13th Jan 2020 10:49
(Alliance News) - Feedback PLC said Monday it has signed a commercial partnership agreement with Imaging Engineering LLC, a US-based specialist technology provider, to support the installation and refitting of a modernised fluoroscopic medical equipment across the US.
Under the terms of agreement, Feedback Medical, Feedback's wholly owned subsidiary, will receive a license fee for each installation performed by Imaging Engineering and will have no commitment beyond maintaining and providing the software.
All intellectual property relating to the software remains with Feedback, the company noted.
A small number of initial installations have already been performed by Imaging Engineering and the first license fees have now been received by Feedback Medical, the company said.
Feedback's software will enable a wide-ranging Imaging Engineering initiative to update fluoroscopy equipment across the US, with an initial focus on 200 provider sites, the company said.
Tom Oakley, chief executive officer of Feedback, said: "This partnership will allow US healthcare providers to modernise their fluoroscopic equipment to meet the needs of the next decade, with considerable savings for the provider and a reduction in equipment disposal."
Feedback shares were down 6.4% in London at 0.95 pence each on Monday.
By Loreta Juodagalvyte; [email protected]
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