logo-loader
viewFeedback PLC

Feedback inks X-ray systems deal with US firm Imaging Engineering

The medical imaging specialist will use its Cadran software to manage IE's Insight Essentials product as part of a programme to refit fluoroscopy equipment in the US

Feedback PLC - Feedback inks X-ray systems deal with US firm Imaging Engineering

Feedback PLC (LON:FDBK) has entered a commercial partnership with tech firm Imaging Engineering (IE) to support the installation and refitting of fluoroscopy equipment across the US.

Fluoroscopy is a type of medical scan where an X-ray is passed through the body continuously, allowing doctors to see real-time moving images of the inside of a patient.

WATCH: Feedback hails new fluoroscopy technology

Under the terms of the deal, medical imaging specialist Feedback will use its Cadran software platform to manage the entire system of IE’s Insight Essentials product, which will allow the latter to update fluoroscopy equipment across the US with an initial focus on 200 provider sites.

Feedback will receive a licence fee for each installation, some of which have already been performed.

Tom Oakley, Feedback’s chief executive, said the partnership will allow hospitals to “modernise their fluoroscopic equipment to meet the needs of the next decade” while also providing “considerable savings” and a reduction in equipment disposal.

He added that the deal with IE will provide “a new stream of revenue” in line with Feedback’s focus on its Cadran product portfolio.

Feedback shares were 4.2% lower at 1p in early trading on Monday.

--Adds share price--

Quick facts: Feedback PLC

Price: 0.818 GBX

LSE:FDBK
Market: LSE
Market Cap: £4.42 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Feedback PLC named herein, including the promotion by the Company of Feedback PLC in any Content on the Site, the Company receives from said...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Feedback PLC 'on the right trajectory' as it looks to...

Feedback PLC's (LON:FDBK) CEO Tom Oakley speaks to Proactive London's Andrew Scott soon after the release of its interim results to November 2019. Oakley says the big focus for them currently is to convert the results of a pilot study of its new app Bleepa for doctors into “meaningful...

6 hours, 38 minutes ago

2 min read