Evolved Digital Systems Inc. has finalized a long-term collaborative deal with Shimadzu Corporation, Japan. The agreement calls for Evolved to supply its medical imaging technologies and services to Shimadzu.
"Extending a portion of our proprietary technology will generate improved returns on our technology assets," said Richard Eskind, Evolved Chairman and CEO. "This marks another milestone in the Company's strategic plan. It allows us to reach a worldwide market with a strong distribution partner that is well positioned to serve the imaging industry. We began working with Shimadzu early last year, and they have just begun distributing their products incorporating our technologies to their medical diagnostic customers world wide. As a result, we began to see unit related revenue in the third quarter of 2005."
For its part, Shimadzu believes combining its technology with "Evolved's extensive experience in imaging management solutions has enabled us to develop outstanding solutions that will greatly enhance Shimadzu's ability to further serve this growing market," said Tsunekazu Matsuyama, Director, Member of the Board and General Manager of Medical Systems Division, Shimadzu.