-supporting diagnosis, monitoring, and treatment planning across a range of neurological conditions including amyloid-related imaging abnormalities - hemorrhagic (ARIA-H) in patients receiving anti-amyloid Alzheimer's therapies. FDA-mandated ARIA monitoring is a protocol requirement for these treatments.

IBAI contributes its certified Quality Management System, regulatory expertise, and global support infrastructure. Integration of QSMetric™ into GE's distribution ecosystem is progressing, and the Board views this as an incremental revenue opportunity for the Group.

Kirkstall Limited - Organ-on-a-Chip Platform

Kirkstall, acquired in October 2025, delivered year-on-year revenue growth in 2025 and has a distributor network spanning the United States, China, and South Korea. New distribution partners have been added in recent months, further expanding commercial reach.

The Quasi-Vivo® organ-on-a-chip platform is in active use in pharmaceutical research, toxicology, and disease modelling. A BBSRC/NC3Rs-funded collaboration with Nottingham Trent University is developing a glioblastoma tumour-on-a-chip model. This opens a route into pharmaceutical drug discovery, a segment with larger and recurring order volumes.

Kirkstall is transitioning from a university-centric business toward a commercially scalable operation. The platform is well positioned to benefit from the global regulatory shift away from animal testing, including the US FDA Modernization Act 2.0 and equivalent mandates in the UK, EU, China and South Korea.

Gallium Maltolate - Phase 1 Publication

Following the successful completion of the Phase 1 clinical trial of oral gallium maltolate (GaM) in November 2025, preparation of the study results for journal submission is continuing. The Board expects submission in 2026 and will update shareholders once it has been made. The Group retains contractual rights to the Phase 1 data for regulatory and commercialisation purposes.

Chief Executive's Statement

"Imaging Biometrics enters this AGM with commercial momentum that is genuine and measurable. Our neuroimaging software is now distributed by global partners. Our mobile collaboration platform has been substantially upgraded. Our organ-on-a-chip business is generating early commercial traction. With IB Nimble™ 2 launched and the enhanced IB Clinic platform nearing release, new Kirkstall distribution partners in place, and global distribution relationships expanded, the Board is confident the Group is entering a period of revenue acceleration. Our expectation of progress towards profitability in 2026 is unchanged."

- Trevor Brown, Chief Executive Officer, Imaging Biometrics Limited

- ENDS -

Imaging Biometrics Limited

Trevor Brown / Brett Skelly / Michael Schmainda / John Richardson

Tel: 020 7469 0930

AlbR Capital Limited

Corporate Broker

Lucy Williams

Tel: 020 74690930

About Imaging Biometrics Limited

Imaging Biometrics Limited (LSE: IBAI) is a healthcare technology group with two principal subsidiaries. Imaging Biometrics LLC, based in Elm Grove, Wisconsin, develops quantitative MRI and CT analysis software for disease evaluation and monitoring, distributed globally. Further information: www.imagingbiometrics.com. Kirkstall Limited, acquired in October 2025, develops the Quasi-Vivo® organ-on-a-chip platform for pharmaceutical research, toxicology and disease modelling, with distributors in the United States, China and South Korea. Further information: www.kirkstall.com.

 

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AGMUAONRNOUNRAR
Date   Source Headline
9th Jun 20267:00 amRNSPublication of Phase 1 Clinical Trial
5th Jun 20267:00 amRNSCommercialisation, Phase II Results & Revenue Path
3rd Jun 202611:30 amRNSResult of AGM
3rd Jun 20267:00 amRNSAGM Statement and Business Update
13th May 20267:00 amRNSAMENDEMENT TO NOTICE OF ANNUAL GENERAL MEETING
12th May 20262:24 pmRNSNOTICE OF ANNUAL GENERAL MEETING
8th May 20267:00 amRNSKIRKSTALL AWARDED BBSRC/NC3Rs GRANT: GLIOBLASTOMA
30th Apr 20264:18 pmRNSAnnual Report for the Year Ended 31 December 2025
19th Feb 202610:48 amRNSBoard Appointment
11th Feb 20267:00 amRNSUpdate and IB Nimble Webinar – 27 February 2026
16th Jan 20267:00 amRNSIBAI: Strategic Direction Fueling Organic Growth
10th Dec 20259:43 amRNSExpansion Global Distribution Agreement with GE
26th Nov 20252:50 pmRNSRelease of Next-Generation IB Clinic
24th Nov 20259:56 amRNSBoard Changes
13th Nov 202511:24 amRNSFractional Tumor Burden Mapping Enhances GBM Trial
10th Nov 20253:14 pmRNSIB Announces Completion of Phase 1 Trial of GaM
16th Oct 20257:00 amRNSFurther Re: Purchase of interest in Kirkstall Ltd
14th Oct 202512:15 pmRNSPurchase of Kirkstall and CLN - Correction
14th Oct 20257:00 amRNSPurchase of Kirkstall and CLN with Truetide plc
3rd Oct 202512:16 pmRNSVivan Therapeutics and IB Announce Partnership
16th Sep 20253:49 pmRNSIB Enters Agreement with MedImageMetric
13th Aug 202511:48 amRNSHalf-year Report
7th Aug 202511:22 amRNSGrant of Share Options
21st Jul 20257:00 amRNSIB Announces Soft Close to Phase 1 Trial
9th Jul 20255:14 pmRNSDirector/PDMR Dealing
12th Jun 202510:30 amRNSIB Provides Update on BTD Application

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